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US Airways CEO Rejects $770,000 Bonus  
User currently offlineFCYTravis From United States of America, joined Sep 2005, 1191 posts, RR: 6
Posted (8 years 4 months 3 weeks 3 days 12 hours ago) and read 8605 times:

According to a post on US Aviation, Doug Parker, the former AWA CEO and now CEO of the merged US Airways, has declined to accept a $770,000 cash incentive bonus approved by the airline's board for AWA's 2005 stock performance.

The release quoted Doug as saying, in part:

“As CEO of a larger merged airline that has many employees who have taken significant pay cuts and many others still on furlough, I have communicated to our Board that I would prefer to receive an annual cash incentive when our employee profit sharing plans are paying dividends too. I recognize that deciding to lead the former US Airways team comes with some expectation of shared sacrifice. Ultimately, I look forward to the day when profit sharing is a consistent part of our culture and appreciate the efforts of all of our employees as we work to integrate our two airlines.”


USAir A321 service now departing for SFO with fuel stops in CAK, COS and RNO. Enjoy your flight.
90 replies: All unread, showing first 25:
 
User currently offlineAntoniemey From United States of America, joined Dec 2005, 1555 posts, RR: 4
Reply 1, posted (8 years 4 months 3 weeks 3 days 12 hours ago) and read 8599 times:

Whaddaya know? He is as smart as he acts. Now if only a few more would follow that example from here on out.


Make something Idiot-proof, and the Universe will make a more inept idiot.
User currently offlineHPRamper From United States of America, joined May 2005, 4037 posts, RR: 8
Reply 2, posted (8 years 4 months 3 weeks 3 days 12 hours ago) and read 8588 times:

Too bad the former US Airways management wouldn't be caught dead turning down a pay raise or bonus.

User currently offlineN62NA From United States of America, joined Aug 2003, 4429 posts, RR: 6
Reply 3, posted (8 years 4 months 3 weeks 3 days 12 hours ago) and read 8555 times:

Very classy thing to do, Mr. Parker. Kudos!

User currently offlineSeptember11 From United States of America, joined May 2004, 3623 posts, RR: 21
Reply 4, posted (8 years 4 months 3 weeks 3 days 12 hours ago) and read 8534 times:

Wow, $770,000 is a big bonus. Interesting move by the CEO.


Airliners.net of the Future
User currently offlineMariner From New Zealand, joined Nov 2001, 25009 posts, RR: 85
Reply 5, posted (8 years 4 months 3 weeks 3 days 12 hours ago) and read 8534 times:
Support Airliners.net - become a First Class Member!

He copped a great deal of crap when he took a million dollar bonus at the then struggling HP.

Maybe that has something to do with his decision.  Smile

cheers

mariner



aeternum nauta
User currently offlineFlightShadow From United States of America, joined Jun 2005, 950 posts, RR: 6
Reply 6, posted (8 years 4 months 3 weeks 3 days 12 hours ago) and read 8519 times:

Quoting N62NA (Reply 3):
Very classy thing to do, Mr. Parker. Kudos!



Great move Mr. Parker! It always hurts to see high-level execs take huge bonuses while their employees are suffering.

[Edited 2006-03-10 02:18:57]


"When the tide goes out, you can tell who was skinnydipping."
User currently offlineReyes27 From , joined Dec 1969, posts, RR:
Reply 7, posted (8 years 4 months 3 weeks 3 days 12 hours ago) and read 8519 times:

I believe he is using that $770,000 as a downpayment on good will

User currently offlineHPLASOps From , joined Dec 1969, posts, RR:
Reply 8, posted (8 years 4 months 3 weeks 3 days 12 hours ago) and read 8463 times:

Doug has always been a cool chap who will lead our airline to new heights, I am beyond happy to hear of such news. So far the merger has been successful (especially the amount of pax who have been codesharing between the two airlines - a very good sign of our compatability) and I am confident we will have a profitable quarter this year and hopefully a profitable year next year.

