Thu, May 03, 2012
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.
Also: New York Airways 1962, Mica Wants Privatized ATC, Ares UAV, Textron ProAdvantage, Boeing SC Union Vote, Whirly Girls The Honda Aircraft Company has announced that the HondaJe>[...]
Had Been One Of The Doolittle Raiders Who Attacked Tokyo In 1942 One of the last of the 80 men to climb aboard 16 B-25 bombers and launch from an aircraft carrier in April 1942 to >[...]
Shawn Pederson - Road to Recovery Six months ago, Shawn "Norm" Pederson took the road less travelled. After retiring from a career of public service as United States Air Force pilo>[...]
With respect to the operation of aircraft, means the height at which a decision must be made during an ILS, MLS, or PAR instrument approach to either continue the approach or to ex>[...]
“NBAA is pleased that the FAA continues to recognize the importance of this tool to NBAA Member business aircraft owners seeking to maximize the efficiency and usability of a>[...]