Originally Posted by checkgear

Quote taken from yesterdays 8K filing:

”…the Compensation Committee of the Company’s Board of Directors also approved adjustments to other named executive officers, effective July 1, 2024, as follows: (i) for Mr. Ted Christie, President and CEO, annual base salary will be increased to $950,000; (ii) for Mr. John Bendoraitis, Executive Vice President and Chief Operating Officer, annual base salary will increase to $650,000, annual target short-term incentive (“STI”) will increase to 100% of base salary, and annual target LTI grant value will increase to $1,500,000; (iii) for Mr. Matthew Klein, Executive Vice President and Chief Commercial Officer, annual base salary will increase to $525,000, annual target STI will increase to 100% of base salary, and annual target LTI grant value will increase to $1,250,000; and for Mr. Rocky Wiggins, Senior Vice President and Chief Information Officer, annual base salary will increase to $500,000, annual target STI will increase to 80% of base salary, and annual target LTI grant value will increase to $750,000.”

Originally Posted by StoneQOLdCrazy

it's probably an incentive for them to stick around to provide some continuity during a potential bankruptcy.

Originally Posted by StoneQOLdCrazy

it's probably an incentive for them to stick around to provide some continuity during a potential bankruptcy.

Originally Posted by Nighthound

This definitely can be used as a pressure card to play againist furloughs, but will the union take advantage of it and actually do something, or just send an email out to rub it on our faces!!

Originally Posted by putzin

Honestly, unfortunately, the furloughs need to happen and probably a few months back. I can't figure out what the advantage to our reserve staffing was over the last several months. The pay raises though sure as hell shouldn't have happened for those clowns.

Originally Posted by JulesWinfield

lol, you can't make this stuff up. They run the airline into the ground and get a raise as they furlough employees.

Originally Posted by LizzyBorden

Did they really run it into the ground though? Look at the grand scheme of things over the last 6 years and there was plenty that happened that has got things where they are today. Frankly, this style of business model skates a razor thin line. One or two little hiccups that distrupts the apple cart and it can be catostrophic.

Originally Posted by LizzyBorden

Did they really run it into the ground though? Look at the grand scheme of things over the last 6 years and there was plenty that happened that has got things where they are today. Frankly, this style of business model skates a razor thin line. One or two little hiccups that distrupts the apple cart and it can be catostrophic.