What are Airline CEO's worth?
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What are Airline CEO's worth?
Just ask the CEO of Japan Airlines!
YouTube - Japan Airline's CEO Slashes his Pay Below the Pay of Pilots, other CEO Should Learn from Him !
If it doesn't come up, type in search at You Tube "JAL CEO"
YouTube - Japan Airline's CEO Slashes his Pay Below the Pay of Pilots, other CEO Should Learn from Him !
If it doesn't come up, type in search at You Tube "JAL CEO"
I'll play devil's advocate with Ref to LKH.
Mr Lim is the largest single shareholder. He is more than a 2 year plan CEO. Whereas the Dixons, Joyce's, Eddingtons and most definitely Jacksons are (were) highly paid executives, who's mandate appeared to be the feathering of one's own nest, LKH has a significant personal interest in the "long term" viability of REX. It is therefore no surprise that he would attempt to lead by example.
Now I haven't changed my opinion one little bit with regard to the crewing issues. This financial downturn will IMHO only serve to exacerbate the pilot shortage for years to come. The failure to properly remunerate and retain these dwindling resourses will be the real real impediment to growth long after the world financial sector begins to recover.
But, as far as LKH's dedication to REX is concerned, it would be a brave individual who would argue otherwise.
Mr Lim is the largest single shareholder. He is more than a 2 year plan CEO. Whereas the Dixons, Joyce's, Eddingtons and most definitely Jacksons are (were) highly paid executives, who's mandate appeared to be the feathering of one's own nest, LKH has a significant personal interest in the "long term" viability of REX. It is therefore no surprise that he would attempt to lead by example.
Now I haven't changed my opinion one little bit with regard to the crewing issues. This financial downturn will IMHO only serve to exacerbate the pilot shortage for years to come. The failure to properly remunerate and retain these dwindling resourses will be the real real impediment to growth long after the world financial sector begins to recover.
But, as far as LKH's dedication to REX is concerned, it would be a brave individual who would argue otherwise.
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Airline training??
And the airlines that set up a proper planning and training system for new pilots will fare much better than those that just rely on being able to rape GA whenever they need pilots.
Pilots are becoming more aware of what is involved, and the uncertainty means that there will not be so many cashed up "junior skygods" around.
Pilots are becoming more aware of what is involved, and the uncertainty means that there will not be so many cashed up "junior skygods" around.
As far as GA is concerned bushy, it would be more akin to necrophilia than rape!
Setting up your own pilot training scheme is fine, provided you have a plan for the future. Qantas pilots mostly spend years before they gain a control seat, so the training and experience accumilation can/should be considerable.
As for all the others, well...?
Setting up your own pilot training scheme is fine, provided you have a plan for the future. Qantas pilots mostly spend years before they gain a control seat, so the training and experience accumilation can/should be considerable.
As for all the others, well...?
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as posted on some other site
I hardly see how that is relevant, but I post it anyway - all public sources. His comp is low, esp in comparison to the Americans.
A dash denotes no info in one year only.
Walsh - BA (GBP 2004-2007):
Salary - 548,000 611,000 679,000
Bonus - 135,000 - -
