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 Message Boards » » United CEO: Ride that Golden Parachute Page [1]  
HUR
All American
17732 Posts
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Hopefully to jail....

Quote :
"United Airlines CEO steps down after Port Authority probe....

Smisek will walk away with a $4.8 million "separation payment" according to a public filing from the company. He'll remain eligible for his year-end bonus and will"


Quote :
"Among the allegations being investigated by the government are that Samson used his position to get United to start a flight from Newark to South Carolina -- which was convenient to a home he owned."


http://money.cnn.com/2015/09/08/news/companies/united-airlines-ceo/index.html


Completely ridiculous this guy is getting a nearly 5 million payout to leave his job amid a federal criminal investigation. You would think shareholders would demand any contract for C-Level employees to void any separation pay for related to criminal activities.

If I was being investigated for an even a non-work criminal activity; i'd be shown the door with $0 "separation pay"

Think I'll start avoiding United as I don't want to help pay this guys "Separation Package"

[Edited on September 8, 2015 at 8:00 PM. Reason : A]

9/8/2015 7:56:47 PM

Kickstand
All American
11598 Posts
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Looks like the only major carriers worth a damn are now Southwest & Delta.

I flew United last year and it was okay. ^ This may sway my opinion some.

I flew American probably 3 years ago. They can suck a big fat dick!!!

9/8/2015 8:40:17 PM

goalielax
All American
11252 Posts
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$4.8M? bitch please. I worked at the home depot HQ when Bob Nardelli walked out ouf there with a $223M buyout.

9/8/2015 9:36:47 PM

NeuseRvrRat
hello Mr. NSA!
35376 Posts
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That cat ain't gonna bat an eye over $5 million either way.

9/8/2015 11:05:33 PM

TerdFerguson
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6600 Posts
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but guyz, the stock price is up $5 over the last year. He deserves this.............

Nevermind that those stock prices are due to epic repurchases over the summer:
http://www.newsmax.com/Finance/Companies/United-airlines-stock-buyback/2015/07/23/id/658621/

This is what "leadership" amounts to in our current economy.

9/9/2015 8:52:16 AM

dtownral
Suspended
26632 Posts
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why is it against the rules for the CEO of an airline to make a new airline route, why does the government care about that?

9/9/2015 8:58:50 AM

jbrick83
All American
23447 Posts
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Shoulnd't he be flying a private plane to his SC home? I doubt that mother-fucker is flying United to his multi-million dollar beach home...even if its first class.

9/9/2015 9:02:45 AM

afripino
All American
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I'm sure the people in Newark and SC appreciated the new route.

[Edited on September 9, 2015 at 9:13 AM. Reason : this wouldn't affect my ticket buying decision either way. just give me the lowest price.]

9/9/2015 9:13:32 AM

Bobby Light
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Quote :
"why is it against the rules for the CEO of an airline to make a new airline route, why does the government care about that?"

9/9/2015 9:44:35 AM

BobbyDigital
Thots and Prayers
41777 Posts
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If that's the shadiest thing he did, then he's probably one of the more ethical CEOs.

9/9/2015 11:33:36 AM

LastInACC
All American
1843 Posts
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white wins again.

9/9/2015 11:51:53 AM

A Tanzarian
drip drip boom
10995 Posts
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The route wasn't for the CEO:

Quote :
"The federal probe connected to the ousters of the executives is an outgrowth of the Chris Christie "Bridgegate" investigation, according to U.S. law enforcement officials.

Both the FBI and U.S. Attorney's Office in Newark, New Jersey, have been investigating David Samson, the former chairman of the Port Authority.

Among the allegations being investigated are that Samson used his position to get United to start a flight from Newark to South Carolina -- which was convenient to a home he owned.

United allegedly agreed to the request to curry favor with Samson and the Port Authority.

The Port Authority, an agency of New York and New Jersey, operates major public transportation routes in the two states including Newark Airport, a United hub.

Samson, an ally of Christie, stepped down from the Port Authority in March 2014 amid fallout over Bridgegate."


[Edited on September 9, 2015 at 12:08 PM. Reason : Ggggg]

9/9/2015 12:08:11 PM

Smath74
All American
93278 Posts
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NEW AIRPLANE ROUTE???????? BURY HIM UNDER THE PRISON!

9/9/2015 6:27:10 PM

stowaway
All American
11770 Posts
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that route was cancelled 3 days after samson resigned.

9/9/2015 8:02:02 PM

HUR
All American
17732 Posts
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Yeah I don't really see either how the plane route thing is such a big deal.

BTW you'd think as CEO he'd use the private company jet to fly for vacation.

9/9/2015 8:08:17 PM

Dentaldamn
All American
9974 Posts
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How do you guys not have an issue with the guy who essentially runs Newark airport getting special treatment from an airline CEO? The chairman of the port authority was in the United jet. Not a CEO.

Also HUR having an issue with corporate CEO payment makes me chuckle. You're a boner and arnt understand what is going on.

[Edited on September 9, 2015 at 9:25 PM. Reason : Hhh]

9/9/2015 9:13:39 PM

aaronburro
Sup, B
53068 Posts
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^^ The issue is that the new plane route was created in order to secure some kind of funding or better standing with a Port Authority project. It was basically a bribe to a gov't official.

9/9/2015 9:37:35 PM

justinh524
Sprots Talk Mod
27851 Posts
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Political corruption in NJ? WELL I NEVER

9/9/2015 10:32:53 PM

Dentaldamn
All American
9974 Posts
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The state runs on corruption!

9/9/2015 10:54:08 PM

HUR
All American
17732 Posts
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Quote :
"e issue is that the new plane route was created in order to secure some kind of funding or better standing with a Port Authority project. It was basically a bribe to a gov't"


That makes more sense. Hopefully the government sends this guy to jail and seizes his assets.

9/10/2015 1:50:53 AM

Dentaldamn
All American
9974 Posts
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Hopefully they seize his assets and burn the money bc poor people do not deserve hand outs.

9/10/2015 7:04:50 AM

afripino
All American
11425 Posts
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After the government seizes his money, I wonder how our black president will spend it?

-New Benz with Chrome Rims
-Making it Rain at the Strip Club
-Purple Drank

OR

- A responsible investment into a 401K and 529 account to save for his families youth's college tuition

9/10/2015 8:55:14 AM

eyewall41
All American
2262 Posts
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This is America, CEO's don't go to jail.

9/10/2015 9:49:17 AM

justinh524
Sprots Talk Mod
27851 Posts
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a parachute made of gold wouldn't work well.

9/10/2015 10:38:31 AM

 Message Boards » Chit Chat » United CEO: Ride that Golden Parachute Page [1]  
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