Botas

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.,

WarWagon

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.

thruthemurk

What was that??

WarWagon

Here you go!

47dog

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.

MXDUDE

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%.

iadfo

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

iahflyr

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.

gettinbumped

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.

iadfo

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.