United Continental’s new president gets initial US$5m bonus

United Continental Holdings released details Tuesday of the base salary and other compensation for its newly hired president, Scott Kirby, who shifted into the job from the same post at rival American Airlines Group. Kirby, who was hired Monday, is slated to collect an annual base salary of US$875,000 and a $5m sign-on bonus, among other incentive-based compensation. In the case of his termination, Kirby would be granted a severance package that includes a payment equal to double his salary, among other compensation. At United, Kirby will report directly to Oscar Munoz, the CE, and have responsibility for operations, marketing, sales, revenue management, and network planning. Kirby’s experience is seen as taking some of the burden off Munoz and providing the company with another source of deep industry knowledge. <br/>