http://www.nytimes.com/2015/09/09/bu...=top-news&_r=0
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Yikes. Oscar Munoz new CEO as of today.
The Golden Parachute
Mr. Smisek will receive a separation payment of $4,875000 paid as a lump sum.
60,746 shares of United stock in restricted share awards, worth about 3.5 million
Health coverage (until he becomes eligible for Medicare)
Lifetime Flight benefits and free airport parking ( plus the cash to cover taxes on those benefits)
A couple more odds and ends
And he can keep the company car.
WOW, indeed
Smisek resigns as chairman, president and CEO of United Airlines, effective immediately | | Dallas Morning News
Lifetime flight benefits. Mmmmm. Wonder what his standby priority will be
Wouldn't that be a Platinum Chute?Quote:
Originally Posted by Migflanker
I don't know about United - but the industry standard was "+POSITIVE+" space for the individual and family.Quote:
Originally Posted by frapos
But then I certainly would not like to be in his shoes as the instigator of "Flightgate" travel for the good ole
boy of the NY-NJ Port Transit Authority to CAE (Columbia SC) for whatever under the table favors offered.
This has yet to come before a Congressional Commission or other authority. The news media making hay of this.
With the way UA was being run it is going to take a railroad executive to get it back on the right track !