ual744777sta

Mark Bathurst is a pilot for United Airlines.

Here's the link:

http://blogs.usatoday.com/sky/2007/06/ual_talks.html

Paolo01

Ouch. Does not say a great deal for UAL Employee relationships mending, nor an overall business plan after emerging from bankruptcy. Come on UA. Get with it.

kkjay77

I just have to wonder where DL or NW are getting the funds to order new planes. Maybe DL or NW isn't paying their CEOs with Tilton-like bonus?

jhayes_1780

or $2,000,000,000. to thier employees?

ryan182

^

andersjt

Kind of tired of hearing about the $2 billion payout to the employees. First, this payout does not begin to come close to replacing what is needed to fund the pension obligations required had United not gotten into trouble. Second, - if you look closely, both DL and NW, as part of their BK restructuring, have plans in place to compensate their employees in a similar manner when certain benchmarks are met.

This pilot has it right, the suits at WHQ are missing the boat. A few of these MBA's need to spend some time on the line.

J.Edward

It seems like only yesterday someone posted the following:UA has will face a serious issue when competitors' costs (both foreign and domestic) are lowered due to operating more efficient aircraft. Tilton's staunch through BK would have been great if a merger happened...as that's all the guy really seems to know how to do in the any industry he's in - energy or airline. The board needs to get serious, re-evaluate the upper management structure and explore other ideas beyond simply "dealing" their way out of their problems through BK, mergers, BK II and so on. Should they fail in this capacity they might as well plaster PanAm upon the sides of their aircraft.

fastair

In a thread dated May 7 on the AA forum these facts were presented...
There was a lengthy thread (now locked) on AA executive compensation. Since NWA's similar plan appeared in the WSJ today, I thought it would be interesting to see how AA compared to NWA.

Keep in mind that NWA went through bankruptcy, so the pilots lost much of their pension, so the pilots gave up more at NWA than at AA.

Total exec bonus:
AA $160 M
NW $300 M

Employees in exec pool:
AA 875
NW 400

Average bonus per 'exec' employee:
AA $183 K
NW $750 K

Total employee bonus/options:
AA $1.0 B
NW $1.6 B

Ratio of employee to exec bonus:
AA 6.25
NW 5.3 .

So AA which dd not go thru chap 11 nor dump pensions gave 1 billion to employees. UA gave 2 (UA is slightly smaller, but there is that entire chap 11 process that cost UA employees more.)

NW which is significantly smaller (but also did chap 11 and defaulted on pensions) gave 1.6 billion to employees.

Please...stop trying to point fingers and say that UA employees are getting much more...do the math. Of the CEO's of all (3) companies, UA's got by far the biggest payout, and by far the biggest multiplier of his own base pay, and of any employee bonus.

I believe AA is doing better than UA as well, without having a judge force concessions and without defaulting on all stockholder value wih a chap 11 filing. AA posted a 1st 1/4 profit too. Why does Glenn, a CEO of a company that was not profitable, is smaller, and ruined all shareholder value (not his fault the last thing, but u can't give credit for it either) get more thatn 2x as much as the other (2) companies combined?


Yea...the rank and File of UA are the greedy ones that are preventing UA from ordering planes. It was a decision made by the employees pay us in stock that was created, or buy planes. I wasn't asked....nor were 40,000 other employees. This decision was made by the guy who got the bonus, so your insinuation is not just baseless, but 100% the opposite.


Thanks to the poster of this data on the AA forum...it isn't mine, so don't credit me with giving you the facts instead of just the incorrect assumptions.

aisleorwindow

Thank you.
Could not agree with you (or fastair's comments) more.

^

jhayes_1780

I didn't specify... but my point was I am just as tired of hearing about Glenn's 37,000,000.00 payday.

So, if one is to criticize Tilton for HIS windfall, you better be prepared to justify labor for thiers. (also, I do realize it is less of a per capita payout).

aisleorwindow

I don't understand how you can even compare the two. It's not even close to the same thing. "Windfall"????? You're kidding right?

jhayes_1780

Let me try this again.....

I am not saying either bonus is right or wrong, deserved or un-deserved, too much or too little. My ONLY point is people CONSANTLY bring up Tiltons 37,000,000 (ex. kkjay77 in post #3), I believe it is only fair to point out the employees ALSO just received a 2,000,000,000 (potentially) payoff as well.

ryan182

Perhaps because he understands math?

Let me help you:

2,000,000,000 >> 37,000,000


Secondly the big number of 37M or 39M depending which kool-aid drinking socialist you're talking to is a bunch of BS.

His salary was: $687,083

The remaining 38M which is an estimate is stock options which vest over 4 years, so basically 38M/4 = 9.5M/year in vesting but ONLY if UAUA remains at the same price. See if UAUA goes up, he gets more, if down, less.

He also got: $839,028 in nonequity incentive plan compensation and $210,959 in free travel

You people make it sound like UA wrote him at 39M check while the rank and file are eating cup-o-noodles.

jhayes_1780

Obviously you have never see me try to balance my checkbook

Jet Set

How much of the 2 billion do you think the 'rank and file' received?