•   
  •   
  •   

Travel CEOs' 2020 pay DOUBLED as they laid off thousands due to COVID

01:20  23 april  2021
01:20  23 april  2021 Source:   dailymail.co.uk

Pet adoptions, flu upside, delivery service laws: News from around our 50 states

  Pet adoptions, flu upside, delivery service laws: News from around our 50 states How the COVID-19 pandemic is affecting every stateStart the day smarter. Get all the news you need in your inbox each morning.

Gary C. Kelly, Doug Parker are posing for a picture: MailOnline logo © Provided by Daily Mail MailOnline logo

American corporate executives, some of whom run companies that received millions in loans from the federal government, took home increased pay and bonuses in 2020 despite laying off or furloughing workers due to the pandemic.

Southwest Airlines CEO and chairman Gary Kelly was awarded a record $9.2million in salary, stock options, and other compensation in 2020 even though his company lost $3.1billion due to the COVID-19 pandemic.

Kelly and other top executives at the company saw their salaries increase between 5 and 14 per cent in 2020, according to SEC filings.

Dr. Fauci Warns “Don’t” Do This Before or After COVID Vaccine

  Dr. Fauci Warns “Don’t” Do This Before or After COVID Vaccine "Don't declare victory prematurely. Let's continue to abide by the public health measures," Doctor Anthony Fauci said.As coronavirus deaths approach 200,000 in the United States, Dr. Anthony Fauci, the nation's top infectious disease expert, joined CNN's Jim Acosta on The Situation Room to discuss how you can help control the outbreaks that might be sparked over the long weekend. Read on to hear his essential advice, and to ensure your health and the health of others, don't miss these Sure Signs You've Already Had Coronavirus.

The filings were first reported by the Dallas Morning News.

Gary C. Kelly wearing a suit and tie: ( © Provided by Daily Mail (

Southwest received more than $6.7billion in government grants and threatened to furlough employees if the union did not agree to 10 per cent wage cuts.

After the government approved a second round of stimulus checks in December, the airline said it would not make any wage or employee cuts in 2021 - even though the company was losing money.

Kelly’s base salary and base pay fell in 2020 - from $750,000 the prior year to $562,500.

But he made $300,000 in bonuses as well as $7.1million in stock awards. Kelly also received $1.25million in other compensation.

A company spokesperson said that the stock grants were awarded in January 2020 - before the onset of the pandemic.

This Puts You at Higher Risk of Severe COVID, Says New CDC Study

  This Puts You at Higher Risk of Severe COVID, Says New CDC Study A new study reinforces that having one condition greatly increases your risk of having severe COVID-19: Obesity. In the study, the Centers for Disease Control and Prevention looked at more than 148,000 people who'd been treated for COVID-19 at 238 U.S. hospitals between March and December 2020. Of this group, 28.3% were overweight and 50.8% had obesity. Read on—and to ensure your health and the health of others, don't miss these Sure Signs You've Already Had Coronavirus.

The CARES Act provided aid to airlines on condition that they did not lay off workers, buy back stock, or distribute dividends to shareholders.

Kelly’s pay package was based on the company’s performance in 2019, when it raked in $2.3billion in profit. It was the 47th consecutive year that Southwest finished in the black.

American Airlines also reported a massive loss in 2020 - $8.9billion worth after earning $1.7billion in 2019.

The financial blow that was dealt as a result of the COVID-19 pandemic forced the airline to lay off thousands of employees.

Doug Parker wearing a suit and tie: ( © Provided by Daily Mail (

Nonetheless, CEO Doug Parker took home more than $7million in stock options, according to the View From The Wing blog - this despite the fact that the company secured some $9billion in financial assistance from the federal government.

DailyMail.com has reached out to American Airlines seeking comment.

Going Here Exposes You to COVID, CDC Warns in New Study

  Going Here Exposes You to COVID, CDC Warns in New Study With 5.4 million jobs lost, women, especially Black and Latina women, have been disproportionally affected by job loss during the pandemic. Several moms share their experiences, and tech CEO Reshma Saujani proposes a Marshall Plan for Moms relief program. NBC News special anchor Maria Shriver reports for TODAY.

The cruise industry also got hit hard by the COVID-19 pandemic. Norwegian Cruise Line lost some $4billion in 2020, forcing it to furlough hundreds of employees and cut wages of its remaining staff by 20 per cent.

Nonetheless, Norwegian CEO Frank Del Rio saw his pay double last year to $36.4million.

This included a $3.6million bonus as well as a one-time bonus of $2.8million.

A Norwegian spokesperson told The Wall Street Journal that the pay increase was part of a three-year contract extension. Del Rio also benefited from special payouts tied to the management team’s performance during the pandemic.

Another company that was hit hard during the pandemic was Hilton, the world’s second-largest operator of hotels.

a man wearing a suit and tie: ( © Provided by Daily Mail (

The company reported a $720million loss in 2020, including a $225million loss in the fourth quarter.

Hilton laid off roughly 22 per cent of its global corporate staff and furloughed thousands of others.

Nonetheless, the company’s CEO, Chris Nassetta, received a bonus worth $13.7million in Hilton shares, according to CBS News.

The Vaccine May Cure Long COVID, But Experts Aren’t Sure

  The Vaccine May Cure Long COVID, But Experts Aren’t Sure Dozens of COVID-19 long haulers claimed that their symptoms improved slightly or were nearly eliminated altogether after receiving vaccine.“I started getting texts and calls from some of my colleagues saying hey, are your patients with long COVID reporting that they’re feeling better after the vaccine?” Daniel Griffin, an infectious diseases clinician and researcher at Columbia University, told The Verge, adding that his patients started confirming it to him. “It’s not 100 percent, but it does seem like to be around a third,” he says.

The company board also made modifications to stock grants that could add tens of millions to his overall pay.

In SEC filings, Hilton said that it paid Nassetta a total of $56million in 2020 - more than double what he made in 2019.

A spokesperson for Hilton told CBS News that the figure is inflated due to ‘accounting and disclosure rules’ and that Nassetta’s actual pay is $20.1million, a slight drop from what he made in 2019.

‘Our CEO did not take home $55.9 million in 2020,’ the spokesperson said.

Yum Brands, the conglomerate that owns popular brand names like Kentucky Fried Chicken, Pizza Hut, and Taco Bell, paid its CEO, David Gibbs, $9.5million last year despite the fact that earnings fell companywide by 25 per cent.

Xavier Ortiz wearing a suit and tie: ( © Provided by Daily Mail (

Foot Locker, the sporting goods retailer, paid CEO Richard Johnson $12million, 30 per cent more compared to 2019, according to CBS News.

While Johnson saw his pay increase, the company furloughed almost all of its workers without pay beginning in late April 2020. It has since offered to rehire most of them.

The pay increase was made even though Foot Locker’s annual sales reached an all-time high in 2019 - $8billion.

Due to the closure of stores brought about by the coronavirus pandemic as well as the protests against the police-involved killing of George Floyd, the sales fell by 5.7 per cent to $7.548billion.

Read more

The most talked-about gala dresses .
From the risqué to the eccentric to the overtly political, here are the red-carpet dresses that people just couldn’t stop talking about.

usr: 0
This is interesting!