In 2007, the year after terminating our pensions and reducing our pay by over 40%, this was Mr. Bastian's total annual compensation.... (source:
http://executives.findthecompany.com...ward-H-Bastian )
Salary: $421,667
Restricted Stock Awards: $6,942,680
Option Awards: $2,142,210
Non-equity Incentive Plan Compensation: $733,522
Other Compensation: $61,821
Total Annual Compensation for 2007 - $10,301,930
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American labor has had enough of this type of leadership.
Where is the fairness? Where is the common sense?
How can we follow a CEO who makes tens of millions off of our billions in concessions?
How can we follow a CEO who makes tens of millions while our bankruptcy concessions remain in place?
It long past time to take care of the people who brought him to the party.
There is no excuse for the lack of progress.