Did anybody else read the filing on UAL's newest CEO's compensation? A signing bonus of $3million (for someone with no experience running an airline?). An anual salary of $950,000 in addition to 100,000 shares of Ual and options for another 100,000. Oh and lets not forget a fully funded $4.5 million dollar pension and the opportunity to get bonuses equal to 3 times base salary upon hitting goals. I am there are also some provisions in the contract for free golf, suv's, etc.
I could be wrong but I believe this is the most lucrative package Ual has given, to the most inexperienced CEO they have had, during what they describe as the most critical time in United's history. I can't believe that they cry foul about pilot salaries.
I could be wrong but I believe this is the most lucrative package Ual has given, to the most inexperienced CEO they have had, during what they describe as the most critical time in United's history. I can't believe that they cry foul about pilot salaries.