You Knew This About United Didn't You?
I can proudly say I haven't flown since about September of 2007 and holding out best I can. There is a scathing and painfully entertaining post over at Conde Nast's Portfolio.com called Worst Airline Ever.
Let this quote heat up your areas.
One thing that isn't in doubt, however, is the financial wherewithal of the airline's upper management.
Tilton and his top executives emerged from the bankruptcy with 8 percent of the new United Airlines and a fast-vesting bonus plan that the New York Times called "insanity squared." Many of United's management team have been flipping their shares as soon as they vested, yielding tidy profits as the airline's shares topped out above $50. But rather than curb their enthusiasm now that the market has soured on the airlines in general and United in specific, Tilton et al will pitch a new executive-incentive plan at the airline's annual meeting in California on Thursday. If approved, it will create 8 million new shares for the benefit of the top brass.
In other words, no matter how rough the ride for United's employees and passengers, it will continue to be smooth sailing in the executive suite.