Not at the top anyway.
When Jeffrey Misner steps down as Continental’s chief financial officer on on Aug. 31, he pockets a bonus of nearly $3 million. Here’s his full retirement agreement filed with Securities and Exchange Commission.
This will replace stock options and keep him from working for another airline.
Also, the airline has agreed to give him a free parking place for life at Jacksonville airport, as long as he lives within 200 miles of the airport, and Continental continues to fly from there.
In related news, Continental has announced increased service fees for travelers redeeming and changing mileage awards. That includes the tripling of a fee for changing award travel or redepositing miles, from $50 to $150.
Additionally, passengers are already being charged $25 for a second bag, and after August 17, 2008, will have to pay for their tickets at the time they make reservations, instead of having a 24 hour hold on the booking.
But hey, someone has to pay for Mr. Misner’s $3 million bonus, and his free parking space for life.
