Merger Watch

2009 Executive Compensation Chart

Latest Executive Compensation News

Compensation of United Airlines CEO more than triples to $13.4 million

April 28, 2012 - Media Article

What will victory look like for Occupy Wall Street?

October 14, 2011 - Media Article

Why Labor Backs 'Occupy Wall Street'

October 12, 2011 - Media Article

Highest-Paid CEOs Often Earn More Than Company Pays In Income Taxes, Study Finds

August 31, 2011 - Media Article

pigs in ChicagoKey Employee Retention Program

During the bankruptcy, United management filed for three different Key Employee Retention Programs (KERP) which were billed as programs to keep certain management employees from leaving United during the bankruptcy.  AFA fought each of the filings in the bankruptcy court and succeeded in obtaining a limit to the bonus amounts, although the court ultimately approved each of the bonus programs.  Management received bonuses shortly after the approval of these programs and will receive the rest of these bonuses upon exit from bankruptcy.  In total over $35 million dollars has been and will be paid to select members of management – many of whom are responsible for bringing United into bankruptcy. 

shared rewards"Current executives’ promise of "shared reward" rings hollow as they have profited with increased pay, bonuses and stock while workers continue to experience the affects of sacrifice." -- Greg Davidowitch.

United Union Coalition Demands Shared Rewards

As a start, management must make immediate tangible improvements to:

  • compensation,
  • success sharing program,
  • quality of work-life issues, and
  • move-up Contract bargaining dates.
  • FULL STATEMENT >

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