April 11, 2003

Word of the day: Incentivized
Posted by jbutler@bostonworks.com">Jason Butler at 9:03 AM -

New York Times columnist Daniel Akst is not happy about the fact that, despite losses and bankruptcy, the chief executives of troubled airlines still end up with piles and piles of money.

The [airline] industry clings to the old-fashioned system, which means high pay and stock options. When times are good, airline chief executives, like their counterparts in other industries, are paid a fortune. When times are bad, they still become rich.

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