I'm gonna go to the shareholder meeting and ask Bill for a small loan, like only $98,000. What do y'all think about that idea?
Quote:
From Associated Press:
ATLANTA — The chairman and chief executive officer of Alaska Air Group, William Ayer, received total compensation valued at $1.6 million in 2008, according to a regulatory filing Monday.
According to an analysis of the filing with the Securities and Exchange Commission, Ayer, 54, received a salary of $360,000, the same as in each of the two previous years.
He received a performance-based bonus of $186,840 and other compensation of $68,155, including $6,900 for 401(k) matching contributions, $1,832 for life insurance premiums and related taxes, $10,469 for medical insurance premiums, $43,200 for a perquisite allowance and $4,893 for travel taxes paid.
Ayer also received stock and option awards the company valued at $966,012 on the day they were granted. The exercise or base price of the option awards is $27.49, which would put those shares currently under water since the company's share price is trading substantially below that.
The company did not break out any above-market returns on deferred compensation, reporting instead the total earnings on deferred compensation.
Ayer's total compensation came to $1,581,007.
The Associated Press's total pay calculations include executives' salary, bonus, incentives, perks, above-market returns on deferred compensation and the estimated value of stock options and awards granted during the year. The calculations don't include changes in the present value of pension benefits, and they sometimes differ from the totals companies list in the summary compensation table of proxy statements filed with the SEC.
Seattle-based Alaska Air Group operates Alaska Airlines and Horizon Air, which together serve more than 90 cities through their network in Alaska, Hawaii, the continental U.S., Canada and Mexico. In November, Alaska Air Group signed an expanded marketing alliance with Atlanta-based Delta Air Lines, the world's biggest airline operator.
Alaska Air Group's annual meeting is scheduled for May 19 in Seattle. The agenda includes the election of the members of the board to another one-year term, ratification of the appointment of the company's independent auditor, the seeking of an advisory vote concerning executive compensation, and a vote on one stockholder proposal involving the calling of special shareholder meetings.
I guess the bigger question is how much do you think a CEo should be paid?
As long as they're not getting infusions of taxpayer cash, I'd say it's a publicly owned company and whatever the shareholders want to pay their CEO, that's what he should get.
Or, more pithily: whatever the market dictates.
The flip side, of course, is "What should pilots get?". Answer: whatever they can negotiate, and whatever the profit statement of the company dictates. They're contracted labor, just like the CEO.
My thoughts exactly. Actually, 1.6 million seems pretty modest by CEO compensation standards.
Yeah and most of that was stock options. Here is a quote from an article about the Alaska executive pay for last year.
"The Alaska board of directors has maintained Ayer's base salary at $360,000 a year for the last three years. That base salary is less than the $551,375 average base compensation for the CEOs of rival major U.S. airlines."
And now with AS shareholders being given a vote on executive bonuses, looks like their pay will remain reasonable and much less outrageous than industry standards.
Stock options were a way for company's to pay exc's more.... They are a loop hole from the 90's. I do not care what u call it... It is all cash in his piggy bank! Compare his total income to other major airline ceo's...
The point is to look at labor wages and compare them to inflation over the years... Then look at management wages compared the same way! I do not mind someone making piles-o-doe for doing good work! I do mind labor doing much more work and making much less!
Greed! It is taking this country down the drain quite quickly! There is always some big problem and reason we can not be paid more! While all the time mismanagement makes more!
Just keep lowering your expectations and you will be happy!
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Alaska Air CEO earned $1.6M in 2008
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