Originally Posted by
oldmako
Didn't they also get some equity? Or, is that included in your figure?
Kind of. I just know my friend who was hired there the same year I was hired at CAL has his house paid off, no kids' college debt, and takes his wife on a two week trip to Europe every summer. His second year he got $25k for something, I forget what, maybe profit sharing, when I got $1800. Then to exit BK he got $ about equal to his annual salary dumped into his 401k by the company spread over three years. Then to motivate the completion of the pilot merger $600m was put into escrow by the company (all borrowed) and was given to them once SLI/contract were wrapped up, average $50k each, which is big reason it happened so quickly I guess. All I know is he's flush and it isn't because of investments. Before they nixed the A plan they let them know it was about to happen so everyone over 55 bailed with their millions and that didn't hurt seniority either. Under those circumstances I wouldn't mind wearing their double-breasted smoking jacket.