Airline Industry CEO Pay
11-01-2022, 05:47 PM
#1
Gets Weekends Off
Thread Starter
Joined APC: Sep 2014
Posts: 4,995
Airline Industry CEO Pay
“Asked of Bastian’s leading compensation in the sector, a Delta spokesperson emphasized the Atlanta-based carrier’s ‘pay for performance’ philosophy for not only management but across its work groups.”
Anyone feel like you’re being paid for performance? In 2021:
Ed made 176 times the staff median at Delta.
Kirby made 126 times the staff median at United.
Parker made 115 times the staff median at AA.
Kelly made 69x (harrumph) the staff median at SWA.
Sailing tells us we’re the least productive pilots in the world. Is that why Ed gets a 40% compensation factor boost over the nearest peer (26% more in dollars), or 150% over SWA (114% in dollars)? It would appear there’s a pretty wide zone of reasonableness in this industry. I guess it pays to outsource, and it pays to negotiate in bad faith.
No wonder Ed doesn’t respect the peasants.
Welp…whatever you do, don’t let NPS suffer. Unless something has changed, that’s at least partially how Ed’s bonus is determined.
https://skift.com/2022/06/23/the-hig...-airline-ceos/
Anyone feel like you’re being paid for performance? In 2021:
Ed made 176 times the staff median at Delta.
Kirby made 126 times the staff median at United.
Parker made 115 times the staff median at AA.
Kelly made 69x (harrumph) the staff median at SWA.
Sailing tells us we’re the least productive pilots in the world. Is that why Ed gets a 40% compensation factor boost over the nearest peer (26% more in dollars), or 150% over SWA (114% in dollars)? It would appear there’s a pretty wide zone of reasonableness in this industry. I guess it pays to outsource, and it pays to negotiate in bad faith.
No wonder Ed doesn’t respect the peasants.
Welp…whatever you do, don’t let NPS suffer. Unless something has changed, that’s at least partially how Ed’s bonus is determined.
https://skift.com/2022/06/23/the-hig...-airline-ceos/
11-01-2022, 06:09 PM
#2
Gets Weekends Off
Joined APC: Nov 2020
Position: Enoch Powell Enthusiast
Posts: 2,283
Isn’t Ed the highest paid US airline CEO?
Didn’t Delta refuse government loans because it didn’t want to be restricted from repurchasing company stock….which primarily is done to pad executive compensation by raising the value of their stock options? (Instead of rewarding employees, capital investments, or shareholder stock dividends)
I don’t know. But if it’s true, ALPA really needs to hammer these points relentlessly with every press release.
Didn’t Delta refuse government loans because it didn’t want to be restricted from repurchasing company stock….which primarily is done to pad executive compensation by raising the value of their stock options? (Instead of rewarding employees, capital investments, or shareholder stock dividends)
I don’t know. But if it’s true, ALPA really needs to hammer these points relentlessly with every press release.
11-01-2022, 07:45 PM
#3
Gets Weekends Off
Joined APC: Dec 2012
Position: Supreme Allied Commander
Posts: 1,074
Been tough time for Ed. I think his $12M is still down from his $17M in 2019.
"The current estimated net worth of Delta Air Lines, Inc's Chief Executive Officer, Edward H Bastian, is estimated to be about $118.93M. Edward H Bastian owns about 399,212 units of Delta Air Lines, Inc common stock. In the last 15 years at Delta Air Lines, Inc, Edward H Bastian has sold an estimated value of $145.01M worth."
https://www.benzinga.com/sec/insider-trades/dal/edward-h-bastian
"The current estimated net worth of Delta Air Lines, Inc's Chief Executive Officer, Edward H Bastian, is estimated to be about $118.93M. Edward H Bastian owns about 399,212 units of Delta Air Lines, Inc common stock. In the last 15 years at Delta Air Lines, Inc, Edward H Bastian has sold an estimated value of $145.01M worth."
https://www.benzinga.com/sec/insider-trades/dal/edward-h-bastian
Thread
Thread Starter
Forum
Replies
Last Post
