This year's $2.6 million in total compensation compares with $3.7 million for 2008 and $4.2 million in 2006. The latter two figures are dramatically lower than previously reported, in the airline's proxy statements and the the media, because of to a change in SEC guidelines on valuing stock awards. They took effect with compensation disclosures for 2009 and have the effect of lowering the projected value.
After Parker, the next highest-paid executive listed in the proxy was Chief Operating Officer Robert Isom, at $2 million, followed by president Scott Kirby at $1.9 million.
As he does every year, Parker issued a memo to US Airways employees detailing his pay. He noted that his salary is the lowest among the CEOs at the hub-and-spoke airlines US Airways considers its peers: Delta, United, American and Continental.
"While my 2009 compensation was lower than the last two years and well below the CEOs of our peer airlines, it is still a significant expense for our company," he said in the memo. "With this level of compensation comes significant responsibility and I take that responsibility very seriously."
US Airways and other carriers have reported significantly better financial results so far this year as the economy as improved, with profits expected beginning in the second quarter, which ends June 30.
It's that ole "SEC GUIDELINES CHANGE", of lowering PROJECTED value! He's a BS artist! MM!
He considers his peers DAL, UAL/CAL, AMR,
After Parker, the next highest-paid executive listed in the proxy was Chief Operating Officer Robert Isom, at $2 million, followed by president Scott Kirby at $1.9 million.
As he does every year, Parker issued a memo to US Airways employees detailing his pay. He noted that his salary is the lowest among the CEOs at the hub-and-spoke airlines US Airways considers its peers: Delta, United, American and Continental.
"While my 2009 compensation was lower than the last two years and well below the CEOs of our peer airlines, it is still a significant expense for our company," he said in the memo. "With this level of compensation comes significant responsibility and I take that responsibility very seriously."
US Airways and other carriers have reported significantly better financial results so far this year as the economy as improved, with profits expected beginning in the second quarter, which ends June 30.
It's that ole "SEC GUIDELINES CHANGE", of lowering PROJECTED value! He's a BS artist! MM!
He considers his peers DAL, UAL/CAL, AMR,