Tilton & Friends get more stock

[a320drivr]

More stock for United execs

Robert P. Mark
2/20/2006​

Friday’s Rocky Mountain News reports that a few United Airlines executives will have gathered up a bit more in stock options than was previously announced.

Eight of the carrier’s executives will share options to buy 821,662 in company stock, adding to a previously disclosed award of 1.6 million restricted shares the group received upon the carrier's emergence from bankruptcy. The options were recently reported in an SEC filing.

Glenn Tilton, United's chief executive officer, received the largest number of stock options: 274,000. Other who shared in the new stock options include John Tague, an executive vice president, with 109,666, Pete McDonald, chief operating officer, 109,666 shares and Jake Brace, chief financial officer, with 109,666 shares.

 

[Dan Roman]

Talk about a swing of the pendulum. In 2000, I remember a quote from Rick Dubinsky about "squeezing the neck of the golden goose and getting every last egg". At the time I read somewere that only 40 non pilot employees made more than a Captain at UAL (frankly that seems about right to me). I do think Dubinsky was overreaching and way too in your face. I can't help but wonder if the backlash from UAL ALPA being too greedy and overreaching is causing the money grab that is resulting in the guy in charge of toilet paper in Denver now makes a lot more than a Captain.