One of the nation's best run airline's CEO makes under a million dollars (Southwest Airlines). An airline's CEO, whose company is set to emerge from bankruptcy protection next month, wants to give money back to employee groups (Delta Air Lines). So what makes the CEO of UAL Corp's (UAUA) United Airlines, Glenn Tilton, more special than these CEO's? Apparently he deserves it after navigating the company through 3 years of bankrutpcy and helping the company emerge stronger.
In papers filed with federal regulators, Tilton received a salary over $600,000 dollars, but also received such perks as a car and driver, and stock options valued at $38 million.
Most of his compensation - roughly $38 million - came in the form of stock options and awards, which vest over a four-year period and could be worth more or less depending on the share price at the time they are exercised.
I'm sure these documents are sitting quite well with United Airline's employees after they took steep cut in pay and benefits. CEO's do not deserve this much money. Especially Tilton. The man didn't have to pay for a car. He didn't have to pay for travel. A lot more CEO's run airlines out there on far less pay. I am sure a lot of employees at the airline could live off what Tilton makes in one year.
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