Originally Posted by
stinsonjr
Thank you for your reply. I understand where you are coming from. One last follow up, and it will require SWA people - how did the company stock (if any) that you recieved in the 80's (when you were paid badly) compensate you? This speaks to my question of being entreprenuars.
Some pilots did VERY well with the stock options. Others did ok. It was a highly variable scheme with different strike prices depending when you were hired. If you were part of the original grant I believe it more than made up for the low pay. The original grant was 10,000 options with a market strike price. After 4 splits the strike was $3.95 and you had 40,000 options.
I have a friend who excercised every option he had when the stock was at $32/share. He made $600,000 that year between salary and options. He continued to get more options for several years after this. In all I'd estimate he made $800,000-$900,000 from the options over about a 10 year period.
S.B.