UP CEO gets bonus?

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Engineer James
Posts: 1195
Joined: Fri May 20, 2005 7:47 am
Location: South of CH 17.9 CSXT Detroit Subdivision

UP CEO gets bonus?

Post by Engineer James » Fri Mar 31, 2006 7:20 am

I hear Davidson got a $2.5 million dollar bonus, while he is on his way out. Is this ture? Who will replace him?

(MAJOR QUESTION): What will be his/her policy on rail excusions?

espee

Post by espee » Sat Apr 08, 2006 9:47 pm

From what I read, he got a $2.4 million bonus (his salary is $1.4) plus over 616k in stock options. His replacement is a guy by the name of Jim Young.

mikesummer

Post by mikesummer » Tue Jul 25, 2006 12:02 pm

I met Jim Young in beginning of April. He came to visit FTW since we have been #1 diesel shop in safety and releases (according to what I'm told). He seemed nice enough. I got off a locomotive onto a platform and BOOM, there he was. We knew he was coming but I thought he had already left. I was shocked. We talked for a minute or so and then he moved on with his entourage. There were many white hats in the shop that day.

slchub
Posts: 1590
Joined: Tue Mar 23, 2004 11:08 pm
Location: Sanford Auto Train

Post by slchub » Thu Jul 27, 2006 3:01 pm

But hey, who needs a bonus when your given free stock to cash in right?

25-Jul-06 DAVIDSON, RICHARD K.
Chairman 92,610 Indirect Acquisition (Non Open Market) at $83.96 per share. $7,775,535

25-Jul-06 DAVIDSON, RICHARD K.
Chairman 95,000 Direct Disposition (Non Open Market) at $0 - $83.96 per share. N/A

19-May-06 10B5-1 S/P FOR DAVIDSON, RICHARD K.
Officer 175,000 Direct Planned Sale $16,047,5001

19-May-06 DAVIDSON, RICHARD K.
Chairman 175,000 Direct Automatic Sale at $91.6179 per share. $16,033,132

16-Mar-06 DAVIDSON, RICHARD K.
Chairman 222,000 Direct Option Exercise at $56.50 per share. $12,543,000

16-Mar-06 DAVIDSON, RICHARD K.
Chairman 175,351 Direct Disposition (Non Open Market) at $90.25 per share. $15,825,427

And that is just from March of this year. I am sure Mr. Davidson is not hurting for money. Meanwhile I'll keep calling Timekeeping about that $12.00 claim they keep denying me.

cifn2
Posts: 543
Joined: Wed Mar 01, 2006 4:37 pm

Post by cifn2 » Sun Jul 30, 2006 7:01 am

lol $12.00 timekeeping?

slchub
Posts: 1590
Joined: Tue Mar 23, 2004 11:08 pm
Location: Sanford Auto Train

Post by slchub » Thu Aug 03, 2006 6:46 pm

yep, and I finally had it placed on last halfs time slip.

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