Rewarding bad behavior

[nostradamus]

Good Article .

"They then feathered their retirement nest by receiving administrative credit for more than 20 years that they weren't actually on the job. The CEO, Stephen Wolf, left the company with a $15 million pension cash-out just six months before US Airways declared bankruptcy."

 

[lithuanian]

Lord! Love a Duck! Everyone has their number but no one seems to be able to touch them! Time for writing our senators, ya think.

 

[sharktooth]

Good Article .

"They then feathered their retirement nest by receiving administrative credit for more than 20 years that they weren't actually on the job. The CEO, Stephen Wolf, left the company with a $15 million pension cash-out just six months before US Airways declared bankruptcy."

I think the hard part for a lot of employees is to understand that the company was never really in financial straits. Proceeding from that initial, erroneous assumption has led to quite a few genuine questions about why these guys are getting giant rewards.

If one objectively looks at the facts, not the spin put out by the Glasses and various and sundry "company" sycophants, one should be able to understand the rewards. It actually makes sense that those who negotiated such "savings" should be rewarded. Those who did really well should be well rewarded. Presuming a rational board, it indicates that, indeed, the U employee has allowed themselves to be swindled, giving orders of magnitude more than the company ever needed, even for a quick boost.