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Flatspin 03-15-2010 07:02 PM

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.

STINKY 03-15-2010 07:10 PM


Originally Posted by Flatspin (Post 779225)
(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.

DISGUSTING

Thedude 03-15-2010 07:19 PM

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

Paid2fly 03-15-2010 11:25 PM


Originally Posted by Thedude (Post 779242)
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








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!!!

sinsilvia666 03-15-2010 11:51 PM

need to bring back the days of angry mobs

toomanyrjs 03-16-2010 04:11 AM

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!!

FL410 03-16-2010 06:56 AM

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.

BobBinkie 03-16-2010 08:26 AM

Or the price to have 24 hour security to protect you from old employees you shafted and stolen their retirements from.

Rider850 03-17-2010 04:30 AM


Originally Posted by Thedude (Post 779242)
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

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.

KingAirPIC 03-17-2010 08:02 AM


Originally Posted by sinsilvia666 (Post 779291)
need to bring back the days of angry mobs

What do you think this place is? All we need is digital pitchforks and torches.


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