Total Annual Cash Compensation - 683,000 611,000 679,000
Other Annual Compensation - - - -
Total Short Term Compensation - 683,000 611,000 679,000
Long Term Incentive Plan - - - -
All Other Compensation - 69,000 14,000 22,000
Restricted Stock Awards - - - -
Total Calculated Compensation - 887,000 625,000 701,000
As Reported Total compensation - - 625,000 701,000
Other Compensation - 204,000 14,000 22,000
Harrison - easy (GBP 2004-2007)
Salary - - 450,000 540,000
Bonus - - 900,000 997,000
Total Annual Cash Compensation - - 1,350,000 1,537,000
Total Short Term Compensation - - 1,350,000 1,537,000
All Other Compensation - - 37,000 38,000
Total Calculated Compensation - - 1,387,000 1,575,000
As Reported Total compensation - - - 1,537,000
Other Compensation - - 37,000 38,000
Joyce - Qantas (AUD 2004-2007)
Salary 532,273 608,066 778,646 1,092,614
Bonus 324,000 280,275 880,592 1,207,000
Total Annual Cash Compensation 856,273 888,341 1,659,238 2,299,614
Total Short Term Compensation 856,273 888,341 1,659,238 2,299,614
All Other Compensation 406,067 238,346 366,153 95,800
Restricted Stock Awards - 296,843 - -
Total Calculated Compensation 1,418,599 1,423,530 2,663,962 2,395,414
Option Awards - 296,843 638,571 -
As Reported Total compensation 1,418,599 1,423,530 2,663,962 2,395,414
Other Compensation 562,326 535,189 1,004,724 95,800
Emirates - not disclosed
Virgin - not disclosed
Tyler - Cathay (HKD 2004-2007)
Salary 2,400,000 - 2,964,000 3,392,000
Bonus 1,505,000 - 2,903,000 3,289,000
Total Annual Cash Compensation 3,905,000 - 5,867,000 6,681,000
Other Annual Compensation 294,000 - - -
Total Short Term Compensation 4,199,000 - 5,867,000 6,681,000
Long Term Incentive Plan - - - -
All Other Compensation 3,464,000 - 4,261,000 4,337,000
Restricted Stock Awards - - - -
Total Calculated Compensation 7,663,000 - 10,128,000 11,018,000
As Reported Total compensation - - 10,128,000 11,018,000
Other Compensation 3,758,000 - 4,261,000 4,337,000
Mayrhuber - Lufthansa (EUR 2005-2007)
Salary 650,000 700,000 700,000
Bonus 955,350 1,137,788 1,400,000
Total Annual Cash Compensation 1,605,350 1,837,788 2,100,000
Total Short Term Compensation 1,605,350 1,837,788 2,100,000
All Other Compensation 37,220 103,140 107,847
Total Calculated Compensation 1,642,570 2,090,545 2,605,996
Option Awards - 149,617 398,149
As Reported Total compensation 1,642,570 2,090,545 2,605,996
Other Compensation 37,220 252,757 505,996
Spinetta - AF-KLM (USD 2004-2007)
Salary 425,200 - 612,720 600,240
Bonus - - 330,000 637,500
Director Fee - 31,000 24,000 31,000
Total Annual Cash Compensation 425,200 31,000 966,720 1,268,740
Other Annual Compensation - - - -
Total Short Term Compensation 425,200 - 942,720 1,237,740
Long Term Incentive Plan - - - -
All Other Compensation - - - -
Restricted Stock Awards - - - -
Total Calculated Compensation 425,200 31,000 966,720 1,268,740
As Reported Total compensation - 710,000 966,720 1,268,740
Other Compensation - - - -
Arpey - AA (USD 2004-2007)
Salary 518,837 526,620 581,534 656,500
Bonus - - - -
Non Equity Incentive Plan Compensation - - 225 50
Total Annual Cash Compensation 518,837 526,620 581,759 656,550
Other Annual Compensation - - - -
Total Short Term Compensation 518,837 526,620 581,534 656,500
Long Term Incentive Plan 130,061 - - -
All Other Compensation 200 250 39,769 36,146
Restricted Stock Awards - 327,960 8,558,878 3,103,550
Total Calculated Compensation 649,098 854,830 10,201,059 4,601,165
Option Awards - - 851,398 550,793
Change in Pension Plan/Non-Qualified Deferred Comp Earnings - - 169,255 254,126
As Reported Total compensation - - 10,201,059 4,601,165
Other Compensation 130,261 328,210 9,619,300 3,944,615
Estimated Payments in Event of Termination Without Cause - - - 12,264,726
