Our CEO's Pay!
 

DALLAS (AP) -- Jeffery Smisek helped put together the world's largest airline with the merger of United and Continental, and the company rewarded him by more than tripling his compensation last year to $13.4 million.
More than half the compensation for the airline's CEO came from stock awards, including incentives for the merger that created United Continental Holdings Inc.
Smisek's 2011 compensation was disclosed in a proxy statement that the Chicago-based company filed Friday with the U.S. Securities and Exchange Commission. An analysis by The Associated Press calculates the value that the company put on compensation awarded to the CEO in that year and excludes changes in pension value, so it differs from the total that the company reports to the SEC.
Smisek, 57, was the CEO of Houston-based Continental Airlines and helped negotiate the combination with United. He was paid compensation valued at nearly $4.4 million in 2010.
Last year, Smisek was given stock awards that were valued at $7.53 million when they were granted in February 2011, including $4.4 million in merger incentives.
Smisek was paid a salary of $975,000, up from $791,250 in 2010; $4.41 million in separate incentive payments, up from $3.56 million in 2010; and $454,918 in other compensation, up from $9,766 the year before.
The other-compensation column included $241,457 for travel and relocation help, as well as $67,947 for insurance premiums paid by the company.
Other top United executives also got merger incentives that could become very valuable. The awards for Chief Financial Officer Zane Rowe, Chief Operations Officer Peter McDonald and Chief Revenue Officer James Compton were valued at $1.65 million apiece. Rowe announced this month he is leaving for Apple Inc.,

Trying to take the heat off J. Pierce. Nothing Jeff could do or make can compare to what J. Pierce and the CAL MEC did today.

What was that??

Here you go!

Welcome to America !

Pay him 50 million. I don't care!!!!
Our MECs need to get together, that's where OUR PROBLEM is.

Get unified, get a contract, live life.

If you want CEO pay, then go be one.

I care what the 1% make. Is Jeff worth 13 million for one year? The fact we don't have a contract is Jeff et.al. fault not alpas. The 1% own 47% of the wealth in this country. This is by design. The 1% have double downed their attack on labor the last ten years. More $ for them means less $ for us labor. What is amazing is how many labors sympathies with the 1%.

The issue is the mentality of this guy, (Smisek) Besides his 13 million total payout that includes bonuses and stock, his base pay is $975,000. Compared to Deltas CEO base pay of $600,000. Before he even gets any bennies he's worth 50% more than Deltas CEO while UA pilots are worth 40% less than Delta's pilots? And he is supposed to be a Leader? Dude is a piece of work, Elitest POS :mad:

Thank you for posting that!

It seems to me that many airline unions would rather live in a socialist society.I could post what pilots make on a flight attendants forum, and they would have the same response. OMG, some of these guys make 200K+ a year, that's insane, we deserve more... If you want pilot pay, then go be one. That is what you do in a capitalist society.

If you want CEO pay, then go be one.

Does FOX News ever get turned off at your house? The scary part is that you haven't even figured out which side of the war you are on. Look at executive compensation over the last decade vs. average worker pay. The excessive greed is killing our society. See 2008 if you need examples. The problem is that the ultra rich keep writing each other bigger checks. Not because they have earned it, but because they can. There is no check and balance system. And you keep defending them.

And if you want to draw a paycheck 50% higher than any other CEO, don't tell your employees you wont accept a contract that is not "fair to the company" or, "you will pay industry standard wages and not a penny more" face it, the guy would fail Leadership 101 if he were tested. Some just dont get it.

You just posted Glenn Tilton's tag line quote word for word. When we were told to take massive pay cuts, Glenn told us we needed to take the biggest cuts because we were the leaders of the airline and needed to show by example. Then he gave himself a raise. It's astonishing to me that someone who claims to be a unionist would defend this type of behavior.

My wife and I have done very well. Know why??? WE made it happen. You want to be successful, then make it happen.

I'm tired of everybody waiting for somebody else to take care of them.

YOU are responsible for YOU

Why don't you. Then you can get PS First travel like your boy Frank. Then you can laugh at all the unfortunate retirees victimized by the new pass travel program. Btw VJM flag is up. Get to work!

And my disclaimer before the flames hit: five, yes five furloughs (2 from UAL), six jobs in ten years, no family money, no trust fund, just hard work, setting goals and creating, modifying and making the plan happen.
UAL will not take care of you, the Government will not take care of you.
You create your future.
Are you better off now than ten years ago. If not, look in the mirror!
Good on JLo for negotiating a good contract for himself. Now it's OUR turn. If we could just get our "leaders" out of the playground and doing their job!

You are an idiot....

Right on!!!!!

I'm a captain at l-cal 14 years. A flight attendent at 14 years longevity can make .5 to .7 of what I make. What makes Jeff et.al worth so much more then our pilot's or FA? I don't make 70 plus times our FA salary . So tell me why ceo's should make 70 times more than captain pay. I have a four year degree, 6 type ratings, and 16000 hours of flight time like a lot of our pilots do. What's that worth?

I have just under 20,000 hours, nine type ratings and I'm a "new hire" at CAL, or so I've been told.

Life ain't fair dude.

Nobody makes it on their own, NOBODY. You "create your own future" in a society that all of us collectively contribute to, to give you those future opportunities.

We have the pay, benefits, etc because of collective bargaining, not individual bargaining. The whole "blame yourself" argument is pure bull$it.

Yes, you are right. Life is not fair. I've been more lucky than good throughout my career, but that doesn't mean I'm not going to fight for what I think is fair. Why don't we get rid of the union and every pilot negotiate their own contract and seniority number. Lets see how well that goes. Unions were created because of the unjust treatment and lack of fairness for the worker. Socialism and Communism is a result of unjust treatment of people. So I'm a believer in responsible capitalism (some fairness). These people you (47 Dog) seem to be defending are the ones that through you out on the street. I'm not saying companies shouldn't have the right to furlough if needed, but UAL flushed. Meanwhile Glenn kept getting his.....

In this manipulated compensation profession, exactly, although individual behavior
is still critical to ensure alignment of the group to maximize its bargaining position.
You can bet that if doctors, lawyers and yes, management executives
had to go back to first year grad. school pay when leaving their current employer,
because the employers were in collusion to force it to happen profession wide,
there would be significant lawsuits and battles over changing the behavior.
But here we are, with some still confused that this is a collective process in our profession.
The JRM people are a sad example.
The fact that some brag openly about it is disgusting, besides being detrimental to the unity and force of the pilot group.

Are you aware that there are gardeners that worry that YOU are making too much money and if YOU weren't paid so much, they could buy a cheaper plane ticket. I recommend you spend less time worrying about how much your neighbor makes or the 1% and spend MORE time worrying about doing what it takes to make YOU more money. I would start with a unified pilot group worrying about things that matter, like why WE don't have a contract yet. Jeff's paycheck is all about what he is able to negotiate not a penny more.

You are a Marxist

As long as your focus is on Jeff and others at this company who get the compensation they think they deserve, you will never get the compensation you deserve.

Keep watching fox news and listening to rush limbaugh. Those outlets will keep telling you what to think.

Keep listening to Keith Oberman and Rachal Maddow and The Ed Show, so you will know how to think.

How sad that my post providing information got so many rabid comments. Are we all members of the same profession and the same union? Seems not to me. Some of you may be 'SIT'.