The Golden Parachute Lands Close To Home

Last week at weekly dinner Matt and I were talking (arguing) about executive compensation. I said they should do it like Delta does: if we don't make a profit (or, like this year, swing to a 1.6 billion dollar loss), we don't get a profit sharing check.

Whoops, I spoke too soon.

I'm all for getting everybody back to the pre-bankruptcy days, but shouldn't that include everybody? Like, the employees, maybe? And now is a good time to act like you're shafting the employees... except not so much, since the NWA union is handing out propaganda every day.

And sure, you can put their pay "at risk" by giving them stock options - that way they're invested in the success of the company, right?

Oh wait. Except they keep "donating" what they can't sell (tax break!) and the second they can sell, they do - like the day the stock hit 12 dollars and certain execs sold millions of dollars worth of stock.

Awesome.

So, Richard, where's my check/bonus/retention incentive? And is 2.5 million (based on today's stock price) about 3% of your salary? Cause that's the raise the rest of the employees get to look forward to.