Estimated Payments in Event of Change in Control - - - 24,918,205
Tilton - UA (USD 2004-2007)
Salary 756,832 605,625 687,083 850,000
Bonus 366,393 482,532 - -
Non Equity Incentive Plan Compensation - - 839,028 422,425
Total Annual Cash Compensation 1,123,225 1,088,157 1,526,111 1,272,425
Other Annual Compensation 27,910 17,822 - -
Total Short Term Compensation 1,151,135 1,105,979 687,083 850,000
Long Term Incentive Plan - - - -
All Other Compensation 8,481 9,036 210,959 155,968
Restricted Stock Awards - - 11,694,640 4,708,258
Total Calculated Compensation 1,159,616 1,115,015 23,809,557 10,314,769
Option Awards - - 10,377,847 4,178,118
As Reported Total compensation - - 23,809,557 10,314,769
Director’s All Other Compensation - - - -
Other Compensation 36,391 26,858 22,283,446 9,042,344
Estimated Payments in Event of Termination Without Cause - - - 16,325,006
Estimated Payments in Event of Change in Control - - - 18,037,537
Anderson - DAL (USD 2004-2007)
Salary - - - 200,000
Bonus - - - -
Director Fee - - - 16,667
Non Equity Incentive Plan Compensation - - - 289,560
Total Annual Cash Compensation - - - 506,227
Total Short Term Compensation - - - 200,000
All Other Compensation - - - 221,162
Restricted Stock Awards - - - 2,308,557
Total Calculated Compensation - - - 3,329,488
Option Awards - - - 293,542
Change in Pension Plan/Non-Qualified Deferred Comp Earnings - - - -
As Reported Total compensation - - - 3,329,488
Other Compensation - - - 2,823,261
Estimated Payments in Event of Termination Without Cause - - - 10,015,903
Estimated Payments in Event of Change in Control - - - 13,301,994
O'Leary - Ryan (EUR 2004-2007)
Salary 505,000 550,000 565,000 595,000
Bonus 127,000 200,000 365,000 560,000
Total Annual Cash Compensation 632,000 750,000 930,000 1,155,000
Other Annual Compensation - - - -
Total Short Term Compensation 632,000 750,000 930,000 1,155,000
Long Term Incentive Plan - - - -
All Other Compensation 49,000 58,000 62,000 63,000
Restricted Stock Awards - - - -
Total Calculated Compensation 681,000 808,000 992,000 1,218,000
As Reported Total compensation 681,000 808,000 992,000 1,218,000
Other Compensation 49,000 58,000 62,000 63,000
Kelly - LUV (USD 2004-2007)
Salary 322,436 404,719 416,860 424,065
Bonus 220,000 275,000 462,000 462,000
Non Equity Incentive Plan Compensation - - 620 2,089
Total Annual Cash Compensation 542,436 679,719 879,480 888,154
Other Annual Compensation - - - -
Total Short Term Compensation 542,436 679,719 878,860 886,065
Long Term Incentive Plan - - - -
All Other Compensation 41,065 68,980 96,541 95,939
Restricted Stock Awards - - - -
Total Calculated Compensation 583,501 748,699 1,405,883 1,301,438
Option Awards - - 429,862 317,345
As Reported Total compensation - - 1,405,883 1,301,438
Other Compensation 41,065 68,980 526,403 413,284
Parker - US Air (USD 2004-2007)
Salary 550,000 550,000 550,000 550,000
Bonus - - - -
Non Equity Incentive Plan Compensation - - 1,749,000 924,000
Total Annual Cash Compensation 550,000 550,000 2,299,000 1,474,000
Other Annual Compensation 5,268 81,963 - -
Total Short Term Compensation 555,268 631,963 550,000 550,000
Long Term Incentive Plan 687,500 1,787,500 - -
All Other Compensation 3,853 3,853 47,947 89,772
Restricted Stock Awards - 3,260,437 1,657,930 1,941,585
Total Calculated Compensation 1,246,621 5,683,753 5,357,582 5,444,996
Option Awards - - 1,352,705 1,939,639
As Reported Total compensation - - 5,357,582 5,444,996
Other Compensation 696,621 5,133,753 3,058,582 3,970,996
Estimated Payments in Event of Termination Without Cause - - - 8,676,285
Estimated Payments in Event of Change in Control - - - 8,676,285
A dash denotes no info in one year only.
