Cost Neutral Cost Does NOT include MGMT

[Crzipilot]

US Airways Group Sets President's Pay
AP
WASHINGTON (AP) - US Airways Group Inc. said it will pay a $490,000 salary to J. Scott Kirby, the airline's new president.

US Airways said in a filing Tuesday with the Securities and Exchange Commission that Kirby also received 75,000 stock appreciation rights and three performance-based awards whose amount will be determined based on the company's total shareholder return, versus those of competitors.

Kirby's stock appreciation rights carry a $46.11 exercise price - the market price on the date of the grant - and vest in equal installments over the next three years, the company said.

The Tempe, Ariz.-based company announced last week that it promoted Kirby, who had served as executive vice president of sales and marketing, to the position of president.

As executive vice president, Kirby received $395,833 in salary for 2005, according US Airways' most recent proxy.

Separately, US Airways said it increased Chief Financial Officer Derek J. Kerr's salary to $315,000. The company didn't provide Kerr's previous salary in Tuesday's filing. For 2005, Kerr received $275,000 in salary, according to the company's proxy.

 

[TheNewUSAirways]

US Airways Group Sets President's Pay
AP
WASHINGTON (AP) - US Airways Group Inc. said it will pay a $490,000 salary to J. Scott Kirby, the airline's new president.

US Airways said in a filing Tuesday with the Securities and Exchange Commission that Kirby also received 75,000 stock appreciation rights and three performance-based awards whose amount will be determined based on the company's total shareholder return, versus those of competitors.

Kirby's stock appreciation rights carry a $46.11 exercise price - the market price on the date of the grant - and vest in equal installments over the next three years, the company said.

The Tempe, Ariz.-based company announced last week that it promoted Kirby, who had served as executive vice president of sales and marketing, to the position of president.

As executive vice president, Kirby received $395,833 in salary for 2005, according US Airways' most recent proxy.

Separately, US Airways said it increased Chief Financial Officer Derek J. Kerr's salary to $315,000. The company didn't provide Kerr's previous salary in Tuesday's filing. For 2005, Kerr received $275,000 in salary, according to the company's proxy.

Sure, it sucks that executives get such high pay (that's the way it is at every company). But since the total number of executives is now lower, these raises probably keep the total executive salaries cost neutral . if not lower than before.

 

[john john]

But since the total number of executives is now lower, these raises probably keep the total executive salaries cost neutral . if not lower than before.

The total number of agents is now lower
RAISES FOR ALL AGENTS

 

[N924PS]

Sure, it sucks that executives get such high pay (that's the way it is at every company). But since the total number of executives is now lower, these raises probably keep the total executive salaries cost neutral . if not lower than before.

Using the same logic, then every pilot should get a raise as retirement and other attrition reduce the number of pilots on the property. Same cost spread over fewer employees remaining cost neutral.

What do you think?

 

[JAXPax]

This sounds just about right for the president position at a company the size of US Airways. In other industries, this would be low, and after a couple of years (assuming US Airways stays on the same relatively positive track) he could probably jump ship and make twice that somewhere else.

 

[staffing sux]

WASHINGTON (AP) - US Airways Group Inc. said it will pay a $490,000 salary to J. Scott Kirby, the airline's new president.

US Airways said in a filing Tuesday with the Securities and Exchange Commission that Kirby also received 75,000 stock appreciation rights and three performance-based awards whose amount will be determined based on the company's total shareholder return, versus those of competitors.

Kirby's stock appreciation rights carry a $46.11 exercise price -- the market price on the date of the grant -- and vest in equal installments over the next three years, the company said.

The Tempe, Ariz.-based company announced last week that it promoted Kirby, who had served as executive vice president of sales and marketing, to the position of president.

As executive vice president, Kirby received $395,833 in salary for 2005, according US Airways' most recent proxy.

Separately, US Airways said it increased Chief Financial Officer Derek J. Kerr's salary to $315,000. The company didn't provide Kerr's previous salary in Tuesday's filing. For 2005, Kerr received $275,000 in salary, according to the company's proxy.

© 2006 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 

[1lcc]

Just Remember Cost neutral!!!! This is what Doug wants all the workers that MAKE US FLY to believe.

 

[FWAAA]

Cost Neutral Cost Does NOT include MGMT

How do you know that Kirby's pay is NOT cost neutral?

He got a seat upgrade from ExecVP to Pres. Like moving from the right seat to the left - so of course it pays more. What matters is how much the Pres made last year.

 

[Dog Wonder]

How do you know that Kirby's pay is NOT cost neutral?

