Any Questions ? "PAY FOR THE DELAY"
07-13-2006, 01:48 PM
#1
Gets Weekends Off
Thread Starter
Joined APC: Jun 2006
Posts: 732
Any Questions ? "PAY FOR THE DELAY"
Non-CEO Named Executive Officers
FedEx Corporation executive vice presidents participated in the FY2006 annual incentive cash bonus plan for headquarters employees. Under this plan, the annual bonus target for each executive was 90% of his or her base salary, with a maximum payout of 240% of the target bonus. A threshold payout of up to 30% of the target bonus was based on the achievement of individual objectives established at the beginning of the fiscal year for each executive. The achievement level of each executive's individual objectives was based on Mr. Smith's evaluation at the conclusion of FY2006, which was reviewed by the Compensation Committee. The balance of the bonus payout was based on FedEx's consolidated pre-tax income for FY2006 and ranged, on a sliding scale, from a minimum amount if the plan's pre-established consolidated pre-tax income threshold was achieved up to a maximum amount if such financial performance goal was substantially exceeded.
The following table sets forth the FY2006 annual bonus amount for each of FedEx's non-CEO named executive officers.
FY2006
Name and Current Position Annual Bonus Amount
David J. Bronczek $1,196,892
President and Chief Executive Officer -
FedEx Express
Alan B. Graf, Jr. $994,460
Executive Vice President and
Chief Financial Officer
Daniel J. Sullivan $872,425
President and Chief Executive Officer -
FedEx Ground
T. Michael Glenn $926,530
Executive Vice President,
Market Development and
Corporate Communications
Let's make FedEx write the check to us. They do not make the execs wait two years for these payouts, do they ?
FedEx Corporation executive vice presidents participated in the FY2006 annual incentive cash bonus plan for headquarters employees. Under this plan, the annual bonus target for each executive was 90% of his or her base salary, with a maximum payout of 240% of the target bonus. A threshold payout of up to 30% of the target bonus was based on the achievement of individual objectives established at the beginning of the fiscal year for each executive. The achievement level of each executive's individual objectives was based on Mr. Smith's evaluation at the conclusion of FY2006, which was reviewed by the Compensation Committee. The balance of the bonus payout was based on FedEx's consolidated pre-tax income for FY2006 and ranged, on a sliding scale, from a minimum amount if the plan's pre-established consolidated pre-tax income threshold was achieved up to a maximum amount if such financial performance goal was substantially exceeded.
The following table sets forth the FY2006 annual bonus amount for each of FedEx's non-CEO named executive officers.
FY2006
Name and Current Position Annual Bonus Amount
David J. Bronczek $1,196,892
President and Chief Executive Officer -
FedEx Express
Alan B. Graf, Jr. $994,460
Executive Vice President and
Chief Financial Officer
Daniel J. Sullivan $872,425
President and Chief Executive Officer -
FedEx Ground
T. Michael Glenn $926,530
Executive Vice President,
Market Development and
Corporate Communications
Let's make FedEx write the check to us. They do not make the execs wait two years for these payouts, do they ?
07-13-2006, 02:09 PM
#2
Down, 3 Green
Joined APC: Feb 2006
Position: MEM A300
Posts: 103
Concur
Originally Posted by 2cylinderdriver
Let's make FedEx write the check to us.
07-14-2006, 03:38 AM
#5
Trust but Verify!!
Joined APC: May 2006
Position: MD11 CRA
Posts: 684
As usual we are our own worst enemy. Pairing 1152/18jul mem11. The Capt is flying 27 days in a row and if you look back he has been doing a lot of extra flying the past 12 months. I choose to stay home on my days off and support our Negotiating Committee. Guys like this are supporting a negotiating committee as well, but not ALPA's.
07-14-2006, 04:34 AM
#6
Gets Weekends Off
Joined APC: Dec 2005
Position: MD-11 F/O UPS
Posts: 175
"On July 10, 2006, the independent members of the Board of Directors, upon the recommendation of the Compensation Committee,
approved an FY2006 annual bonus of $2,679,147 for Mr. Smith."
check the 8-k for more info, or if you want it sent to you just PM me; the metrics for getting that much are pretty ridiculous and very subjective.
I should've gotten my MBA instead of my pilot's tickets........................
approved an FY2006 annual bonus of $2,679,147 for Mr. Smith."
check the 8-k for more info, or if you want it sent to you just PM me; the metrics for getting that much are pretty ridiculous and very subjective.
I should've gotten my MBA instead of my pilot's tickets........................
07-16-2006, 01:52 AM
#7
Gets Weekends Off
Joined APC: Jan 2006
Position: ANC-Based MD-11 FO
Posts: 328
I've flown with the capt who operated trip 1152, 18 Jul 06. No that trip, but last year when he was based in ANC. He's quite blatant about his contempt for the union and the pilots as a whole. The guy is a real piece of work who needs to be shunned as much as possible. Unfortunately, management protects guys like this, as you might expect.
07-16-2006, 02:49 AM
#8
Gets Weekends Off
Joined APC: Apr 2006
Posts: 675
OK, I give
Originally Posted by FDXFLYR
I've flown with the capt who operated trip 1152, 18 Jul 06. No that trip, but last year when he was based in ANC. He's quite blatant about his contempt for the union and the pilots as a whole. The guy is a real piece of work who needs to be shunned as much as possible. Unfortunately, management protects guys like this, as you might expect.
I can't wait, how does management protect a guy like this. Special securuity detail.
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