PPRuNe Forums - View Single Post - United Airlines says it will lay off 950 pilots
Old 25th Jun 2008, 06:37
  #21 (permalink)  
aviator
 
Join Date: Mar 1999
Location: California, USA
Posts: 81
Likes: 0
Received 0 Likes on 0 Posts
Re-Heat said: "Irrelevant - executives are paid by returns to equity, not returns to the labour force. "




That said, the facts speak for themselves:

So far this year, shares of UAL have decreased almost 90% percent of their value...

At the annual shareholder meeting on June 12, they awarded themselves $130 million dollars: " Today, our stockholders showed their confidence in our Board, overwhelmingly electing Directors to another term, and approving an equity incentive plan that will enable United to attract, retain and reward key leaders."

You couldn't make this up
aviator is offline