Airline CEO Compensation Sees Significant Rate Of Climb | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

** Airborne 08.27.14 ** HD iPad-Friendly -- Airborne 08.27.14 **
** Airborne 08.25.14 ** HD iPad-Friendly -- Airborne 08.25.14 **
** Airborne 08.22.14 ** HD iPad-Friendly -- Airborne 08.22.14 **

Thu, May 03, 2012

Airline CEO Compensation Sees Significant Rate Of Climb

United, Delta Boost Pay For Chief Executives

We know it comes with a lot of responsibility, but the position of airline CEO also comes with a healthy, and apparently growing, compensation package.

The Associated Press reports that United Continental Holdings CEO Jeff Smisek has seen his pay and other compensation jump from $4.4 million in 2012 to $13.4 million in 2011. The numbers were reported in a proxy statement filed late last week with the Security and Exchange Commission (SEC). The figure does not include the value of Mr. Smisek's pension.

A report from Reuters shows Smisek's package to be even higher ... as much as $14.7 million. The news service says that about half of that is in stock awards which are tied to performance goals. The filing said the boost reflected the increase in responsibilities for the merged airlines.

Over at Delta, the AP reports that CEO Richard Anderson (pictured, below) has seen his compensation jump from $8 million to $8.9 million. His base salary remained the same, according to an SEC report, at $600,000, but the stock award value grew by $1 million.

After seeing Mr. Smisek's numbers, Mr. Anderson may be looking around for an airline for Delta to buy.

FMI: www.sec.gov


Advertisement

More News

Airborne 08.25.14: SpaceX Setback, AMA Fights FAA, Redbird Migration 2014

Also: Copperstate Fly-In, No-Fly List Changes, Volcano Alert, Inhofe Campaigns In RV-8 In an initial report, ANN space correspondent, Wes Oleszewski, said that on the evening of Au>[...]

Aero-TV: In The Nick Of Time? - A NextGen GA Fund Update

The GA World Needs All The Help It Can Get... IF It Can Get It A hot topic at EAA AirVenture 2014 was the subject of the FAA requirement to be ADS-B equipped by January 1, 2020. In>[...]

ANN's Daily Aero-Linx (08.27.14)

International Republic Seabee Owner's Club (IRSOC) A website dedicated to the Seabee seaplane. You can find information about the airplanes and events, and talk to other Seabee ent>[...]

ANN's Daily Aero-Term (08.27.14): GPS Approach Overlay Program

An authorization for pilots to use GPS avionics under IFR for flying designated existing nonprecision instrument approach procedures, with the exception of LOC, LDA, and SDF proced>[...]

Aero-News: Quote Of The Day (08.27.14)

“We are grateful to Bruce for his years of unparalleled dedication to general aviation, and are delighted that he has agreed to continue on as our senior safety advisor.&rdqu>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2014 Web Development & Design by Pauli Systems, LC