United said in an SEC filing late Friday that Jake Brace, United Airlines’ CFO, will be paid $2.42 million after he retires at the end of the month.
Yes, there are more!
Here are just a few of the creative Jake Brace Captions you sent to me Friday. I haven’t even gleaned through all the Saturday offerings as of yet.
1. “We were this close to finishing the Continental merger when Big-Mouth Glenn blurts out he wants to manage the new company!!! I mean, BAM! it was just Glenn and me sitting in a room with 6 other empty swivel chairs a spinning…”
2.”Tell them that the idea is to not necessarily kill the golden goose but to squeeze every last….oh, that’s been used?”
3. “What a bunch of saps! I can’t believe how United’s employees let me get away with filling my saddle bags with all this loot at their expense — freaking unbelievable how they just stood there & took it lying down! A sucker is born every minute!”
4.“No, it was Glenn who dropped the ball.”
5.”I am not a criminal.”
6.”No, I’m ‘retiring’.”
7.”Believe you me, Glenn, crude oil will never be more than $50 a barrel.”
8. “See this brown spot on the end of my nose?”
9. “Yes, I have to admit, we’ve succeeded in making our financials so hard to understand, nobody even understands how much money we’re losing.”
10. “Listen, I was surprised as you when Glenn said he would groom Doug instead of me.”
My favorite of this bunch? Number one. And number ten. Stayed tuned for more!
Here’s the picture. You tell me what the caption should be. Either add to our comments below or send me a note directly.
Interesting news crossing the wires this morning as United Airlines has announced that Jake Brace, long-time CFO, is “retiring” from the company on Nov. 1.
A couple of things. One this is great news. Should have happened a long time before now however.
Secondly, Kathy Michaels, the former head of IR at United, is going to succeed him. That is also good news.
Of course, no news like this is what it appears to be on the surface, and the obvious question hitting my email box this morning more or less runs around this theme — did CEO Glenn Tilton finally push Jake out, in an attempt to put a lid on mounting calls for Glenn’s dismissal?
Or it could be that Jake has come to the conclusion that his days at United are numbered anyway — and he might as well get out now, with a fat retirement/consulting package, before things get much worse.
Speaking of that no-doubt bloated “retirement/consulting” compensation package — we, along with everyone else will be awaiting the details –when the company outlines the deal in an SEC filling.