Walsh - BA (GBP 2004-2007):
Salary - 548,000 611,000 679,000
Bonus - 135,000 - -
Total Annual Cash Compensation - 683,000 611,000 679,000
Other Annual Compensation - - - -
Total Short Term Compensation - 683,000 611,000 679,000
Long Term Incentive Plan - - - -
All Other Compensation - 69,000 14,000 22,000
Restricted Stock Awards - - - -
Total Calculated Compensation - 887,000 625,000 701,000
As Reported Total compensation - - 625,000 701,000
Other Compensation - 204,000 14,000 22,000
Harrison - easy (GBP 2004-2007)
Salary - - 450,000 540,000
Bonus - - 900,000 997,000
Total Annual Cash Compensation - - 1,350,000 1,537,000
Total Short Term Compensation - - 1,350,000 1,537,000
All Other Compensation - - 37,000 38,000
Total Calculated Compensation - - 1,387,000 1,575,000
As Reported Total compensation - - - 1,537,000
Other Compensation - - 37,000 38,000
Joyce - Qantas (AUD 2004-2007)
Salary 532,273 608,066 778,646 1,092,614
Bonus 324,000 280,275 880,592 1,207,000
Total Annual Cash Compensation 856,273 888,341 1,659,238 2,299,614
Total Short Term Compensation 856,273 888,341 1,659,238 2,299,614
All Other Compensation 406,067 238,346 366,153 95,800
Restricted Stock Awards - 296,843 - -
Total Calculated Compensation 1,418,599 1,423,530 2,663,962 2,395,414
Option Awards - 296,843 638,571 -
As Reported Total compensation 1,418,599 1,423,530 2,663,962 2,395,414
Other Compensation 562,326 535,189 1,004,724 95,800
Emirates - not disclosed
Virgin - not disclosed
Tyler - Cathay (HKD 2004-2007)
Salary 2,400,000 - 2,964,000 3,392,000
Bonus 1,505,000 - 2,903,000 3,289,000
Total Annual Cash Compensation 3,905,000 - 5,867,000 6,681,000
Other Annual Compensation 294,000 - - -
Total Short Term Compensation 4,199,000 - 5,867,000 6,681,000
Long Term Incentive Plan - - - -
All Other Compensation 3,464,000 - 4,261,000 4,337,000
Restricted Stock Awards - - - -
Total Calculated Compensation 7,663,000 - 10,128,000 11,018,000
As Reported Total compensation - - 10,128,000 11,018,000
Other Compensation 3,758,000 - 4,261,000 4,337,000
Mayrhuber - Lufthansa (EUR 2005-2007)
Salary 650,000 700,000 700,000
Bonus 955,350 1,137,788 1,400,000
Total Annual Cash Compensation 1,605,350 1,837,788 2,100,000
Total Short Term Compensation 1,605,350 1,837,788 2,100,000
All Other Compensation 37,220 103,140 107,847
Total Calculated Compensation 1,642,570 2,090,545 2,605,996
Option Awards - 149,617 398,149
As Reported Total compensation 1,642,570 2,090,545 2,605,996
Other Compensation 37,220 252,757 505,996
Spinetta - AF-KLM (USD 2004-2007)
Salary 425,200 - 612,720 600,240
Bonus - - 330,000 637,500
Director Fee - 31,000 24,000 31,000
Total Annual Cash Compensation 425,200 31,000 966,720 1,268,740
Other Annual Compensation - - - -
Total Short Term Compensation 425,200 - 942,720 1,237,740
Long Term Incentive Plan - - - -
All Other Compensation - - - -
Restricted Stock Awards - - - -
Total Calculated Compensation 425,200 31,000 966,720 1,268,740
As Reported Total compensation - 710,000 966,720 1,268,740
Other Compensation - - - -
Arpey - AA (USD 2004-2007)
Salary 518,837 526,620 581,534 656,500
Bonus - - - -
Non Equity Incentive Plan Compensation - - 225 50
Total Annual Cash Compensation 518,837 526,620 581,759 656,550
Other Annual Compensation - - - -
Total Short Term Compensation 518,837 526,620 581,534 656,500
Long Term Incentive Plan 130,061 - - -
All Other Compensation 200 250 39,769 36,146
Restricted Stock Awards - 327,960 8,558,878 3,103,550
Total Calculated Compensation 649,098 854,830 10,201,059 4,601,165
Option Awards - - 851,398 550,793
Change in Pension Plan/Non-Qualified Deferred Comp Earnings - - 169,255 254,126
As Reported Total compensation - - 10,201,059 4,601,165
Other Compensation 130,261 328,210 9,619,300 3,944,615
Estimated Payments in Event of Termination Without Cause - - - 12,264,726
Estimated Payments in Event of Change in Control - - - 24,918,205
Tilton - UA (USD 2004-2007)
Salary 756,832 605,625 687,083 850,000
Bonus 366,393 482,532 - -
Non Equity Incentive Plan Compensation - - 839,028 422,425
Total Annual Cash Compensation 1,123,225 1,088,157 1,526,111 1,272,425
Other Annual Compensation 27,910 17,822 - -
Total Short Term Compensation 1,151,135 1,105,979 687,083 850,000
Long Term Incentive Plan - - - -
