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Frontier To Pay Directors More  
User currently offlineMSYtristar From United States of America, joined Aug 2005, 6562 posts, RR: 51
Posted (9 years 1 month 2 days 16 hours ago) and read 1531 times:

Is this a common practice amongst most airlines?

http://biz.yahoo.com/bizj/050729/1142940.html?.v=1

It looks like each director will receive $20,000 for service on the board, and the option to purchase 5,000 shares of stock. Add to that free flights and reimbursement for travel. Not a bad deal.

3 replies: All unread, jump to last
 
User currently offlineLuv2fly From United States of America, joined May 2003, 12103 posts, RR: 49
Reply 1, posted (9 years 1 month 2 days 14 hours ago) and read 1512 times:
Support Airliners.net - become a First Class Member!

It is the norm and not the exception with all companies, not just airlines.


You can cut the irony with a knife
User currently offlineMidway2AirTran From United States of America, joined Jul 2003, 864 posts, RR: 2
Reply 2, posted (9 years 1 month 2 days 14 hours ago) and read 1494 times:

Quoting MSYtristar (Thread starter):
Not a bad deal.

Yea, all you have to do is attend monthly to quarterly meetings, keep the stock-holders happy and kiss-up to the CEO so he doesn't bring up people you hate. What a job!

Anyone know how active the BOD at Frontier is, or do they pretty much give the CEO free reign?



"Life is short, but your delay in ATL is not."
User currently offlineMariner From New Zealand, joined Nov 2001, 25152 posts, RR: 85
Reply 3, posted (9 years 1 month 2 days 10 hours ago) and read 1476 times:
Support Airliners.net - become a First Class Member!

Quoting Midway2AirTran (Reply 2):
Anyone know how active the BOD at Frontier is, or do they pretty much give the CEO free reign?

Unlike many US companies, the CEO (Potter) is not Chairman of the Board.

The Chairman is the previous CEO, Sam Addoms. Jeff Potter is his protege, his pupil and hs chosen successor, so the two work closely together.

But because the functions are split, there are checks and balances on the CEO.

cheers

mariner



aeternum nauta
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