Lakefield Salary

[700UW]

Lakefield $425,000

Kellher signs an extension which became effective July 15, 2004 and provides for an annual base pay of $450,000, according to a filing with the Securities and Exchange Commission.

The airline signed its newly appointed chief executive, Gary Kelly, to a three-year contract, with a base pay of $399,722 for the first year of the deal. Colleen Barrett, the airline's president, also signed a three-year extension with a base pay of $347,584 for the first year.



Something seems amiss to me.

 

[Phantom Fixer]

Lakefield $425,000

Kellher signs an extension which became effective July 15, 2004 and provides for an annual base pay of $450,000, according to a filing with the Securities and Exchange Commission.

The airline signed its newly appointed chief executive, Gary Kelly, to a three-year contract, with a base pay of $399,722 for the first year of the deal. Colleen Barrett, the airline's president, also signed a three-year extension with a base pay of $347,584 for the first year.
Something seems amiss to me.

[post="190937"][/post]​

A blind man can tell you what's amiss here. Simply put , the number 6 airline in the US , which is WN is getting what they pay for...and at an attractive price.

U on the other hand is over paying it's floundering executives at the number 7 airline in the US.

With the facts being what they are.....one has to ask themselves why U has lapsed into BK twice...while WN continues to lead the industry. I know...it's all the fault of we pesky union employee's whom an actually appreciate the value of a dollar...maybe it's because we actually have to watch our money more carefully?

Discuss among yourselves

 

[700UW]

WN is higher then 6, CO is 6, WN actually carries more passengers then any other airline.

 

[Phantom Fixer]

WN is higher then 6, CO is 6, WN actually carries more passengers then any other airline.

[post="190951"][/post]​

However you choose to split hairs is fine...but the fact is , WN is getting better leadership at a larger and profitable airline for less money without having to plunder thier employee's pockets and ruin their careers to do it. Is it any wonder why they are doing well...and U isn't ?

You also make a point of WN carrying more passengers than anyone else....simply amazing considering the fact that they run essentialy a single fleet type of narrow body aircraft and no international service to provide.

 

[BoeingBoy]

FWIW, WN carries the most domestic passengers, not the most total passengers. Certainly no small feat. But when you consider that the "big 6" have international service and the "big 5" have extensive international service, rankings based on only domestic passengers are somewhat misleading.

Jim

 

[thepoohbear]

But you're getting off the point.We are paying too much for inferior leadership.Once again I say: If Lakefield really wanted us to follow him he should do what Lee Iaacoca did at Chrysler.Take $1.00 salary til we return to profitability.
NO CHANCE getting that or any type of pay reduction from the leechership we have. :blink:

 

[Seatacus]

We are paying too much for inferior........................................... leechership we have. :blink:

[post="191017"][/post]​

Good one Poohbear

 

[PITbull]

A blind man can tell you what's amiss here. Simply put , the number 6 airline in the US , which is WN is getting what they pay for...and at an attractive price.

U on the other hand is over paying it's floundering executives at the number 7 airline in the US.

With the facts being what they are.....one has to ask themselves why U has lapsed into BK twice...while WN continues to lead the industry. I know...it's all the fault of we pesky union employee's whom an actually appreciate the value of a dollar...maybe it's because we actually have to watch our money more carefully?

Discuss among yourselves

[post="190947"][/post]​

JetBlue CEO, Neeleman makes $200,000, and $95,000 bonus, according to the latest compensation figures for JetBlue. The next 3 Excutive officers make the exact same as Neeleman, and same bonus.

 

[Finish or Ignore]

But you're getting off the point.We are paying too much for inferior leadership.Once again I say: If Lakefield really wanted us to follow him he should do what Lee Iaacoca did at Chrysler.Take $1.00 salary til we return to profitability.
NO CHANCE getting that or any type of pay reduction from the leechership we have. :blink:

[post="191017"][/post]​

I will follow him and pay him the money cheerfully. First he must get rid of the dead wood all around him.

 

[usfliboi]

I believe if you dig deeper, look at the "whole" comp package, youll find it more balanced....

 

[shaka]

Come on folks, give me a break.

Please let me know any CEO who would come into a horrible situation for a sub-standard salary?

The other CEO's that you mentioned have stock and options out the wazoooo.

The options at this airline are worthless, much less the stock is worthless.

Would you like a CEO to come in and ask for a salary that was way below the norm?

Everyone must keep in mind that many of these ceo candidates have much better opportunities to turn rather than being ceo of an airline that faces liquidity.

Let's be real here!

 

[Phantom Fixer]

Come on folks, give me a break.

Please let me know any CEO who would come into a horrible situation for a sub-standard salary?

The other CEO's that you mentioned have stock and options out the wazoooo.

The options at this airline are worthless, much less the stock is worthless.

Would you like a CEO to come in and ask for a salary that was way below the norm?

Everyone must keep in mind that many of these ceo candidates have much better opportunities to turn rather than being ceo of an airline that faces liquidity.

Let's be real here!

[post="191083"][/post]​

Shaka,

You need to get real my friend. The figures don't lie.
Lakefield is being way over compensated Vs. the very people whom he wishes to compare the rest of our salaries too.

Look at the leadership being shown at DL....Their CEO has slashed his own income , void of any perks or bonuses...and he has also elected to forego the remaining money due him for the balance of the year. This is a company that's in distress too..only not as dire as we find ourselves

DL is going to make it..mark my words on that. Their pilots will eventually come to terms with the company...and everyone else will take a 10% cut in salary starting January 1 2005....and some reductions in benefits...But the key here is how the CEO and his underlings are leading by example. We cannot say the same about any of our upper tier by comparison.

The reductions in managements salaries of between 5% to 10% is insulting to the pilots whom are about to vote on 18.5% in wage reductions and verbage that may spell career suicide for many. The rest of us are looking at 23%..when the supposed average income in in the range of $59K. So much for leading by example or creating an enviroment of shared sacrifice for the supposed betterment of the company.

The Judge needs to impose some cuts beyond those being harshly directed at the rank and file.

 

[usfliboi]

Some people just cant get it.... Please know the facts people! Lakefield salary vers the others. SOme mince words and numbers.... look at the whole comp package and you will see the real figures.

 

[ClueByFour]

Some people just cant get it.... Please know the facts people! Lakefield salary vers the others. SOme mince words and numbers.... look at the whole comp package and you will see the real figures.

[post="191089"][/post]​

For perhaps the first time ever, you are actually correct.

If you examine the whole compensation package of a U executive, versus, say, Herb--this is what you find:

1. The U executive is paid largely in cash. This cash compensation is typically much, much more than the cash compensation of his/her LCC counterparts. This executive probably has stock compensation, but since U's stock is worthless, this compensation is worthless.

2. The LCC executive typically gets a modest cash package, but a very large stock package. Thus, if the LCC is profitable, this executive will be very highly compensated, indeed.

Now "bois" and girls, what can we deduce from this? The LCC executive makes more because they are actually competent, and run a profitable enterprise. The U executive has to demand more in cash, because he/she has never had any success running a profitable enterprise, and thus must have a "sure thing" (cash) package instead of something to work for.

Your angle, flyboi, is as weak as the U exec's claiming that management is leaving in droves to "higher paying" jobs at LCCs--they don't actually "pay" more, they receive better compensation for doing an effective job. And, since CCY ain't exactly known for effective management acumen, we are back to square one....

 

[youngblood]

For perhaps the first time ever, you are actually correct.

If you examine the whole compensation package of a U executive, versus, say, Herb--this is what you find:

Amen, God Bless, may one grant you sexual bliss,and any other blessings I could possibly wish. I could not have said it better.