First the travel pass bennies. A no brainer. Give travel workers the benefit expected to go with the job. And we weren't even asked to GIVE UP SOMETHING to get it. How refreshing. Now we have a pledge to tie executive compensation to labor's wages. One again, how refreshing. It's nice not be be called "another heavy brick in the backpack" and be talked down to on how we all "don't understand executive compensation". Good riddance Centreport. http://www.dallasnews.com/business/columnists/mitchell-schnurman/20130218-us-airways-ceo-doug-parker-vows-to-keep-executive-pay-in-check.ece US Airways CEO Doug Parker vows to keep executive pay in check Mitchell Schnurman email@example.com Published: 18 February 2013 09:14 PM Doug Parker made all the right moves to win over American Airlines’ unions. Now, he has plans to constrain executive pay, too. He proposes that execs for the new American be paid below the industry standard for as long as the rank and file is lagging. American’s labor contracts call for matching pay rates with Delta and United after 36 months, and executive targets would rise in tandem. “What I believe is that so long as the employees of American Airlines aren’t being paid the same as Delta and United, which they won’t be at the time of the merger, the management should not be,” Parker said in a brief interview before last week’s news conference. “That would be my recommendation to the board. So we’ll see how that goes.” It should go pretty well, and not just because Parker will chair the board after the merger closes in the third quarter. It’s a nice gesture to align employees and executives, even though the latter sometimes get paid millions. At least they’ll be moving in the same direction. In 2006, executive pay caused a firestorm at American, after million-dollar stock awards kicked in while the airline was losing money and workers were reeling from deep cuts. Management appeared to be profiting at the expense of employees, and that impression poisoned relations for years. Parker wants to avoid that trap, along with another pay controversy. About 250 US Airways execs have change-in-control provisions that accelerate the vesting of stock awards and provide severance payments of one to two times annual salary. Those who lose their jobs will get both benefits. But Parker is asking the others to waive the equity acceleration, even though it’s in their contract. That’s a big potential windfall, given the rise in US Airways’ stock price. Their soon-to-be colleagues from bankrupt American don’t have a similar upside, so it might create resentment. And cashing in when the merger closes sends the wrong message to everyone. The real prize is what happens after merger day.