He got a seat upgrade from ExecVP to Pres. Like moving from the right seat to the left - so of course it pays more. What matters is how much the Pres made last year.

Looks like two people sitting in the right seat at the same time.

 

[Lovethesun]

WASHINGTON (AP) - US Airways Group Inc. said it will pay a $490,000 salary to J. Scott Kirby, the airline's new president.

US Airways said in a filing Tuesday with the Securities and Exchange Commission that Kirby also received 75,000 stock appreciation rights and three performance-based awards whose amount will be determined based on the company's total shareholder return, versus those of competitors.

Kirby's stock appreciation rights carry a $46.11 exercise price -- the market price on the date of the grant -- and vest in equal installments over the next three years, the company said.

The Tempe, Ariz.-based company announced last week that it promoted Kirby, who had served as executive vice president of sales and marketing, to the position of president.

As executive vice president, Kirby received $395,833 in salary for 2005, according US Airways' most recent proxy.

Separately, US Airways said it increased Chief Financial Officer Derek J. Kerr's salary to $315,000. The company didn't provide Kerr's previous salary in Tuesday's filing. For 2005, Kerr received $275,000 in salary, according to the company's proxy.

© 2006 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Glad to see that this new management has better morals than our last ones. Stand up and be proud! Not!

 

[robbedagain]

all of their freakin dough could go towards all of the employees whether furloughed or not who have scraficied everything to keep the old usair flying but instead mgmt just does their same ol usual sh!t :down: :down:

 

[Fly4Free]

Glad to see that this new management has better morals than our last ones. Stand up and be proud! Not!

If you were an executive, would you say the same thing?

 

[Diamondbacks2004]

http://www.usairways.com/common/resources/...os/kirby_LG.jpg

US Airways sets new president's salary at $490,000.
courtesy of Dow Jones/Associated Press
Oct. 4, 2006 08:29 AM

WASHINGTON - US Airways Group Inc. said it will pay a $490,000 salary to J. Scott Kirby, the airline's new president.

US Airways said in a filing Tuesday with the Securities and Exchange Commission that Kirby also received 75,000 stock appreciation rights and three performance-based awards whose amount will be determined based on the company's total shareholder return, versus those of competitors.

Kirby's stock appreciation rights carry a $46.11 exercise price - the market price on the date of the grant - and vest in equal installments over the next three years, the company said.

The Tempe, Ariz.-based company announced last week that it promoted Kirby, who had served as executive vice president of sales and marketing, to the position of president.

As executive vice president, Kirby received $395,833 in salary for 2005, according US Airways' most recent proxy.

Separately, US Airways said it increased Chief Financial Officer Derek J. Kerr's salary to $315,000. The company didn't provide Kerr's previous salary in Tuesday's filing. For 2005, Kerr received $275,000 in salary, according to the company's proxy.

 

[Fly4Free]

http://www.usairways.com/common/resources/...os/kirby_LG.jpg

US Airways sets new president's salary at $490,000.
courtesy of Dow Jones/Associated Press
Oct. 4, 2006 08:29 AM

WASHINGTON - US Airways Group Inc. said it will pay a $490,000 salary to J. Scott Kirby, the airline's new president.

US Airways said in a filing Tuesday with the Securities and Exchange Commission that Kirby also received 75,000 stock appreciation rights and three performance-based awards whose amount will be determined based on the company's total shareholder return, versus those of competitors.

Kirby's stock appreciation rights carry a $46.11 exercise price - the market price on the date of the grant - and vest in equal installments over the next three years, the company said.

The Tempe, Ariz.-based company announced last week that it promoted Kirby, who had served as executive vice president of sales and marketing, to the position of president.

As executive vice president, Kirby received $395,833 in salary for 2005, according US Airways' most recent proxy.

Separately, US Airways said it increased Chief Financial Officer Derek J. Kerr's salary to $315,000. The company didn't provide Kerr's previous salary in Tuesday's filing. For 2005, Kerr received $275,000 in salary, according to the company's proxy.

THIS IS A DUPLICATE POST?!

 

[Henderfuzz]

Just Remember Cost neutral!!!! This is what Doug wants all the workers that MAKE US FLY to believe.

Yes cost neutral Yea right.
Just like the slogans Ive seen floating around.
Cost Neutral means Effort Neutral.
All of us in the field are working so short I cannot even imagine what the holidays are going to be like with all this short staffing.
Hay Doug wakeup lets get the pay thing fixed or its going to be a long long holiday.