Southwest Airlines CEO Bob Jordan took home a 75% pay and compensation raise in his first year on the job, a year that ended in an epic debacle as the carrier’s...
Those bonuses and stocks are awarded based on the company hitting certain performance metrics for both finances and operations. Jordan won’t be eligible to cash in on much of the $3.6 million in stock awards for several years while the options vest.
Jordan’s compensation for 2022 was slightly higher than Southwest’s second-highest-paid executive, chairman Gary Kelly, who made $5.07 million after serving as CEO in January and then moving to oversee the board and do some lobbying in Washington, D.C., for the company.for the 16,700 flights the carrier canceled in December after weather and tech shortfalls essentially shut down operations around the Christmas holiday.
Among Southwest’s other top-paid executives were chief financial officer Tammy Romo, who made $2.78 million, and Jordan’s 2022 total compensation was 61.5 times higher than the average Southwest employee, who made $86,599.Chicago-based United Airlines and Atlanta-based Delta Air Lines have not yet released 2022 compensation for their top executives.
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