Is Parker worth it?

[buckeyefan]

Gee and what was all that heat I was taking for comments about Dougie - I keep telling you folks " Frankie with a candy coating"

Are you kidding? Night and day difference between Doug and Frankie? Did you actually work under Frankie?

 

[Awa Contract]

Bottom Line - they both line thier pockets while plundering the company's bank account. But most will sing his praise for the 50 dollar check.

 

[PhxMama]

Ive always wondered how these CEOs that reap such benefits and pay their people so little can look themselves in the mirror. All who pay poverty wages while making so much will burn in h e double hockey sticks! I always though(silly me) they were paid a salary to do a job. If the company makes a profit than all should receive a percentage bonus after making plans for a rainy day. Ever hear of 9-11? Fuel increases? As much as I think this company(which I do not work for) will survive to make a profit and pay these bonuses in the future again, all the employees hear about is the price of fuel and benfits increasing. Doug has his retirement but have many dedicated employees will not have one to look forward to? Thankfully, this industry is not where my retirement will come from. Why wouldnt the company match pay parity with US east customer service reps for 2 years? This managment team has lost all credibility when negotiating union contracts. This company has not made a profit and this money was paid. I know many are in the form of stock options but its still not the right thing to do.

 

[buckeyefan]

Bottom Line - they both line thier pockets while plundering the company's bank account. But most will sing his praise for the 50 dollar check.

I'm not saying Doug is perfect, but he is a far cry better than Frankie was. I started with HP under Frankie as a CSR and came to work every day to horrible operations and miserable morale from all employees. There is a huge difference between then and now. Of course there are those that will always be miserable.

 

[insp89]

Of course there are those that will always have their head buried in the sand, [or some other orifice]. 😉

 

[buckeyefan]

Of course there are those that will always have their head buried in the sand, [or some other orifice]. 😉

Ah always the same old reply when you don't bash the CEO.

 

[UPNAWAY]

I would think this CEO would consider raising the wages of his workers before he would cash in on stock and bonus if the company reaches performance targets.
[/quote]

Did you read the part that Doug has never sold a stock in his 10+ years?
He has only been paid his salary. If and when he sells then he will make the big bucks. If there is another BK he gets nothing.
I would rather have my CEO completed vested in the companies long term success.

 

[700UW]

He still earned more then Kelly of WN and last time I checked WN is making money and US is not.

 

[AIRWOMAN]

He still earned more then Kelly of WN and last time I checked WN is making money and US is not.

His salary is based on America West CEO title. Was AWA making money then?? I believe so. Do you know what Kelly or any other CEO is getting........salary, stock options, etc.?? I don't.

Maybe it's time to negotiate some of the same performance options into union contracts or contracts for at will employees. :unsure:

Taken from the letter to employees.
Base Salary: I was paid a base salary in 2005 of $550,000. This is the same salary I’ve had since I was named CEO of America West in 2001 and it has not been changed with the passage of time or as my responsibilities have grown at our larger, merged company.

 

[700UW]

HP was no where near profitible as WN.

WASHINGTON, April 11 (Reuters) - Low-fare carrier Southwest Airlines Co.'s (LUV.N: Quote, Profile, Research) chief executive received a 28 percent increase in compensation in 2005, according to the company's annual proxy statement filed on Tuesday.

The no-frills airline paid CEO Gary Kelly almost $405,000 in salary, plus a $275,000 bonus and about $69,000 in other compensation, according to the filing. In 2004 he was paid $322,000 in salary, a $220,000 bonus and $41,000 in other compensation.

Southwest said it pays its bonuses in January for the previous year's performance. Kelly received a $385,000 bonus earlier this year that will be part of the 2006 compensation overview to be disclosed next year.

The airline's net income in 2005 rose 75 percent to $548 million, although its stock rose only 2.2 percent.

Kelly in acquired almost 41,000 shares worth just over $418,000 in 2005 by exercising options. He still held other options worth more than $1.36 million at the end of the 2005 fiscal year, the company said in the proxy filing.

Last year he was awarded 4,322 shares with an exercise price of $14.25 and another 6,295 shares with a $16.43 exercise price, according to the filing with the U.S. Securities and Exchange Commission.