User currently offlineBennett123 From United Kingdom, joined Aug 2004, 7472 posts, RR: 3
Reply 9, posted (8 years 4 months 3 weeks 3 days 12 hours ago) and read 8442 times:

This is called leadership.

Bravo.


User currently offlineHPLASOps From , joined Dec 1969, posts, RR:
Reply 10, posted (8 years 4 months 3 weeks 3 days 11 hours ago) and read 8405 times:

Quoting Reyes27 (Reply 7):
I believe he is using that $770,000 as a downpayment on good will

Call it whatever you want, but if it helps restore US/HP to profitability, then he'll be worth what ever reward comes his way.


User currently offlineN754PR From , joined Dec 1969, posts, RR:
Reply 11, posted (8 years 4 months 3 weeks 3 days 11 hours ago) and read 8350 times:

Thats a very nice thing to do for your company. I mean he could have just said "well I'll take 500,000 but keep the rest.... or just a simple thank you"

I hope this makes the people working for him feel good.


User currently offlineHPRamper From United States of America, joined May 2005, 4037 posts, RR: 8
Reply 12, posted (8 years 4 months 3 weeks 3 days 11 hours ago) and read 8316 times:

I'm still waiting for a negative spin on this. I know SOMEONE is going to do it eventually  Wink

User currently offlineCaptaink From Mexico, joined May 2001, 5109 posts, RR: 12
Reply 13, posted (8 years 4 months 3 weeks 3 days 11 hours ago) and read 8300 times:

Good move, great guy, seems like he is the perfect candidate for leading US in the right direction.

Quoting HPRamper (Reply 12):
I'm still waiting for a negative spin on this. I know SOMEONE is going to do it eventually

Already done..

Quoting Mariner (Reply 5):
He copped a great deal of crap when he took a million dollar bonus at the then struggling HP.

Maybe that has something to do with his decision. Smile

cheers

mariner



There is something special about planes....
User currently offlineCadet57 From United States of America, joined Jul 2005, 9085 posts, RR: 31
Reply 14, posted (8 years 4 months 3 weeks 3 days 11 hours ago) and read 8300 times:

Quoting Bennett123 (Reply 9):
This is called leadership.

Bravo.

 checkmark 

Quoting HPRamper (Reply 12):
I'm still waiting for a negative spin on this. I know SOMEONE is going to do it eventually

Im saying 10 minutes....

But way to go.. I applaud Mr. Parker. This is what ALL ceo's should do. This is another reason why I love HP and US, they actually care.



Doors open, right hand side, next stop is Springfield.
User currently offlineMariner From New Zealand, joined Nov 2001, 25009 posts, RR: 85
Reply 15, posted (8 years 4 months 3 weeks 3 days 11 hours ago) and read 8284 times:
Support Airliners.net - become a First Class Member!

Quoting Captaink (Reply 13):
Already done..

It is a fact that he took the bonus at HP and got a lot of flak.

How is that "spin" - negative or otherwise?

cheers

mariner



aeternum nauta
User currently offlineJacobin777 From United States of America, joined Sep 2004, 14968 posts, RR: 60
Reply 16, posted (8 years 4 months 3 weeks 3 days 11 hours ago) and read 8284 times:

Quoting Antoniemey (Reply 1):
Whaddaya know? He is as smart as he acts. Now if only a few more would follow that example from here on out.

AA's Chairman/CEO Gerard J. Arpey also didn't take the vested stock options that was given to senior AA management.........

Quoting Mariner (Reply 5):
He copped a great deal of crap when he took a million dollar bonus at the then struggling HP.

Maybe that has something to do with his decision.

for that much, I would be more than happy to "cop a great deal of crap"...... Smile



"Up the Irons!"
User currently offlineCaptaink From Mexico, joined May 2001, 5109 posts, RR: 12
Reply 17, posted (8 years 4 months 3 weeks 3 days 11 hours ago) and read 8268 times:

Quoting Mariner (Reply 15):
It is a fact that he took the bonus at HP and got a lot of flak.

