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Alaska Air CEO earned $1.6M in 2008
I'm gonna go to the shareholder meeting and ask Bill for a small loan, like only $98,000. What do y'all think about that idea? :)
From Associated Press: ATLANTA — The chairman and chief executive officer of Alaska Air Group, William Ayer, received total compensation valued at $1.6 million in 2008, according to a regulatory filing Monday. According to an analysis of the filing with the Securities and Exchange Commission, Ayer, 54, received a salary of $360,000, the same as in each of the two previous years. He received a performance-based bonus of $186,840 and other compensation of $68,155, including $6,900 for 401(k) matching contributions, $1,832 for life insurance premiums and related taxes, $10,469 for medical insurance premiums, $43,200 for a perquisite allowance and $4,893 for travel taxes paid. Ayer also received stock and option awards the company valued at $966,012 on the day they were granted. The exercise or base price of the option awards is $27.49, which would put those shares currently under water since the company's share price is trading substantially below that. The company did not break out any above-market returns on deferred compensation, reporting instead the total earnings on deferred compensation. Ayer's total compensation came to $1,581,007. The Associated Press's total pay calculations include executives' salary, bonus, incentives, perks, above-market returns on deferred compensation and the estimated value of stock options and awards granted during the year. The calculations don't include changes in the present value of pension benefits, and they sometimes differ from the totals companies list in the summary compensation table of proxy statements filed with the SEC. Seattle-based Alaska Air Group operates Alaska Airlines and Horizon Air, which together serve more than 90 cities through their network in Alaska, Hawaii, the continental U.S., Canada and Mexico. In November, Alaska Air Group signed an expanded marketing alliance with Atlanta-based Delta Air Lines, the world's biggest airline operator. Alaska Air Group's annual meeting is scheduled for May 19 in Seattle. The agenda includes the election of the members of the board to another one-year term, ratification of the appointment of the company's independent auditor, the seeking of an advisory vote concerning executive compensation, and a vote on one stockholder proposal involving the calling of special shareholder meetings. |
Go for it Vagabond. Let us know how it all turns out.
Would you be willing to donate the $98K to 60 furloughed pilots? |
I bet he can see Russia too!
Guess he didn't get the memo... |
I guess the bigger question is how much do you think a CEo should be paid?
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Originally Posted by jonnyjetprop
(Post 594876)
I guess the bigger question is how much do you think a CEo should be paid?
As long as they're not getting infusions of taxpayer cash, I'd say it's a publicly owned company and whatever the shareholders want to pay their CEO, that's what he should get. Or, more pithily: whatever the market dictates. The flip side, of course, is "What should pilots get?". Answer: whatever they can negotiate, and whatever the profit statement of the company dictates. They're contracted labor, just like the CEO. |
Originally Posted by jonnyjetprop
(Post 594876)
I guess the bigger question is how much do you think a CEo should be paid?
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Originally Posted by Zapata
(Post 594900)
My thoughts exactly. Actually, 1.6 million seems pretty modest by CEO compensation standards.
"The Alaska board of directors has maintained Ayer's base salary at $360,000 a year for the last three years. That base salary is less than the $551,375 average base compensation for the CEOs of rival major U.S. airlines." And now with AS shareholders being given a vote on executive bonuses, looks like their pay will remain reasonable and much less outrageous than industry standards. |
Stock options were a way for company's to pay exc's more.... They are a loop hole from the 90's. I do not care what u call it... It is all cash in his piggy bank! Compare his total income to other major airline ceo's...
The point is to look at labor wages and compare them to inflation over the years... Then look at management wages compared the same way! I do not mind someone making piles-o-doe for doing good work! I do mind labor doing much more work and making much less! Greed! It is taking this country down the drain quite quickly! There is always some big problem and reason we can not be paid more! While all the time mismanagement makes more! Just keep lowering your expectations and you will be happy! |
Better than UAL.
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Originally Posted by ToiletDuck
(Post 595041)
Better than UAL.
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Originally Posted by Al Aska
(Post 595026)
I do mind labor doing much more work and making much less!
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For the most part I am not so angery about the 360K salary.
My complaint is the rest. The company does not run unless everyone involved does their job. My wife, an AS FA, got a small bonus for performance (OPR). This is all uncle bill should see too. NO ONE IN ANY COMPANY IS WORTH THOSE HIGH BONUSES! If he takes his income and invests it on his own 401K style thing to invest in airline stocks fine, but everything else is crazy, including the parachutes! |
Christ our CEO makes $198,000/week and its in his contract to have CAL pay his yearly income tax tab as well.
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Originally Posted by vagabond
(Post 594594)
...Ayer also received stock and option awards the company valued at $966,012 on the day they were granted. The exercise or base price of the option awards is $27.49, which would put those shares currently under water since the company's share price is trading substantially below that...
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Originally Posted by 757Driver
(Post 595213)
Christ our CEO makes $198,000/week and its in his contract to have CAL pay his yearly income tax tab as well.
It reminds me of that female exec at DL a few years ago (can't remember her name)...as part of her severance package they were going to give her family unlimited positive space in Y on DL for life...wasn't good enough and she whined until they made it F for life. When you are leaving with millions of dollars and nothing to show for it, I think you could afford some F tickets yourself. |
I always enjoy reading these threads. Everyone at the bottom of the food chain thinks management does nothing for the company.
If you don't agree with it, start up your own airline and work for whatever wage you think is reasonable. I think you'll find out that it is harder than it looks. -Fatty |
Mel Brooks said it best
It's good to be da King! This message brought to you by one of the "cake eaters".
fbh |
Originally Posted by KC10 FATboy
(Post 595242)
I always enjoy reading these threads. Everyone at the bottom of the food chain thinks management does nothing for the company.
