US Airways Group CEO Total 2006 Pay Valued At $5.4M >LCC
 

US Airways Group CEO Total 2006 Pay Valued At $5.4M >LCC

DOW JONES NEWSWIRES
April 16, 2007 6:24 p.m.

DOW JONES NEWSWIRES

US Airways Group Inc. (LCC) Chairman and Chief Executive W. Douglas Parker's total compensation for 2006 was valued at $5.4 million, the airline said Monday.

In addition, Parker realized $9 million in value from the exercise of options for 272,250 shares, according to the proxy US Airways filed with the Securities and Exchange Commission.

Parker's compensation included a $550,000 salary, stock awards the company valued at $1.66 million, and $1.75 million in non-equity plan compensation.

Also included in Parker's compensation was about $48,000 worth of personal travel, tax payments and other benefits, the filing said.

President J. Scott Kirby's total 2006 compensation was valued at $2.9 million, the company said. Kirby also realized $7 million in value from the exercise of options for 193,875 shares.

New for next year is a car and driver.

:eek: :p ^

Is that for when they get stranded by canceled flights, no availability for days that agents can see, and they really need to get somewhere?

A car and driver for those times when DP may go out and partake of some drinks.

Wouldn't flying with these clowns make you want to drink, too? :D

(oh, wait... I drank way before that...)

Now some may realize why DP and gang are stuffing all the FF's and doing everything possible to increase short-term profit at the expense of the long-term. Nothing new here, sadly - Wall Street's focus on this quarter, and exec comp tied to the same metric.

It takes companies with good management (see GE) to realize the value of building and investing for long-term returns.

DP and gang know they will only be around for a few years - who cares what the next CEO will be face with. There's always Chapter 33.