United to exit bankruptcy & CEO Tilton to head for the bank

i still have friends, good friends, working at that airline... i have watched over a period of 11 years as customers and employees have repeatedly gotten screwed by the sons-of-bitches who have the unvarnished balls to claim they provide leadership for that woe-begotten carrier... i personally lost a significant sum of money thanks to their mismanagement and greed... i've never been what anyone would consider well off and now i'm much less well off... there are a lot of good, honest, hard-working people associated with united that, year after year, have had to suck up management's shit... i see nothing has changed and i doubt that it ever will...

When United Airlines exits bankruptcy next month, CEO Glenn Tilton will receive stock and options worth $15 million, base pay of $605,625 and a bonus that could double his salary, according to court and internal company documents.

Mr. Tilton would receive 545,000 restricted shares and 822,000 options, about 1.1% of the $1.9 billion in equity United plans to issue. A compensation expert hired by United assumes the airline’s restricted stock would be worth $13.75 per share, and that the options would have a value of $9.12.

United’s proposed incentive plan for senior managers and directors is expected to be a contentious issue as a Chicago bankruptcy court begins hearings into the carrier’s road map for exiting bankruptcy Jan. 18.

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