Thread: Frank Borman
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Old 12-29-2023, 05:35 PM
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METO Guido
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Originally Posted by 12oclockHi View Post
You tend to be remembered more by the last things you (didn't) accomplish than your fine resume leading up to it. If Wikipedia has it correct, Frank Borman departed Eastern Airlines with a $900,000 severance in 1986, equivalent to + $2,500,000 today. Not a bad parting gift for a CEO who lasting acts were multiple pay cuts for its line employees. Another $150,000 per year as a consultant until 1991, roughly $1.7M in todays dollars for the five years after leaving.

Not pointing the finger or assessing blame for the Eastern fiasco, but he was the PIC at the time, and would have had a gentle landing when others crashed and burned.
Big chair, big ego. Why did they pay out? Lorenzo agreed to it. Fun is fun, done is done.
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