If you don't agree with it, start up your own airline and work for whatever wage you think is reasonable. I think you'll find out that it is harder than it looks. -Fatty CEO's need to account for their actions just like I do when something gets f'd up. My CEO received a substantial raise after we lost millions of dollars while the rest of us peons took extensive cuts. Care to explain that one to me? |
Originally Posted by 402Fanatic
(Post 595067)
I don't quite think it's fair to assume that management does less work than a more front-line agent. My father was a manager at an airline for years and routinely worked 60 hours a week because as he moved up, the jobs became more demanding. Regardless of some of the long days pilots have, I'd take this schedule over consistent 60 hour workweeks with only 8 days off a month.
You or I could step into just about any job at an airline and be dam good at it with very little training! Lets see anyone else step into your job with little or no training... Wait for the report on the Turkish Crash... Depending on your age and time in service your expectations are vastly different! Some know how it use to be, and some are fine with the way it is now... Say what will.. Economic down turn... At our company the pilots are the only ones who keep taking pay cuts! Everyone else gets raises and complains that it is only 1 to 3 %! When someone in management screws up usually nobody dies! Except here! |
Originally Posted by Al Aska
(Post 595491)
Sorry for the confusion.... I was not trying to compare management jobs with pilot jobs... Yes those guys work hard too!
You or I could step into just about any job at an airline and be dam good at it with very little training! Lets see anyone else step into your job with little or no training... Wait for the report on the Turkish Crash... Depending on your age and time in service your expectations are vastly different! Some know how it use to be, and some are fine with the way it is now... Say what will.. Economic down turn... At our company the pilots are the only ones who keep taking pay cuts! Everyone else gets raises and complains that it is only 1 to 3 %! When someone in management screws up usually nobody dies! Except here! |
Originally Posted by 402Fanatic
(Post 595237)
***? That is ridiculous. It's those extras that make you go huh? Who agreed to that?
It reminds me of that female exec at DL a few years ago (can't remember her name)...as part of her severance package they were going to give her family unlimited positive space in Y on DL for life...wasn't good enough and she whined until they made it F for life. When you are leaving with millions of dollars and nothing to show for it, I think you could afford some F tickets yourself. |
Originally Posted by syd111
(Post 595492)
I am not sure I follow you here, are you saying with very little training you could be the ceo or cfo of one of these major corporations? I am not saying airline management does a great job but I find it hard to believe that as pilot you are qualified to be top management at one of these companies. You also mentioned continued pay cuts, what airline do you work for that you keep taking pay cuts?
I have some schooling in that exact area! I have also managed over 350 people before! As for the airline I work for..... You should be able to figure that out on your own! Good luck... We all need it! What we need is good leadership! That is very rare these days! |
Originally Posted by KC10 FATboy
(Post 595242)
I always enjoy reading these threads. Everyone at the bottom of the food chain thinks management does nothing for the company.
If you don't agree with it, start up your own airline and work for whatever wage you think is reasonable. I think you'll find out that it is harder than it looks. -Fatty |
Originally Posted by Al Aska
(Post 595619)
Well... Yes I think I could do as good if not better than a lot of the ceo's!
I have some schooling in that exact area! I have also managed over 350 people before! As for the airline I work for..... You should be able to figure that out on your own! Good luck... We all need it! What we need is good leadership! That is very rare these days! Best of luck. |
Originally Posted by skid
(Post 595125)
For the most part I am not so angery about the 360K salary.
My complaint is the rest. The company does not run unless everyone involved does their job. My wife, an AS FA, got a small bonus for performance (OPR). This is all uncle bill should see too. NO ONE IN ANY COMPANY IS WORTH THOSE HIGH BONUSES! If he takes his income and invests it on his own 401K style thing to invest in airline stocks fine, but everything else is crazy, including the parachutes! What do we, as pilots think we are worth? What is the public's typical reaction when a newspaper prints an article summarizing pilots' salaries in the $100K - $200K range? Many in my community were appalled when the local paper printed the "average" salary for a pilot during our negotiations a few years ago. Many pilots felt the numbers were low, many non-pilots felt we were overpaid and not worth the salaries. I don't believe in rewarding failure and lack of good ethics, but I do believe in earning what you can negotiate - including CEO's. |
Originally Posted by jayray
(Post 595654)
Yes, because everyone knows today's CEOs started their own airlines. If I started my own airline I'd pay myself only what I needed to live on and leave everything else with the company and/or re-invest. Why isn't management today doing that?
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Originally Posted by alfaromeo
(Post 595503)
Michelle Burns, and her pass privilege contract was rejected in total in bankruptcy, along with Leo. At least something good came out of bankruptcy.
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Originally Posted by 757Driver
(Post 595396)
Where do I start with this one. Perhaps you think you reside at the bottom of the food chain, but I'm of the opinion that I don't.
CEO's need to account for their actions just like I do when something gets f'd up. My CEO received a substantial raise after we lost millions of dollars while the rest of us peons took extensive cuts. Care to explain that one to me? |
Originally Posted by jayray
(Post 595654)
Yes, because everyone knows today's CEOs started their own airlines. If I started my own airline I'd pay myself only what I needed to live on and leave everything else with the company and/or re-invest. Why isn't management today doing that?
I suspect you wouldn't work for cost either. You would take a bit paycheck like everyone else would. |
If you want to be a CEO, try to be a CEO. If you want to be a pilot, try to be a pilot. Your salary will depend on subjective negotiable performance or supply/demand, respectively.
Fair? Ehh...it's the way the it happens until it changes. |
Originally Posted by KC10 FATboy
(Post 595843)
Maybe he prevented even worse losses?
You sound exactly like our board of directors. |
Originally Posted by Lab Rat
(Post 595694)
Because most airlines are corporations and not sole proprietorships.
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