How is that "spin" - negative or otherwise?

cheers

mariner

Cause the idea of him being noble by refusing this bonus, starts to look less noble. Maybe it isn't a spin, but sure isn't on the same track...



There is something special about planes....
User currently offlineWJ From United States of America, joined Feb 2006, 345 posts, RR: 0
Reply 18, posted (8 years 4 months 3 weeks 3 days 10 hours ago) and read 8174 times:

It's interesting how if he would have taken the bonus he would be ripped up one side and down the other for taking all this money when times are tough. Lets face it, if not for nothing, Doug Parker saved both HP (on more than one occasion) and US airways and rightly deserves every dollar he is given. This bonus would have come directly from the board and not out of the operation or anyone else's pocket. Still, Doug Parker, the man that he is, still declined it. Lets all keep this in mind when in the future he does choose to collect his due.


146,727,732,733,734,735,73G,738,739,742,743,744,752,753,762,763,764,772,300,310,319,320,321,330,343,DC9,D10,MD11,M80,E17
User currently offlineLTBEWR From United States of America, joined Jan 2004, 13040 posts, RR: 12
Reply 19, posted (8 years 4 months 3 weeks 3 days 10 hours ago) and read 8160 times:

Maybe he has a deal where he gets stock or stock options. If he can get the airline to profitability and higher stock price, maybe he can cash in for a lot more than 770K. In the meantime, he sets a good example to his fellow executives and does get a lot of good will with the employees and their unions.

User currently offlineSonOfACaptain From United States of America, joined May 2004, 1747 posts, RR: 6
Reply 20, posted (8 years 4 months 3 weeks 3 days 10 hours ago) and read 8160 times:

Quoting Mariner (Reply 5):
Maybe that has something to do with his decision.

 checkmark 

Guys, as you know, I am a hug US supporter, and I am also a big Parker fan, but the outcry he would have gotten HAD to have played a role in this. I am not saying that he didn't have any good will in this, but DP is a smart man, and this would not have been a good moral booster, something that is required during this merger time. I don't remember about the previous raise DP had, the Mariner is talking about, (I never payed attentioned to HP before the merger, I always concentrated on the east coast  wink  ) but I do remember the last executive raise at US not so long ago. Let me tell you, the employees were MAD, and for a lot of them, that was the final straw.

Quoting Mariner (Reply 15):
How is that "spin" - negative or otherwise?

It isn't. All you are doing is being realistic here, and there is nothing wrong with that.

-SOAC



Non Illegitimi Carborundum
User currently offlineSFORunner From United States of America, joined Jul 2004, 324 posts, RR: 0
Reply 21, posted (8 years 4 months 3 weeks 3 days 10 hours ago) and read 8124 times:

Quoting Captaink (Reply 17):
Cause the idea of him being noble by refusing this bonus, starts to look less noble. Maybe it isn't a spin, but sure isn't on the same track...

I'd say its noble if he learned from his past experience to better himself.


User currently offlineCOERJ145 From United States of America, joined Jun 2005, 1421 posts, RR: 1
Reply 22, posted (8 years 4 months 3 weeks 3 days 10 hours ago) and read 8046 times:

Now if only Chainsaw Steenland would do that......

User currently offlineAogdesk From United States of America, joined Jun 2004, 935 posts, RR: 3
Reply 23, posted (8 years 4 months 3 weeks 3 days 10 hours ago) and read 8027 times:

Management 101. Hard to believe he stands alone amongst his peers...

User currently offlineLuv2fly From United States of America, joined May 2003, 12090 posts, RR: 49
Reply 24, posted (8 years 4 months 3 weeks 3 days 9 hours ago) and read 8019 times:

Quoting SFORunner (Reply 21):
I'd say its noble if he learned from his past experience to better himself.

What is the expression, "Those who fail to learn from there mistakes are bound to repeat them!" I would say he has learned and moved on. Good job.



