JUN 19 - On Friday afternoon, June 13th United executives announced they would give a presentation at the Merrill Lynch Global Transportation Conference 2008 at the Merrill Lynch Headquarters near Wall Street.
JUN 17 - As the American economy slowed to a crawl and stockholders watched their money evaporate, CEO pay still chugged to yet more dizzying heights last year, an Associated Press analysis shows.
JUN 12 - Flight Attendants, Pilots and other workers shout, "Glenn's Gotta Go," as the UAL BOD fails to avoid picketers by hurrying in through the service entrance. Full Story >
JUN 12 - The annual meeting for United Airlines turned raucous on Thursday, as frustrated workers shouted questions at the chief executive and booed and hissed when the directors were re-elected.
JUN 10 - Pick through the slag heap of the nation's big network carriers and it's easy to find the worst of the worst: United Airlines.
JUN 5 - Continental Airlines Inc said on Thursday it would cut 3,000 jobs, or about 6.5 percent of its work force, and retire 67 older planes as it scales down in the face of soaring fuel prices.
JUN 4 - Shareholder advisory service Proxy Governance Inc said on Wednesday it recommended that shareholders vote against United Airlines parent UAL Corp's 2008 incentive compensation plan, which reserves 8 million shares for issuance.
JUN 3 - A coalition of unionized United Airlines employees representing 89 percent of the airline’s workforce has called on parent UAL Corp. to grant shareholders a say on future decisions regarding executive compensation.
MAY 30 - The "say on pay" movement isn't saying as much as some people had hoped. So far this year, most proposals to let shareholders make nonbinding "approve" or "disapprove" votes on executive compensation are failing, and some are getting even less support than they did last year.
MAY 25 - Most chief executives continue to enjoy lavish pension plans -- on top of their multimillion-dollar pay packages and sundry other perks.
MAY 21 - American Airlines pilots and flight attendants are taking their protest against management to the shareholders who own the company.
MAY 13 - If you own UAUA Common Stock, either directly or through your 401(k), you can vote or direct the trustee how to vote your UAUA shares on the matters brought before the shareholders at the annual UAL Stockholder Meeting on June 12, 2008.
MAY 8 - In November of 2006, Aflac (AFL) Chairman and Chief Executive Officer Dan Amos received a surprise proposal from one of the company's shareholders. Boston Common Asset Management, the socially responsible investment fund, presented the Columbus (Ga.) insurer with a "say-on-pay" proposal, a new trend in shareholder activism in the U.S. at the time.
MAY 3 - Another pay controversy has erupted at United Airlines, as the carrier prepares to set aside stock worth about $130 million to fund a new incentive plan for executives. Shareholders will vote on a proposal to set aside 8 million shares to fund the incentive plan. UAL's board approved the measure March 20, according to a Securities and Exchange Commission filing.
APR 29 - Say-on-pay proposals, which give shareholders a non-binding advisory vote on executive compensation, failed at Citigroup Inc.,Merrill Lynch & Co., Bank of America Corp. and Morgan Stanley, the U.S. financial firms that posted the largest asset writedowns and credit losses since the start of 2007.
APR 29 - An investment firm wants
APR 28 - A handful of shareholder activists and governance watchdogs are breaking ranks with colleagues on a hot issue: how to curb executive pay.
APR 26 - United Airlines parent UAL Corp. said it paid Chief Executive Glenn Tilton $10.3 million in total compensation for last year and his base salary rose 24 percent.
APR 25 - Tilton's base salary increased by 24 percent in 2007. The calculations don't include changes in the present value of pension benefits, and they often differ from the totals companies list in the summary compensation table of proxy statements filed with the Securities and Exchange Commission.
APR 21 - Aflac Inc. Chief Executive Officer Dan Amos said shareholders can expect changes to the insurer's executive compensation process if they reject his pay package in the only U.S. ``say-on-pay'' vote this year.
APR 15 - In another sign of growing demand for tightened oversight of CEO compensation, more executives are saying the heads of their companies are paid too much, according to a global survey released on Tuesday.
APR 15 - A move to give shareholders a chance to cast an advisory vote on executive pay failed today at the Electronic Data Systems annual meeting.
APR 10 - Warren Buffett says it's only when the tide goes out that you learn who's been swimming naked. If that's the case, investors should keep their children away from the beach this proxy season, because the tide went way, way out for Corporate America in 2007, exposing all sorts of embarrassing details about business strategies and CEO compensation.
APR 10 - Thursday, at Goldman's annual meeting, the senior vice president of Walden Asset Management, which owns 65,000 shares of the Wall Street giant, will stand up in front of thousands of fellow shareholders and make the case for being able to vote on the firm's compensation practices.
APR 10 - This is the first in an occasional series exploring the rise in shareholder activism and its impact on U.S. corporations amid the economic downturn.
APR 10 - More U.S. companies have disclosed the specific goals used in their executive compensation plans in their 2008 proxies than in 2007, although roughly one-third still do not provide this information, according to a new analysis of 2008 company proxy statements by Watson Wyatt Worldwide, a leading global consulting firm.
APR 8 - Last year, investors filed 60 resolutions asking for a say on pay and got about 44 percent of the vote, on average. This year, there were more than 90 such resolutions filed, and while the final tally is not in, they seem to be getting a majority of the votes.
