CEO's and Bonuses
03-15-2010 | 07:02 PM
#1
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CEO's and Bonuses
(CBS) The traditional pension is quickly becoming an endangered species. But today, a government report found some executives have gotten huge retirement packages, even as their companies were dumping employee pension plans onto taxpayers as CBS News correspondent Sharyl Attkisson reports.
At the very same time pensions were drying up for 122,000 United Airlines workers, its top executives were cutting deals to make their own golden years comfortable and secure.
CEO Glenn Tilton, CFO Frederic Brace and COO Peter McDonald together got $7.6 million worth of retirement benefits in four years - from 2002 to 2006 - and earned a combined $55.5 million compensation, with perks like a car and driver and country club memberships.
At the very same time pensions were drying up for 122,000 United Airlines workers, its top executives were cutting deals to make their own golden years comfortable and secure.
CEO Glenn Tilton, CFO Frederic Brace and COO Peter McDonald together got $7.6 million worth of retirement benefits in four years - from 2002 to 2006 - and earned a combined $55.5 million compensation, with perks like a car and driver and country club memberships.
03-15-2010 | 07:10 PM
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From: CRJ FO
(CBS) The traditional pension is quickly becoming an endangered species. But today, a government report found some executives have gotten huge retirement packages, even as their companies were dumping employee pension plans onto taxpayers as CBS News correspondent Sharyl Attkisson reports.
At the very same time pensions were drying up for 122,000 United Airlines workers, its top executives were cutting deals to make their own golden years comfortable and secure.
CEO Glenn Tilton, CFO Frederic Brace and COO Peter McDonald together got $7.6 million worth of retirement benefits in four years - from 2002 to 2006 - and earned a combined $55.5 million compensation, with perks like a car and driver and country club memberships.
At the very same time pensions were drying up for 122,000 United Airlines workers, its top executives were cutting deals to make their own golden years comfortable and secure.
CEO Glenn Tilton, CFO Frederic Brace and COO Peter McDonald together got $7.6 million worth of retirement benefits in four years - from 2002 to 2006 - and earned a combined $55.5 million compensation, with perks like a car and driver and country club memberships.
03-15-2010 | 07:19 PM
#3
Are we there yet??!!
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I keep telling myself that I went into the wrong end of the biz.
I need to get one of those jobs were you can screw up and loose millions on millions of dollars and still get a bonus.
Glen Tilton, short term thinking at its finest only second to Gangwal
I need to get one of those jobs were you can screw up and loose millions on millions of dollars and still get a bonus.
Glen Tilton, short term thinking at its finest only second to Gangwal
03-15-2010 | 11:25 PM
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Sadly, they've managed to turn the M into a B and lose billions and billions..., and get rewarded with tens of millions for their poor performance!!!
03-16-2010 | 04:11 AM
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I personally think these poor CEOs are grossly underpaid. I mean, do you have any idea what a lifetime country-club membership runs these days? And please don't even get me started on the upkeep of the yacht and second beachfront mansion. That is some serious overhead. Maybe we should all chip in so they can at least keep their wives Bloomingdales charge accounts in good standing.
NOTE: EXTREME SARCASM!!
NOTE: EXTREME SARCASM!!
Last edited by toomanyrjs; 03-16-2010 at 04:12 AM. Reason: Poor spelling
03-16-2010 | 06:56 AM
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From: Furloughed
To add to it. Alaska CEO: just shy of $4.3 million with 198 furlougheed between AS/QX. Also they just cut 14 marketing jobs and are trying to push a "lean" workforce. AKA: doing the most with the least.
03-17-2010 | 04:30 AM
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Your forgetting you need to "sell your sole to the devil" and if your willing to do that,then you are qualified for the position.
