Southwest Airlines CEO Bob Jordan, who was then Executive Vice President and Chief Commercial Officer, testifies at the U.S. Capitol in Washington, D.C., U.S., May 2, 2017. REUTERS/Kevin Lamarquepaid a higher bonus to Chief Executive Bob Jordan, a regulatory filing showed, even after the company promised to cut executive incentive pay after it canceled about 17,000 flights around the Christmas holiday, disrupting travel for 2 million customers and costing the company more than $1 billion.
The Dallas-based carrier also paid a higher bonus to Chief Operating Officer Andrew Watterson. However, it cut the incentive pay for other top executives. A Southwest spokesperson attributed the increased bonus payments to Jordan and Watterson's job promotions. Jordan served as executive vice president until Feb 1, 2022, when he became the company's CEO. Watterson served as chief commercial officer through last September.
CEO does what's best for the ceo. It's the law.
Come on… People focus on a less than 200k$ bonus out of a 5.3 M$ total compensation! Is that really the issue here? 5.3M$!!!
Why did the board approve this? I would love to see this guy’s performance goals.
I'm curious where the bonus comes from.
This is EXACTLY why inflation is outta control. CORPORATE GREED!!! Thank the gop for allowing corporations to run wild with ZERO ACCOUNTABILITY!
Capitalism 🫠🇺🇸
K
Kh
Clearly this is wrong.
Does everyone at LUV get a bonus?
Bonus structures are worth understanding.
Here you go, fixed it for you!
Wonder if the various SWA unions have anything to say about this?
Of course.
They call this “failing upwards”. It’s a thing.
So what! It's based upon the company profitability over the year not 2 weeks.
Welcome to capitalism