You can cut the irony with a knife
25 WesternA318 : Very Interesting indeed, he is a phenomenal leader, almost on the same level as a CE Woolman, or Gordon Bethune. He is making major inroads with the
26 Phxplanes : I already like him and now I like him even more. He did better then those United guys who accepted a ton of money.
27 Mariner : Then maybe the idea of "noble" was wrong in the first place, without considering the history. He learned from a bad experience - learning from one's
28 Seamefly : HAH! In your dream!!! it has never and will never happen at NWA! All that dog is thinking how much can he take from the employees and the company bef
29 F9Animal : Wow! Glen Tilton probably called him and asked him if he could have it! That is a move that I never would have thought one would pass up. That in itse
30 WesternA318 : LMAO, theyre probably sayin "Pssh, we had to do what we had to do to SAVE the airline, and run it right.." *grabs shotgun and goes Icahn/Lorenzo hunt
31 Post contains images HPRamper : Nope, still no real negative post yet
32 F9Animal : Here you go..... I can't believe the moron did not take the bonus! That is the problem now days. CEO's are afraid to take bonuses! Here we go, anothe
33 Flyboyaz : I think it's great that he turned it down. From what I read however, the company won't be saving much since it will be dispersed to certain work group
34 Post contains images HPRamper : You sounded way too gleeful in that post, otherwise, I like it!
35 Post contains images WesternA318 : LOL, no REAL negative post yet...
36 Supa7E7 : He should have taken the $$ and given it to the United Way, in a perfect world. This is indeed a cheesy PR move to amuse the airline unions. Id hate t
37 Post contains images HPRamper : They can Ouch all they want, I'm sure they all own their homes, have plenty of money saved away, and they don't NEED to be driving Rolls Royces.
38 WesternA318 : Let us not forget their OWNED G-4's, even though they run an AIRLINE
39 SFORunner : Yes, but some of you would say that it would have been a cheesy PR move on his part if he gave the money to the United Way.
40 Dutch122 : Well done, more CEO's should follow this to show some respect towards their personnel. Dutch122
41 Adh214 : The quote above is not correct. If he had accepted the bonus, this would have come directly from US Airways accounts just like a flight attendants pa
42 DrupyUSE : What a great move by Doug. Just imagine if Wolf or RedDot1 had done this kind of thing a few years ago. We might not be digging out of the current fin
43 Captaink : Good point. Possibly this is true, and I totally understand where you are coming from.
44 Fokkerf28 : Great move Mr. Parker, I'm glad to be part of your team trying to return our new airline to profitability.. Kudos!!!!
45 Pmg1704 : Forget the United Way, give it to the Pension Benefit Guarantee Corp...
46 Pgtravel : I love it! That's a great way to put it.
47 SWAOPSusafATC : Ahh take it and split it between all the employees.. No I'm not one but that would be awesome!
48 SeeTheWorld : I have to say that Parker sets a good example and I'm not surprised. He is one of the best in the industry currently. Having said that, how sad is it
49 KITH : What airline has their own private jets? -Matt in KITH
50 777jaah : What´s wrong with a.netters???????? Where are the negative comments so usual in this forum???? There's always someone in this forum with a very ba mo
51 Pgv : Are you referring to US / HP as in owning their own G-4's??
52 Chase : I disagree. United Way takes 10-20% of contributions to pay for their overhead. There are many other charities which do not do this, such as America'
53 Mich : Great boost for all those involved in the merger. Without sounding "negative" $770,000 isnt that much when you look at the big picture or outside the
54 Starlionblue : Actually it's not really that large a bonus for this kind of position.
55 Boeingfan71 : very nice thing to do way to go and best of luck for the new US Airways Drake Ferruzzi
56 Aerofan : I don't understand - why isn't he berating the board for its awful decision? With employees loosing their jobs and asked to make sacrifices here's a b
57 Travelin man : I'm just wondering -- do you berate your boss and call his/her decisions awful? If so, how long have you been unemployed? Parker is not stupid, and a
58 Aerofan : if he was not so stupid - he would find a way - like i do. i've been employed with my current company going on 14 years and 3 months now. and u? the n
