FCYTravis
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US Airways CEO Rejects $770,000 Bonus

Fri Mar 10, 2006 10:01 am

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.”
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antoniemey
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RE: US Airways CEO Rejects $770,000 Bonus

Fri Mar 10, 2006 10:03 am

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.
 
HPRamper
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RE: US Airways CEO Rejects $770,000 Bonus

Fri Mar 10, 2006 10:07 am

Too bad the former US Airways management wouldn't be caught dead turning down a pay raise or bonus.
 
N62NA
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RE: US Airways CEO Rejects $770,000 Bonus

Fri Mar 10, 2006 10:13 am

Very classy thing to do, Mr. Parker. Kudos!
 
September11
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RE: US Airways CEO Rejects $770,000 Bonus

Fri Mar 10, 2006 10:15 am

Wow, $770,000 is a big bonus. Interesting move by the CEO.
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mariner
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RE: US Airways CEO Rejects $770,000 Bonus

Fri Mar 10, 2006 10:16 am

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
 
FlightShadow
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RE: US Airways CEO Rejects $770,000 Bonus

Fri Mar 10, 2006 10:18 am

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."
 
reyes27
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RE: US Airways CEO Rejects $770,000 Bonus

Fri Mar 10, 2006 10:20 am

I believe he is using that $770,000 as a downpayment on good will
 
HPLASOps
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RE: US Airways CEO Rejects $770,000 Bonus

Fri Mar 10, 2006 10:24 am

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.
"Just because I know how to get off a freeway doesn't mean I know how to get back on!" - Retard Joe
 
bennett123
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RE: US Airways CEO Rejects $770,000 Bonus

Fri Mar 10, 2006 10:32 am

This is called leadership.

Bravo.
 
HPLASOps
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RE: US Airways CEO Rejects $770,000 Bonus

Fri Mar 10, 2006 10:37 am

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.
"Just because I know how to get off a freeway doesn't mean I know how to get back on!" - Retard Joe
 
N754PR
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RE: US Airways CEO Rejects $770,000 Bonus

Fri Mar 10, 2006 10:53 am

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.
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HPRamper
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RE: US Airways CEO Rejects $770,000 Bonus

Fri Mar 10, 2006 10:57 am

I'm still waiting for a negative spin on this. I know SOMEONE is going to do it eventually  Wink
 
captaink
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RE: US Airways CEO Rejects $770,000 Bonus

Fri Mar 10, 2006 11:01 am

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....
 
Cadet57
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RE: US Airways CEO Rejects $770,000 Bonus

Fri Mar 10, 2006 11:02 am

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.
 
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mariner
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RE: US Airways CEO Rejects $770,000 Bonus

Fri Mar 10, 2006 11:06 am

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
 
jacobin777
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RE: US Airways CEO Rejects $770,000 Bonus

Fri Mar 10, 2006 11:08 am

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!"
 
captaink
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RE: US Airways CEO Rejects $770,000 Bonus

Fri Mar 10, 2006 11:10 am

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....
 
WJ
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RE: US Airways CEO Rejects $770,000 Bonus

Fri Mar 10, 2006 11:45 am

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.
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ltbewr
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RE: US Airways CEO Rejects $770,000 Bonus

Fri Mar 10, 2006 11:48 am

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.
 
SonOfACaptain
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RE: US Airways CEO Rejects $770,000 Bonus

Fri Mar 10, 2006 11:49 am

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
 
SFORunner
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RE: US Airways CEO Rejects $770,000 Bonus

Fri Mar 10, 2006 11:58 am

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.
 
COERJ145
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RE: US Airways CEO Rejects $770,000 Bonus

Fri Mar 10, 2006 12:25 pm

Now if only Chainsaw Steenland would do that......
 
aogdesk
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RE: US Airways CEO Rejects $770,000 Bonus

Fri Mar 10, 2006 12:32 pm

Management 101. Hard to believe he stands alone amongst his peers...
 
luv2fly
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RE: US Airways CEO Rejects $770,000 Bonus

Fri Mar 10, 2006 12:35 pm

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
 
WesternA318
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RE: US Airways CEO Rejects $770,000 Bonus

Fri Mar 10, 2006 12:56 pm

Quoting September11 (Reply 4):
Interesting move by the CEO.

