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Apr 21, 2008

NWA Boosts Payout For CEO If He Stays For Merger

Northwest Airlines said it would boost the payout for Chief Executive Doug Steenland if he stays until its combination with Delta Air Lines is finished.

The new agreement also takes away a financial incentive for Steenland to leave in June.

Northwest added another $3.6 million to his payout if he leaves after the company changes hands, to a total of roughly $11.4 million, according to a Securities and Exchange Commission on Friday. The new money is based on Friday's share price and will rise or fall with it. Read more

Read full story from CBS 4

Read All 10 Comments

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Showing posts 1 - 10 of 10
joe momma

Weatherford, TX

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#1
Apr 21, 2008
 
I don't 3.6 million additional is enough. It should be at least 20 million. Dougy has been such a great CEO.
Let them eat cake

Concord, MA

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#2
Apr 22, 2008
 
Oil up the guillotine. How much cash did the workers lose? WHEN WILL THE REVOLUTION START? CEO'S FIRST. 11.4 C'MON GET REAL !!!!!! WHO VOTED THAT TO HIM, THE OTHER CEO'S WHO WERE VOTED TO THE BOARD BY EVEN MORE CEO'S? ONCE AGAIN C'MON
Crew Bus

Birmingham, AL

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#3
Apr 22, 2008
 
Garnish Doug the Weasels wages till the debt owed Mn. is payed off. Make him wish he"d never seen Eagen.:)
fivext

Alexandria, VA

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#4
Apr 22, 2008
 
You have got to be kidding. Oil at $113, staffing at a minimum, and the BOD's enhances an already overly generous package. Where do these guys get the hutzpa. They would sell their mothers down the road if the 'shareholders' got a return.
Perspective is everything, and these yahoos have definetly lost theirs..
had enough

Charleston, SC

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#5
Apr 23, 2008
 
We all need to go to work--make a mess of the company-cause it to lose money ...now that must be how you make money these days..Guess we all had it backwards

This bunch of thieves is f..ing unbeleivable!!!!!
excalibur

Jacksonville, FL

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#6
Apr 23, 2008
 
guys, he'll be unemployed for a while and needs anything extra he can get, the poor thing. After all, rice prices have too gone up.....
joe momma

United States

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#7
Apr 23, 2008
 
and also, the dues at the country club just went up and it's costing more to keep the yacht
Teddy

Merritt Island, FL

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#8
Apr 24, 2008
 
Doug's really a great guy...
ramprat

Lodi, CA

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#9
Apr 25, 2008
 
fivext wrote:
You have got to be kidding. Oil at $113, staffing at a minimum, and the BOD's enhances an already overly generous package. Where do these guys get the hutzpa. They would sell their mothers down the road if the 'shareholders' got a return.
Perspective is everything, and these yahoos have definetly lost theirs..
--- But how are we going to attract good CEO's if the BOD dosen't pander and kiss his ass???-------What a revolting thought. spit spit spit Just proves that THEY live in another paralell world and THEY support their own ilk and are happy to do it for him. You and I are just the peons that are supposed to sacrafice for them so 'them' can live like kings. Just glad the passengers just keep comming and laying down the millions of dollars that go into 'their' pockets. The flying public knows nothing about these hugh bonusus and perks. Why don't the Unions take out full page adds in the MSP newspaper and others and let the paying public find out what kind of management and BOD they have at NWA. Just the facts. That's all you have to print.
whatever

Sterling, VA

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#10
Apr 25, 2008
 
I can't believe that this kind of theft is unpunished......this crook isn't doing squat, and gets an extra $3 mill, for what?????
And we claim to be a democratic society?
What a crock of s@#$%^&*t.......
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