MSYtristar
Topic Author
Posts: 7543
Joined: Sat Aug 27, 2005 12:52 am

Frontier To Pay Directors More

Sat Jul 30, 2005 10:01 pm

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.
 
luv2fly
Posts: 11056
Joined: Tue May 13, 2003 2:57 am

RE: Frontier To Pay Directors More

Sat Jul 30, 2005 11:40 pm

It is the norm and not the exception with all companies, not just airlines.
You can cut the irony with a knife
 
Midway2AirTran
Posts: 847
Joined: Wed Jul 16, 2003 7:34 am

RE: Frontier To Pay Directors More

Sun Jul 31, 2005 12:27 am

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 avatar
mariner
Posts: 18198
Joined: Fri Nov 23, 2001 7:29 am

RE: Frontier To Pay Directors More

Sun Jul 31, 2005 4:07 am

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