59 Pgv : Don't agree on berating the board or sharing the money. While I agree that after the merger settles out the board should be forced to answer for bad
60 Travelin man : Great suggestion. Each employee would have received, what, $15 (before taxes)? Far better to invest the money back into the company. And I've been em
61 SeeTheWorld : That would amount to all of $22 per employee before taxes. It would cost more to distribute it. He did the right thing because he's smart, but it's h
62 YVRlonghauler : That's a very considerate decision; US employees will surely appreciate it, despite of anything wrong he might have done in the past
63 Aerlingusa330 : Absolutely. Very classy and respectful move by him and all CEO's should work in this same manner. With this mentality, I can see US re-emerging into
64 Rdwelch : Wolf? Maybe not by Enron/Worldcom/Texaco CEO bonus standards, but it should would buy the rest of us a truck load of Cheetos. Good job DP, even if I'
65 Starlionblue : Of course it would buy us that, but for a corporation that size such a bonus is nothing to raise any eyebrows. This is average upper management stuff
66 DTWAGENT : About time someone running an airline in management wakes up and does the right thing. Thank Doug. You will have employees that will trust you forever
67 HPRamper : Of course the symbolism is what's important here. Now if he'd been offered a bonus big enough to pay for a new A320, then we'd be talking about someth
68 UA772IAD : How admirable! All US airline executives really aren't that greedy, after all. If I were to run an airline (which I'd like to do someday, according to
69 Etops1 : you mean you saw a 737 with winglets in the new colors ? you must be very mistaken my friend.
70 HPRamper : Wow, I didn't know any of the 73X had been repainted, I'd like to see that. All I've seen in person have been Airbuses.
71 Post contains images FCYTravis : None of the 737s have been repainted, and they certainly don't have winglets. You saw an HP Airbus
72 UA772IAD : Ooops! You're right FCYTravis, It was a 320. I was on the train going in the opposite direction, and happend to look up to see it on approach. Sorry
73 HPRamper : I was wondering, for anyone in the know, is the plan for the 737s to be repainted last? All that's been in the shop (I think) has been Airbus, 757 and
74 Aerofan : ah but it is not the money is it? as you are trumpeting it is the gesture, the message that this would send! so if i understand correctly, such a gest
75 LTU932 : Truely commendable! This is the first time I see a CEO from any industry giving up such a bonus. Congrats on a great choice, Doug Parker! This is tru
76 HPRamper : I've seen it before, but very rarely. Never before in the airline industry.
77 Hawk44 : I know CO's executives have given up bonuses in the past but I think this is a good move by Doug Parker Hawk44
78 Pgv : This is still buggin me! Is this true?
79 Alitalia744 : While I think what he did was indeed very classy, he's far from being a C.E. Woolman
80 Tango-Bravo : Then please explain... Where would the $770,000 offered (but declined by Parker) have come from? Is this to say the members of the board would have o
81 Post contains images Belizexp : Outstanding move Mr.Parker I wish more C.E.O follow your lead.
82 Simpilicity : Exactly, at least he's sending the right message to his workers & not in it for short term money grab, but trying to get airline on stable feet.
83 Rdwelch : Back in the late 80's early 90's after FedEx bought Flying Tigers, Fred Smith and his executive staff did not take a bonus or pay increase for 3 year
84 HPRamper : Sorry, I meant I personally had never seen it happen in the industry. I wasn't paying attention to much of anything during that time period.
85 Rdwelch : Oh, that's cool, I wasn't flamming you. Gus
86 BR715-A1-30 : HA!!! Douglas Steenland wouldn't EVER do anything like that.. He is as greedy as his face suggests. He cares nothing about his employees and only abo
87 BigOrange : Kudos to the man. He could have made himself more popular by saying to the board "I won't take the money, but split it between every employee from sta
88 QXatFAT : That is why I chose to still fly HP. Great people!
89 Post contains images TWAMD-80 : Very respectable decision Mr. Parker! I was certainly glad to hear this. Maybe that conniving Tilton will take a hint - I won't hold my breath. TW
90 KL662 : So (and not trying to be negative here, just trying to understand the action), did he actually refuse the bonus? Or did he defer it until some new con
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