Don't be surprised if US Airways' employee unions have some comment next week on a document the airline filed late today with the Securities and Exchange Commission. The Form 8-K, which can be found on the investor relations portion of usairways.com, outlines the company's executive compensation plan. Once you plow through the verbiage, you see what the bosses get if the company meets certain financial performance targets. This is a normal exercise in corporate America, including at companies where the employees have taken pay cuts while they were operating in Chapter 11 bankruptcy protection. Happy reading!
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Executive compensation at US Airways
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Tom Belden, a former Inquirer business writer, has written about Philadelphia International Airport, airlines, the travel industry, the conventions and meetings business for 25 years. He has traveled to all 50 states and extensively in Europe and Mexico.
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Comments (1)
I want to be compensated, just like the bigshots.. Compensated for putting up with all the ^%$%^.
Posted by steve | March 30, 2007 9:04 PM
Posted on March 30, 2007 21:04