Very Interesting indeed, he is a phenomenal leader, almost on the same level as a CE Woolman, or Gordon Bethune.

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

He is making major inroads with the US employees that the previous versions of management refused to do, since they all came from the Frank Lorenzo school of treating your companys lifeblood like dirt.

Quoting N754PR (Reply 11):
I hope this makes the people working for him feel good.

I worked at HP in 2003 in PHXHQ, and I had the pleasure of working closely with him on several projects, including the A318 transfer to A319 orders.

Quoting LTBEWR (Reply 19):
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.

Exactly, and this is why there is no labor unrest at US right now, theyre just trying to iron out all the wrinkles.

Quoting Aogdesk (Reply 23):
Management 101. Hard to believe he stands alone amongst his peers...

Oh I know...unfortunately this is true.
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phxplanes
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RE: US Airways CEO Rejects $770,000 Bonus

Fri Mar 10, 2006 2:11 pm

I already like him and now I like him even more.

He did better then those United guys who accepted a ton of money.
 
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mariner
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RE: US Airways CEO Rejects $770,000 Bonus

Fri Mar 10, 2006 2:19 pm

Quoting Captaink (Reply 17):
Cause the idea of him being noble by refusing this bonus, starts to look less noble.

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 mistakes is a great thing in a leader.

cheers

mariner
aeternum nauta
 
SeaMeFly
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RE: US Airways CEO Rejects $770,000 Bonus

Fri Mar 10, 2006 2:26 pm

Quoting COERJ145 (Reply 22):
Now if only Chainsaw Steenland would do that......

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 before he runs away with the big bone(uses).
 
F9Animal
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RE: US Airways CEO Rejects $770,000 Bonus

Fri Mar 10, 2006 2:47 pm

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 itself will raise morale at the airline. I wonder if Icahn, Lorenzo, Wolf, or any other trash ball is shaking their heads at this one.

Way to go Parker! With a CEO providing behavior like that, he may have the ticket to running this airline to success.
I Am A Different Animal!!
 
WesternA318
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RE: US Airways CEO Rejects $770,000 Bonus

Fri Mar 10, 2006 2:55 pm

Quoting F9Animal (Reply 30):
. That in itself will raise morale at the airline. I wonder if Icahn, Lorenzo, Wolf, or any other trash ball is shaking their heads at this one.

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 hunting in TX woodlands*
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HPRamper
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RE: US Airways CEO Rejects $770,000 Bonus

Fri Mar 10, 2006 2:56 pm

Nope, still no real negative post yet Big grin
 
F9Animal
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RE: US Airways CEO Rejects $770,000 Bonus

Fri Mar 10, 2006 3:01 pm

Quoting HPRamper (Reply 32):
Nope, still no real negative post yet Big grin

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, another CEO afraid to show greed.


How was that HPRamper?
I Am A Different Animal!!
 
flyboyaz
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RE: US Airways CEO Rejects $770,000 Bonus

Fri Mar 10, 2006 3:03 pm

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 groups...wasn't quite clear though.
Catch a ride on a smile!
 
HPRamper
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RE: US Airways CEO Rejects $770,000 Bonus

Fri Mar 10, 2006 3:03 pm

You sounded way too gleeful in that post, otherwise, I like it!  Wink
 
WesternA318
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RE: US Airways CEO Rejects $770,000 Bonus

Fri Mar 10, 2006 3:03 pm

Quoting F9Animal (Reply 33):
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, another CEO afraid to show greed.


How was that HPRamper?

LOL, no REAL negative post yet...  box 
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supa7E7
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RE: US Airways CEO Rejects $770,000 Bonus

Fri Mar 10, 2006 3:29 pm

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 to be an airline CEO and see this news... they just lost $770k each thanks to Doug's move, and they are the nation's poorest corporate CEOs already! Ouch.