APR 8 - Shareholders of investment bank Morgan Stanley will attempt at today's annual meeting in Purchase to draw more attention to executive compensation and the impact of the company's practices on human rights around the world.
APR 8 - Top executives’ pay as a ratio of their employers’ earnings has also skyrocketed in the last 15 years. And these executives are paid far more than their counterparts at companies of comparable size in Britain or Japan. How did this happen? How did pay grow so fast at the top?
MAR 26 - Chicago Magazine compares local CEO pay and divides their annual income by 365 to put their numbers into the perspective of "a day's wages."
MAR 7 - Three prominent financial executives were summoned before Congress on Friday to face questions about the huge paydays that they earned from the subprime mortgage boom, even as their companies have lost billions of dollars and thousands of borrowers have lost their homes.
Oct 9 - Corporations are falling short in explaining to investors how executives are compensated and for what, Securities and Exchange Commission officials said Tuesday in their first review of corporate filings since new pay disclosure rules were put in place.
SEPT 26 - The chief information officer of UAL Corp., which operates United Airlines, exercised options for 18,000 shares of common stock, according to a Securities and Exchange Commission filing.
AUG 30 - Last year, the top 20 hedge-fund and private-equity-fund managers earned more in 10 minutes than U.S. workers made the entire year, according to a report released Wednesday by two research groups.
JUL 17 - United Airline's employees plan to protest executive pay at the Chicago-based carrier by marching down Michigan Avenue to the airline's new corporate headquarters at 77 W. Wacker Drive, Thursday.
JUN 3 - Pay for performance in the airline industry has become hugely symbolic to rank-and-file workers. The issue of compensation for top executives has come to the forefront following massive concessions made by workers as airlines struggled through bankruptcy or cut costs to compete.
MAY 11 - Things are getting ugly in Chicago. Carrying signs with such slogans as "Fix It Now" and "We Are United, They Are Pigs," around 400 pilots, mechanics, and flight attendants for United Airlines picketed outside the Field Museum Thursday, where inside the first shareholders meeting for the carrier in five years was underway.
MAY 11 - United Airlines on Thursday touted its progress since emerging from bankruptcy but was challenged by angry employees at the company's first shareholders meeting since 2002. Hundreds of pilots, flight attendants and other uniformed employees demonstrated outside the meeting, and some inside challenged CEO Glenn Tilton over what they see as excessive pay for the company's top managers and a shortage of personnel.
MAY 11 - About 400 United pilots, flight attendants and mechanics marched outside the main south entrance of Chicago's Field Museum, brandishing signs reading "Fix It Now" and "We Are United, They are Pigs" to protest a management team that union leaders contend is overpaid and out of touch with workers.
MAY 10 - More than 100 flight attendants and pilots for United Air Lines Inc. picketed the annual shareholder's meeting Thursday at the Field Museum in Chicago with one clear message: Give us our money.
MAY 10 - Hundreds of United Airlines pilots and flight attendants demonstrated outside a shareholders meeting Thursday. They are not happy that executives are getting millions in compensation after the company has slashed the pay and the pensions of its workers.
MAY 10 - UAL Corp. Chairman and CEO Glenn Tilton flew into a grim storm of criticism from United Airlines employees Thursday, a fresh reminder of the tough restructuring the firm went through in recent years.
MAY 10 - UAL Corp. Chairman and CEO Glenn Tilton touted the once-bankrupt company's revival Thursday at the first shareholder meeting since 2002 for United Airlines' parent, but was partially upstaged by employees angry about executive pay. Hundreds of pilots, flight attendants and other uniformed employees demonstrated outside the meeting and some inside challenged Tilton over what they see as excessive pay for the company's top managers and a shortage of personnel.
APR 24 - The House voted Friday to give shareholders at public corporations a voice in executive pay packages that typically equal 500 times the salaries of workers at those companies.
APR 23 - All currently available data on CEO pay trends show sharp increases for 2006, outpacing the wage gains of 3.8 percent for the majority of workers. What is especially important is that surveys of the pace of CEO pay are similar even though the data sources rely on different definitions of CEO compensation.
APR 11 - In response to a barrage of criticism that regulators have not kept up with the complexities of swelling pay packages, the Securities and Exchange Commission now requires corporate America to disclose details of executive compensation more fully. As this years proxies pour in, they are packed with fresh information aimed at making pay more transparent.
MAR 28 - In a rare joint protest, five unions at United Airlines issued a statement Tuesday complaining of low pay, short staffing and excessive executive compensation at the No. 2 airline.
MAR 28 - Chicago-based United Airlines is drawing sharp criticism from several of its employees' unions. They say United was hypocritical to ask for concessions from workers in order to exit from bankruptcy last year, while top executives pulled in tens of millions of dollars.
MAR 27 - News that Glenn Tilton, chief executive of UAL Corp, earned $39.7 million in 2006 drew an angry protest from workers at UAL's United Airlines on Tuesday, with unions demanding their "fair share."
MAR 26 - Glenn Tilton received compensation worth $39.7 million in 2006, United's first year as a standalone company after emerging from three years of bankruptcy protection.
MAR 21 - This past week, Grinstein announced that he's refusing any and all of the compensation due to him, including cash, stock options, and restricted stock, when the No. 3 airline in the U.S. emerges from bankruptcy this spring or summer.