United Gave Former CEO $36.8 Million in Benefits
Photo via Hiroko Masuike/Getty Images
In September 2015, after a federal corruption investigation, Jeff Smisek left his job as United Airlines CEO, president and chairman, and was given $36.8 million in benefits from the airline, according to filings released Friday and obtained by CNN Money.
Smisek was given a $4.9 million severance package, $1.7 million as part of the airline’s annual incentive program and $29.4 million in equity-based awards, CNN Money reported Saturday.
The former CEO was given lifetime flight privileges and parking benefits in Houston and Chicago, the news agency said. He and his family will be able to keep their health insurance until Smisek is covered by Medicare. He will keep his life insurance, and he gets to keep the car that he helped purchase as CEO.
According to CNN Money, the filings state that Smisek could be required to pay United back about $10.1 million.
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