United Continental cut COO’s pay after Port Authority probe

Saturday, 02 May, 2016 0
United Airlines imposed a big pay cut on the salary of chief operating officer Greg Hart in relation to an internal corruption investigation.
 
Hart’s 2015 incentive pay was cut by $1 million for his role in the so-called ‘chairman’s flight’ scandal which cost the job of former CEO Jeff Smisek.
 
The probe investigated whether airline executives added flights to Columbia, South Carolina, purely to serve and buy influence from then-Port Authority chairman David Samson, who had a home there.
 
The proxy statement also showed United paid out $36.8 million to Smisek in severance payments and other benefits following his ousting.
 


 

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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.



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