All Other Compensation 8,481 9,036 210,959 155,968
Restricted Stock Awards - - 11,694,640 4,708,258
Total Calculated Compensation 1,159,616 1,115,015 23,809,557 10,314,769
Option Awards - - 10,377,847 4,178,118
As Reported Total compensation - - 23,809,557 10,314,769
Director’s All Other Compensation - - - -
Other Compensation 36,391 26,858 22,283,446 9,042,344
Estimated Payments in Event of Termination Without Cause - - - 16,325,006
Estimated Payments in Event of Change in Control - - - 18,037,537
Anderson - DAL (USD 2004-2007)
Salary - - - 200,000
Bonus - - - -
Director Fee - - - 16,667
Non Equity Incentive Plan Compensation - - - 289,560
Total Annual Cash Compensation - - - 506,227
Total Short Term Compensation - - - 200,000
All Other Compensation - - - 221,162
Restricted Stock Awards - - - 2,308,557
Total Calculated Compensation - - - 3,329,488
Option Awards - - - 293,542
Change in Pension Plan/Non-Qualified Deferred Comp Earnings - - - -
As Reported Total compensation - - - 3,329,488
Other Compensation - - - 2,823,261
Estimated Payments in Event of Termination Without Cause - - - 10,015,903
Estimated Payments in Event of Change in Control - - - 13,301,994
O'Leary - Ryan (EUR 2004-2007)
Salary 505,000 550,000 565,000 595,000
Bonus 127,000 200,000 365,000 560,000
Total Annual Cash Compensation 632,000 750,000 930,000 1,155,000
Other Annual Compensation - - - -
Total Short Term Compensation 632,000 750,000 930,000 1,155,000
Long Term Incentive Plan - - - -
All Other Compensation 49,000 58,000 62,000 63,000
Restricted Stock Awards - - - -
Total Calculated Compensation 681,000 808,000 992,000 1,218,000
As Reported Total compensation 681,000 808,000 992,000 1,218,000
Other Compensation 49,000 58,000 62,000 63,000
Kelly - LUV (USD 2004-2007)
Salary 322,436 404,719 416,860 424,065
Bonus 220,000 275,000 462,000 462,000
Non Equity Incentive Plan Compensation - - 620 2,089
Total Annual Cash Compensation 542,436 679,719 879,480 888,154
Other Annual Compensation - - - -
Total Short Term Compensation 542,436 679,719 878,860 886,065
Long Term Incentive Plan - - - -
All Other Compensation 41,065 68,980 96,541 95,939
Restricted Stock Awards - - - -
Total Calculated Compensation 583,501 748,699 1,405,883 1,301,438
Option Awards - - 429,862 317,345
As Reported Total compensation - - 1,405,883 1,301,438
Other Compensation 41,065 68,980 526,403 413,284
Parker - US Air (USD 2004-2007)
Salary 550,000 550,000 550,000 550,000
Bonus - - - -
Non Equity Incentive Plan Compensation - - 1,749,000 924,000
Total Annual Cash Compensation 550,000 550,000 2,299,000 1,474,000
Other Annual Compensation 5,268 81,963 - -
Total Short Term Compensation 555,268 631,963 550,000 550,000
Long Term Incentive Plan 687,500 1,787,500 - -
All Other Compensation 3,853 3,853 47,947 89,772
Restricted Stock Awards - 3,260,437 1,657,930 1,941,585
Total Calculated Compensation 1,246,621 5,683,753 5,357,582 5,444,996
Option Awards - - 1,352,705 1,939,639
As Reported Total compensation - - 5,357,582 5,444,996
Other Compensation 696,621 5,133,753 3,058,582 3,970,996
Estimated Payments in Event of Termination Without Cause - - - 8,676,285
Estimated Payments in Event of Change in Control - - - 8,676,285
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His comp is low, esp in comparison to the Americans.
It is grossly misleading including Joyces past salary in your list, he wasn't the CEO of QANTAS until only a few months ago, you should have used Dixons.
I reckon you will see that Dixon is at the top of the tree.
I saw a comparison either here or on Q Room a while back which added the top 5 (I think???) execs in each of the major airlines, and it was breath taking just how much extra QF was paying. I think number 5 earner at QF (HR Boss or some such) was still more than the number 1 at most airlines, the total when put together was truly obscene.
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What are Airline CEO's worth?!
Zero, in the Australasian region, given current track records, treatment of employees and non-recognition of core issues by many of them.
Zero, in the Australasian region, given current track records, treatment of employees and non-recognition of core issues by many of them.
