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This Tilton thing is way overblown. Again, he was hired as abankruptcy manager, if I remember correctly with the support of labor. He's not making much compared to what he's made in the past or what comparable CEOs make. But apparently he was willing to take on the job on those terms. Bonuses are a standard part of CEO pay packages and can be tied to any performance criteria the board wants, including just for the heck of it. But the term bonus has become so radioactive that it probably needs to be dropped.
As to whether Tilton has earned much the court is still out on that:
United Airlines Posts Wider 4Q Loss
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Look at the article in a little more depth; sure they are posting a larger loss then what had been expected. At the same time the article states that United posted a narrower loss for the full year by $1 billion compared to 03. We can also look at the fact that Tilton increased operating revenue by $1.4 billion while decreasing loss from operations by half a billion.