NEWS: Airline Exec Compensation Comparo
I normally stay out of the who gets paid what stuff...there are so many variables...but I couldn't help myself. Forbes.com has posted the top 500 executive compensations for 2005, sans details, and there were a couple of things that struck me as interesting.:
Glenn Tilton, CEO, United Airlines $1.2 million total compensation/yr
Larry Kellner, CEO, Continental Airlines $790,562 total compensation/yr
Gerald Arpey, CEO, American Airlines, $686,295 total compensation/yr
Gary Kelley, CEO, Southwest Airlines, $627,706 total compensation/yr
Doug Steenland, CEO, Northwest Airlines, $523,577 total compensation/yr
Gerald Grinstein, CEO, Delta Airlines, $382,207 total compensation/yr
Notably missing from this group
Doug Parker, CEO, America West
Joe Leonard, CEO, AirTran
Bruce Lakefield, CEO, US Airways
This comment is obvious but does it strike anyone else as odd that Glenn Tilton would top the list? The United's flight attendants have been screaming that management is not holding up their end of the cost cutting bargain...to the point where they were threatening to throw out the cost cutting measures recently approved by the union members. I'm sure this news will sit nicely with them.
Glenn Tilton, CEO, United Airlines $1.2 million total compensation/yr
Larry Kellner, CEO, Continental Airlines $790,562 total compensation/yr
Gerald Arpey, CEO, American Airlines, $686,295 total compensation/yr
Gary Kelley, CEO, Southwest Airlines, $627,706 total compensation/yr
Doug Steenland, CEO, Northwest Airlines, $523,577 total compensation/yr
Gerald Grinstein, CEO, Delta Airlines, $382,207 total compensation/yr
Notably missing from this group
Doug Parker, CEO, America West
Joe Leonard, CEO, AirTran
Bruce Lakefield, CEO, US Airways
This comment is obvious but does it strike anyone else as odd that Glenn Tilton would top the list? The United's flight attendants have been screaming that management is not holding up their end of the cost cutting bargain...to the point where they were threatening to throw out the cost cutting measures recently approved by the union members. I'm sure this news will sit nicely with them.