and what do the emps get

[jets_2573]

Friday, November 30, 2007 - 2:15 PM EST
US Airways execs ink compensation pacts
The Business Journal of the Greater Triad Area
US Airways Group Inc. Chief Executive Doug Parker and other senior executives have signed new compensation agreements with the airline to provide benefits in the event of a takeover or a merger that involves more than 50 percent of the voting power of the company.
Under the agreements, top executives of the Tempe, Ariz.-based airline (NYSE:LCC) are entitled to payments equal to at least twice their annual base salaries, or 200 percent for President Scott Kirby and Chief Operating Officer Robert Isom, according to a filing with the Securities and Exchange Commission.
Several executives previously had change-of-control pacts with the company.
US Airways has its largest hub at Charlotte/Douglas International Airport.

 

[A/C FIXER]

Friday, November 30, 2007 - 2:15 PM EST
US Airways execs ink compensation pacts
The Business Journal of the Greater Triad Area
US Airways Group Inc. Chief Executive Doug Parker and other senior executives have signed new compensation agreements with the airline to provide benefits in the event of a takeover or a merger that involves more than 50 percent of the voting power of the company.
Under the agreements, top executives of the Tempe, Ariz.-based airline (NYSE:LCC) are entitled to payments equal to at least twice their annual base salaries, or 200 percent for President Scott Kirby and Chief Operating Officer Robert Isom, according to a filing with the Securities and Exchange Commission.
Several executives previously had change-of-control pacts with the company.
US Airways has its largest hub at Charlotte/Douglas International Airport.

The employees get bent over and get shafted, no vaseline or k-y jelly as usual.

 

[KCFlyer]

The employees get bent over and get shafted, no vaseline or k-y jelly as usual.

Hey, it could be worse...several years ago, Sprint was planning to merge with MCI...in the proposal given to shareholders, execs were immediately full vested in all of their stock options upon shareholder approval of the merger...not completion of the merger...just approval. Well...shareholders approved the merger, but it didn't happen. But most of the execs, with their newfound millions, left 'to pursue other opportunities'. Shortly thereafter, Sprint began the first of about 20,000 layoffs.