In terms of PR, a brilliant move. But morally, giving your $ to a big corporation pales compared to real charity. Bizarre stuff... not "normal / to be expected" .
"Who's to say spaceships aren't fine art?" - Phil Lesh
 
HPRamper
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RE: US Airways CEO Rejects $770,000 Bonus

Fri Mar 10, 2006 3:44 pm

Quoting Supa7E7 (Reply 37):
Id hate to be an airline CEO and see this news... they just lost $770k each thanks to Doug's move, and they are the nation's poorest corporate CEOs already! Ouch.

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.  Big grin
 
WesternA318
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RE: US Airways CEO Rejects $770,000 Bonus

Fri Mar 10, 2006 5:34 pm

Quoting HPRamper (Reply 38):
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.

Let us not forget their OWNED G-4's, even though they run an AIRLINE
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SFORunner
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RE: US Airways CEO Rejects $770,000 Bonus

Fri Mar 10, 2006 6:21 pm

Quoting Supa7E7 (Reply 37):
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.

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.
 
dutch122
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RE: US Airways CEO Rejects $770,000 Bonus

Fri Mar 10, 2006 10:23 pm

Well done, more CEO's should follow this to show some respect towards their personnel.

Dutch122
 
adh214
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RE: US Airways CEO Rejects $770,000 Bonus

Fri Mar 10, 2006 10:47 pm

Quoting WJ (Reply 18):
This bonus would have come directly from the board and not out of the operation or anyone else's pocket.

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 pay check. Because he did not accept the bonus, this money will fall directly to the buttom line and make US Airways more profitable (or less unprofitable) as their expenses are $770,000 less than they would have been if he had accepted the bonus.

The board is made up of shareholders. They get paid director fees for serving on the board by US Airways. They do not open their personal checking accounts to pay bonuses to executives.

Kudos to Doug Parker for not accepting this bonus and please let's remember this when he does accept a bonus at some future date. Long live US Airways.

Andrew
 
DrupyUSE
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RE: US Airways CEO Rejects $770,000 Bonus

Sat Mar 11, 2006 12:23 am

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 financial hole that we are in right now.
 
captaink
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RE: US Airways CEO Rejects $770,000 Bonus

Sat Mar 11, 2006 12:50 am

Quoting SFORunner (Reply 21):

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

Good point.

Quoting Mariner (Reply 27):

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 mistakes is a great thing in a leader.

cheers

mariner

Possibly this is true, and I totally understand where you are coming from.
There is something special about planes....
 
fokkerf28
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RE: US Airways CEO Rejects $770,000 Bonus

Sat Mar 11, 2006 12:53 am

Great move Mr. Parker, I'm glad to be part of your team trying to return our new airline to profitability.. Kudos!!!!
 
pmg1704
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RE: US Airways CEO Rejects $770,000 Bonus

Sat Mar 11, 2006 1:53 am

Quoting Supa7E7 (Reply 36):
He should have taken the $$ and given it to the United Way, in a perfect world.

Forget the United Way, give it to the Pension Benefit Guarantee Corp...
 
pgtravel
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RE: US Airways CEO Rejects $770,000 Bonus

Sat Mar 11, 2006 2:02 am

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

I love it! That's a great way to put it.
 
swaopsusafatc
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RE: US Airways CEO Rejects $770,000 Bonus

Sat Mar 11, 2006 2:06 am

Ahh take it and split it between all the employees.. No I'm not one but that would be awesome!
 
SeeTheWorld
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RE: US Airways CEO Rejects $770,000 Bonus

Sat Mar 11, 2006 2:20 am

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 that, in this day and age, we almost annoint nobility to a CEO of any company that has been losing lots of money when he/she doesn't take a huge bonus? Damn, how the bar has been lowered!

Based on all the egregious bonus-grabs in the past few months and years, Parker looks like a leader based on this one act (even though his quality leadership has been proven in other ways) by not doing something that clearly would have been a PR disaster and boneheaded had he done it.

He is a strong leader, but not because he didn't take this bonus.
 
kith
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RE: US Airways CEO Rejects $770,000 Bonus

Sat Mar 11, 2006 2:38 am

What airline has their own private jets? -Matt in KITH