JohnKliewer
Sounds like their plan is to bring the company to its knees sooner rather than later. Flamboyance seems to have been the mantra du jour from day one with this outfit.
Sounds like their plan is to bring the company to its knees sooner rather than later. Flamboyance seems to have been the mantra du jour from day one with this outfit.
Life is good. Lose money…get a raise
One of these days and it may not be long we could find out if Wheels Up’s King Airs can make it to Cape Verde nonstop while loaded with the company’s executives and their piles of cash.
It is pretty disgusting but it is how America works. The payback for America is that these CEOs and board members don’t pay taxes on income, mansions, jets or their foreign registered yachts.
Awesome! Losses of $101 million and we hike the pay and compensation of the executives. What a country!
Capitalism at its finest! Time and again we show the rest of the world that America is a slave to to these money hungry failures. It’s not the immigrants that are ruining the country, it’s the capitalists!
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Everyone complains about “participation trophies”, but here we have something even worse: loser trophies. These people are literally getting rewarded for losing money.
Folks, you’re being much too harsh on this C suite team–they ARE making sacrifices by accepting 50 hours compensation in the King Airs instead of the Citations. How tormenting to be relegated to 300 knots versus 450+. Please, some compassion!
I thought in life you got rewarded after achieving defined goals. Apparently the board of directors at Wheels Up cares not about that nor the future of the company as they continue to let executive leadership burn through cash and reward mediocrity. The good-ol-boy network still exists and it’s corporate America…The Wheels Up CEO needs a dose of ACCOUNTABILITY!
To be fair, the filing specifically states the increases apply to the time he is wearing both hats. Not to say that can’t change, however.
Forgot to indicate sarcasm here…
Nailed it.