The company's chief executives will join the industry trend and forego their salaries for the rest of the year. Also, they decided to stay with US Airways and not take advantage of their collective multi-million dollar golden parachutes.

http://cnnfn.cnn.com/2001/09/28/companies/airlines/

[This message has been edited by TPA us ff (edited 09-28-2001).]

[QUOTE]Originally posted by TPA us ff:
The company's chief executives will join the industry trend and forego their salaries for the rest of the year. Also, they decided to stay with US Airways and not take advantage of their collective multi-million dollar golden parachutes.

They still both make my skin crawl.

This forgoing of salaries until year end is a joke. Do these people really think we believe that they are working for free. Come on. They are board members and the board next year will come up with some other ludicrous pay package to cover them for their lost wages. This p.r. move makes me sick!

<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by nbkob74:
This forgoing of salaries until year end is a joke. Do these people really think we believe that they are working for free. Come on. They are board members and the board next year will come up with some other ludicrous pay package to cover them for their lost wages. This p.r. move makes me sick!</font>

The Wall Street Journal reports that the 3 US Airways executives will give up a combined total of $372,000. It seems that they are not forfeiting total compensation, only salary. So they are not giving up $5-10M.

In my opinion, if they get the airline back on track they deserve comparable salaries as the other airline chiefs. Currently, they get much more and don't manage as well.

Not surprising from the men that earn the most yet deserve the least.