BUSINESS IS BUSINESS

AIM YOUR HOOK AT THE MAN IN THE STREET

Let's just do the math this time.

UAL Corp., United Airlines, CEO Glenn Tilton received cash compensation (salary and bonus’) of U.S. $1,123,225 in 2004. That is $540 per hour. Reservationists at United start at less than $9 per hour. Mr. Tilton makes 60 times more than a worker he feels needs to make reasonable sacrifices. Senior reservationists, people who have been with the company many more years than Mr. Tilton, make less than $18 per hour. He makes 30 times more than they do and they have invested their lives into the job far more than he has. Mr. Tilton has a severance package that would net him more than $5.4 million along with a guaranteed pension of $4.5 million.

He initially got a signing bonus of several million when he took the job as CEO. He was already well ahead of his workers in compensation from the start.

UAL Corp. CEO Glenn Tilton feels his workers make too much and need to make more sacrifices. United Airlines wants to void all contracts with their workers and cut severely their livelihood.

United must be flying to other planets since its demands are out of this world.