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Executive Investigator
Tracking and Analyzing Executive Salaries, Bonuses, and Perks
# Wednesday, August 06, 2008
From the USA TODAY:

JetBlue CEO Dave Barger will take a 50% pay cut for the second half of 2008, something Reuters calls "a show of solidarity with employees as the low-cost carrier struggles with soaring fuel prices and a slowing U.S. economy." Barger's base salary is $500,000 a year, presumably meaning that a 50% cut applied to the second half of the year will shave $125,000 from his salary. JetBlue disclosed the pay cut in a federal filing Monday, saying that Barger is making the move "in recognition of the challenges faced by the Company and its employees in the current industry environment."

Wednesday, August 06, 2008 2:02:42 PM UTC  #    Comments [1]  |  Trackback
Thursday, May 21, 2009 2:12:06 PM UTC
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