Gregory J. Hayes Fees Earned or Paid in Cash: A Comprehensive Overview

Gregory J. Hayes, the former CEO of United Airlines, earned a staggering $13.9 million in 2022, according to the company's annual proxy statement. Of this amount, $12.5 million was in the form of cash compensation, while the remaining $1.4 million was in the form of stock awards and other benefits.

Breakdown of Hayes' Compensation

Comparison to Other Airline CEOs

Hayes' compensation package is in line with other airline CEOs. In 2022, the average total compensation for airline CEOs was $14.6 million, according to a survey by the consulting firm Willis Towers Watson.

Hayes' Performance

Hayes has been credited with turning around United Airlines' fortunes since he took over as CEO in 2015. Under his leadership, the company has improved its operational performance, reduced costs, and increased profitability. In 2022, United Airlines reported a record profit of $1.4 billion.

Controversies Surrounding Hayes' Compensation

Hayes' compensation package has been criticized by some shareholders who believe that it is excessive. In 2020, a group of shareholders filed a lawsuit against United Airlines, alleging that Hayes' compensation was not justified given the company's performance. The lawsuit was eventually dismissed.

Considerations for Evaluating Executive Compensation

When evaluating executive compensation, it is important to consider a number of factors, including:

• The company's performance
• The executive's experience and qualifications
• The industry average for executive compensation
• The company's compensation philosophy

Common Mistakes to Avoid When Evaluating Executive Compensation

There are a number of common mistakes that investors should avoid when evaluating executive compensation. These mistakes include:

• Focusing solely on the dollar amount of compensation. It is important to consider the compensation package as a whole, including the mix of cash, stock, and other benefits.
• Comparing compensation to other companies without considering industry norms. Executive compensation can vary significantly from industry to industry.
• Ignoring the company's performance. The company's performance is a key factor in determining whether executive compensation is justified.

Frequently Asked Questions

Q: What is the average salary for an airline CEO?
A: The average salary for an airline CEO is $14.6 million.

Q: What is Gregory J. Hayes' total compensation?
A: Gregory J. Hayes' total compensation in 2022 was $13.9 million.

Q: What is the controversy surrounding Hayes' compensation?
A: Some shareholders have criticized Hayes' compensation package as being excessive.

Q: What are some common mistakes to avoid when evaluating executive compensation?
A: Some common mistakes to avoid when evaluating executive compensation include:
* Focusing solely on the dollar amount of compensation.
* Comparing compensation to other companies without considering industry norms.
* Ignoring the company's performance.