lasttoboard
Member
- Jan 7, 2005
- 69
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Brace to Get Parting Gift of $2.4 Million
United said in an SEC filing late Friday that Jake Brace, United Airlines' CFO, will be paid $2.42 million after he retires at the end of the month.
Brace will receive two times his $653,125 salary and $555,156 target bonus.
In exchange, Brace agrees not to take a position with a competing airline for the next two years "without consent of the company." (No, I'm not saying a word, although the temptation is great.)
It's so nice that Jake will be paid this lovely parting gift. Dontcha think? I'd hate to think he was going to leave the airline empty-handed.
United said in an SEC filing late Friday that Jake Brace, United Airlines' CFO, will be paid $2.42 million after he retires at the end of the month.
Brace will receive two times his $653,125 salary and $555,156 target bonus.
In exchange, Brace agrees not to take a position with a competing airline for the next two years "without consent of the company." (No, I'm not saying a word, although the temptation is great.)
It's so nice that Jake will be paid this lovely parting gift. Dontcha think? I'd hate to think he was going to leave the airline empty-handed.
