A company and CEO climbs back from bankruptcy over the backs of the employees who take massive pay c

A company and CEO climbs back from bankruptcy over the backs of the employees who take massive pay cuts . The Northwest CEO rakes in $21 million and more for stock options for himself and millions for executives. The excuse is to keep the higher mangament team in tact so that they won't be lured away because they did such a great job in pillaging the parts of the company,


Northwest Airlines CEO defends pay as company leaves bankruptcy


Associated Press - May 31, 2007 7:24 PM ET
MINNEAPOLIS (AP) - Northwest Airlines CEO Doug Steenland is defending his own pay as the company comes out of bankruptcy.
Steenland's pay has been a sore spot with some Northwest workers. He was set to get almost $$27 million in equity, including stock options that would vest in future years.

http://www.wkbt.com/Global/story.asp?S=6595478

also


NWA Pilots Rally Against Executive Greed
May 31 - Several hundred Northwest Airlines pilots, flight attendants, and other Minnesota workers rallied yesterday at the Minnesota State Capitol in St. Paul today to protest Northwest CEO Doug Steenland's egregious compensation package and the growing pay disparity between management executives and employees.