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-   -   Continental execs qualify for bonuses (https://www.flyertalk.com/forum/continental-onepass-pre-merger/43896-continental-execs-qualify-bonuses.html)

Spiff Oct 15, 2002 10:38 am

Continental execs qualify for bonuses
 
http://www.usatoday.com/usatonline/2...5/4534316s.htm

"Continental Airlines CEO Gordon Bethune qualified for a $162,800 first-quarter bonus, in effect because his company lost less money than its rivals.

The airline's first-quarter operating loss, excluding write-offs, was less than a targeted $126 million, so Bethune and other senior executives earned bonuses equal to 62.5% of their salaries."

So what bonuses did the passengers qualify for?

bonzaiflyer Oct 15, 2002 10:43 am


<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by Spiff:
So what bonuses did the passengers qualify for?</font>
All RJs, all the time!



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Not sure where I'm going, but I'm getting there fast.

afrugal1 Oct 15, 2002 11:31 am

And the gap between the haves and the have nots grows ever wider.

duxfan Oct 15, 2002 11:43 am

Yeah, and what it takes to be considered a "Have" by a "Have Not" is considerably less than it once was. But that's another topic for another time.

I think we now know why we have beverage charges in Int'l coach now. And this certainly explains the "No Waivers or Favors" rule. Looks like we're feeding a bonus fund! http://www.flyertalk.com/forum/mad.gif

venk Oct 15, 2002 12:50 pm

No executive in a company should be paid a bonus in a year where there are no profits or when there are significant lay-offs or salary/benefit reductions for employees. This is in such poor taste and a slap in the face for employees.

What is the bonus payout for the gate agents because of this wonderful performance?


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