Southwest shares closed down 22 cents, or 1.3 percent, to $17.27 on the New York Stock Exchange on Tuesday.

Southwest has faced growing competition in the low-cost arena from carriers like JetBlue Airways Corp. (JBLU.O: Quote, Profile, Research) and US Airways Group Inc. (LCC.N: Quote, Profile, Research), which was created last fall by the combination of America West and US Airways.

US Airways awarded CEO Douglas Parker $3.26 million in restricted stock last year and long-term incentive pay of $1.8 million. His salary remained unchanged in 2005 at $550,000.

Unlike many airlines, Southwest has been successful at locking in fuel prices at levels lower than today's market price. The airline has said it plans to add 33 planes in 2006 to its all-Boeing 737 fleet, boosting available seats by about 8 percent.

The Dallas-based airline said last week it was seeking gates at Washington Dulles International Airport, another step to take on carriers at bigger airports. Southwest already has significant operations at Baltimore/Washington International Airport.

 

[AIRWOMAN]

HP was no where near profitible as WN.


No but obviously there are people putting their money where there mouth is when it comes to the Magic 8 Ball turning US Airways around. B)

 

[PITbull]

As quoted in the address: I received payments of $1.7 million in 2005 through our LTIP, which was put in place at America West in early 2002 as an added way to focus management on creating long-term shareholder value.

I would think this CEO would consider raising the wages of his workers before he would cash in on stock and bonus if the company reaches performance targets.
Did you read the part that Doug has never sold a stock in his 10+ years?
He has only been paid his salary. If and when he sells then he will make the big bucks. If there is another BK he gets nothing.
I would rather have my CEO completed vested in the companies long term success.

If the company goes belly up, then Dougie will experience what all the employees of the East experienced in their 401Ks twice in BK, besides them dumping all the pension plans, specifically when most of the folks were ready to retire or in retirement.

As quoted in the address: I received payments of $1.7 million in 2005 through our LTIP, which was put in place at America West in early 2002 as an added way to focus management on creating long-term shareholder value.

He, indeed, did receive payment, according to the post. In addition to that, if he would have taken the $770,000 bonus, that would have been obscene, and the East employees would have flipped out, and it would have gone public.

I did meet the guy back in October, and I sat next to him at a banquet. He was as "cold" as they get as CEO, and was not engaging or receptive on even the basic conversation level. He was typically arrogant at best! The scene was comical. Did he know who I was...YUP. Did he care? NOPE!

I personally don't give a flying $%^& what happens to Dougie's shares or whether he's cashed any. My opinion is based on past experience and what happens to the back bone of this company...AND THAT IS THE MOST VALUABLE ASSESTS... EMPLOYEES.

Remember, it doesn't matter the policy, procedures or marketing atrategies that are thought of, its how these are implemented and deliverd by the employees. If the company experiences reaching performance targets, its because the labor reached the goals and delivered consistantly to the customer!

If this basic concept is not recognized, than its deplorable, and morale specifically on the East won't change.

 

[openview]

i think its respectible he elected to openly discuss it with the employees.

That different than many companies

 

[PITbull]

i think its respectible he elected to openly discuss it with the employees.

That different than many companies

That only tells me that he understands the severity of the East's low morale on U's "bottom line", and wants to sleep at night. Unlike most of his counterparts, including those A$$holes that received promotions and jobs from the East. He has an understanding of what the past management, including Jerry G. inflicted on the employees. Having said that, one has to wonder why such a CEO that has some adimiration from his employees from the West would keep the likes of Jerry G. and Ford And Harrison (bonified union busters, anti union consultants) on the property. To negotiate what, exactly???? More concessions to line their pockets???? Time will tell their purpose for all to view.

Empathy is a good thing. So is guilt of what many of the past executives took with them in the form of bonuses and severance at the point of emergence from BK. Let's see how long he remembers his second chance at prosperity as a combined company... who and where it came from, cause it surely didn't come from the Executives that left.

 

[Dog Wonder]

Empathy is a good thing. So is guilt of what many of the past executives took with them in the form of bonuses and severance at the point of emergence from BK.

How much guilt do you think any of those past executives have?