US Airways CEO Gets $5.8 Mil Salary

[JanaBJana]

Crazy!!!!

http://www.usatoday.com/travel/flights/2006-04-11-usair-ceo-pay_x.htm

 

[h25b]

Crazy!!!!

http://www.usatoday.com/travel/flights/2006-04-11-usair-ceo-pay_x.htm

I guess that pretty much pi$$es away the morale boost everyone got from the new kick'n retro paint job that A320 got the other day...

 

[Beechnut]

...and if he makes this merger work, I'd pay him more.

Nothing wrong with making money when you earn it. Pilots argue this all the time.

S.

 

[blzr]

...and if he makes this merger work, I'd pay him more.

Nothing wrong with making money when you earn it. Pilots argue this all the time.

S.

I would have to agree with you except that you generally have to prove your worth before you are paid. You don't get paid Captains pay until you actually pass the checkride.

Peronally, I think he should make Senior Captains pay and get incentives based on performance. same goes for the rest of management and if they screw up, the get to make f/a pay until they fix the problem.

 

[nethan]

Not defending it 100% but only about 600K of that is in actually money. Everything else is stock awards that are mostly tied to future performance.

 

[Mike man]

That is crazy...so is the breakdown:

$5,680,000/Year
$ 473,333/Month
$ 15,561/Day

$648/Hour (24 hours a day 365 days a year)
$10.81/Minute

But like nethan said it's not all liquid money...but still crazy.

 

[BFE]

I also posted in the Majors:

Good for him. Stock bonuses is basically a bonus based on performance. Parker's team indirectly saved the rear ends of thousands of US Airways Group employees, so far successfully merged a low cost carrier with a red ink tank, and has one of the few large airlines with a "buy" stock.

Before I get slammed on this, I agree that Wolf, Gangwal, Seagal raped the airline and ran away with the bank. Parker turned down a one time $770K in hard money check, appears to get paid about 1.8 million in hard money over a undisclosed "long term" plan. The majority is coming from the airlines stock holdings. The stock has been doing well so you'd expect his holdings to be worth more? Again, good for him, his team took the risk on US Airways despite the experts saying he was crazy and so far is winning.

 

[Soverytired]

...and if he makes this merger work, I'd pay him more.

Nothing wrong with making money when you earn it. Pilots argue this all the time.

S.

Totally. Airline mergers are historically money losers - - and he merged with USAir, which is one big merger-mess from the past. Jury is still out as to whether or not this one will be a long-term winner. Here's to hoping he can buck the trend . . . .

If he pulls this off, he's earned every penny.

 

[Gulfstream 200]

That is crazy...so is the breakdown:

$5,680,000/Year
$ 473,333/Month
$ 15,561/Day

$648/Hour (24 hours a day 365 days a year)
$10.81/Minute

But like nethan said it's not all liquid money...but still crazy.

do some searching....his 5+ mil is peanuts pay for CEOs these days....

and yes, its pretty rediculous.

but hey, welcome to America. You can do it also.

 

[atlcrashpad]

I gots me ah duhgree in biznez and mis-managements can I apply fo dis position too? I needs me sum jack, sum bling bling Bouyyyyyyyyyy.

 

[atlcrashpad]

CRAZY.

Stockholders must be ignorant or just plain stupid.

 

[ABITRATOR]

Crazy!!!!

http://www.usatoday.com/travel/flights/2006-04-11-usair-ceo-pay_x.htm

No it's not crazy it's reality. They steal from their emloyees through concessions and taking away their pensions so that they can put it in their own pockets. In my opinion that's theft and theyall need to be in jail.

 

[ABITRATOR]

Crazy!!!!

http://www.usatoday.com/travel/flights/2006-04-11-usair-ceo-pay_x.htm

No it's not crazy, it's reality. They are stealing from the employees through concession and taking away pensions so they could put in their own pockets. That is theft and they should all be imprisoned.

 

[atlcrashpad]

Is there an ECHO? ECHO?

sorry, too funny to pass up. your posting was duplicated.

 

[mamba20]

It may be peanuts pay for CEO's these days. He'll get a pay raise if we go back into BK, isnt that how it works? Ruin a company and get a raise!

 

[atlcrashpad]

I know, look at Lee Raymond. He's the former Exxon CEO who got 11.? million for jacking America on the price of gasoline during Katrina. We are told that the refineries are damaged and Exxon gouges us and reports record profits.

 

[atlcrashpad]

He's taking it with him

http://news.yahoo.com/s/ap/20060416/ap_on_bi_ge/exxon_pay

What did Leo Millions get? What do you think Grinchstein will get? Do you think for one second that a regular employee will get a pention plan at least half of that? CEO's, CFO's, and COO's are robbing companies blind and Congress is letting them.