crewdawg52

Name & Position Year Salary Bonus Other Annual Compensation* Restricted Stock Awards LTIP** Payouts All Other Compensation Total Compensation
Doug Steenland,
CEO and President 2005 $571,354 (salary) $79,004 (other comp)
$692,100 (restricted stock)
$2,241,726 (long term incentive plan)
$144,463 (all other total comp)
$3,728,647 TOTAL FOR 2005

2004 $472,649 $71,040 $2,964,000 $769,216 $144,575 $4,421,480
2003 $500,000 $170 $1,415,700 $192,200 $10,000 $2,118,070
2002 $500,000 $200,000 $57,103 $1,436,100 $75,000 $2,268,203


And he and his croonies are crying bankrupcy! What hogwash!!!!

shiftwork

Lead from the front eh?

OldAg84

Get used to it! I've worked for small. start-up companies and Fortune 500 firms. I've been through an IPO and a near IPO. Leadership is almost non-existant (SP). I've seen "projects" put through after middle management said "NO!" for a number of valid reasons. Why? The manager had "leaderships" ear. Literally, how to double a $400,000 expense with no return. Plus, the individual had a company paid trip to Duke MBA School as a plus.

Yes. It's lead from the rear, alright- with certain parties in front, bent over. Paddle harder, I hear banjo music!.

IXLR8

Come on Crewdawg,
These guys need this kind of pay in order to stay at the airline, otherwise these brilliant leaders would all leave....sheeez!!

ryane946

We live in a capitalist society. Anyone is qualified to be a CEO (you don't even have to pass a medical!). My suggestion, if you are somewhat jealous of a CEO's salary, is you should pursue that career. But take my advice, it is a hell of a lot harder than getting a good flying job.

I am playing devil's advocate here to illustrate a point. Imagine we were all mechanics on this forum. How would you like mechanics to be complaining about how most FedEx captains take in between $170,000 and $210,000 a year. Or how guys who have been with United and Continental for 20 years take in near $180,000. You would probably be upset. You would start to argue about how you generate lots of revenue. How you actually work more than the 20 hours a week you are paid for. How you are responsible for the safe outcome of the flight, etc...

But the truth is being a CEO is actually a hard job. There is no doubt in my mind you put in more hours. Your job has a much larger impact on the company. You actually take your job home with you!

EagleDriver

Being a CEO is a hard job? I disagree. Getting to the CEO position is the hard job. Lots of hard work, and kissing up to get there. Once you're annointed, pay is guaranteed no matter how poorly you perform. Witness the first post, $12.5 million over a few years to turn NWA into bankruptcy. Hell, I coulda donna dat and I donna even gotta no stinkin' MBA!!!

Airline execs are just the tip of the iceberg for excessive pay for incompetence. Airlines typically attract the bottom of the barrel from the executive ranks so their excessive pay packages are less lucrative than in other industries. For instance, John Chambers CEO of Cisco Systems has legally stolen an average $53 million a year for the last five years and Cisco has lost market share and lost money for it's shareholders each of those years.

HeavyDriver

It's not what your worth...It's what you negotiate...Should an actor get 20 million for a movie?...or a million dollars for one show of a sitcom?...NO!...It's what they negotiated...An art the Airlines Unions have lost.

IronWalt

You get paid based on two factors:

1. The economic impact that your skills are expected to have upon the future financials of the company.
2. Your negotiating skills

Brav989

What would happen if all the airlines got together (legacy/major/regional) and every single pilot went on strike and refused to fly?

WAVIT Inbound

From what I have heard from those in the ranks, hell might have a better chance of freezing over.