WestJet Executive Officers Salary and Benefits

WestJet Executive Officers Salary and BenefitsIt won’t be a complete picture without comparing Canadian second largest airliner WestJet with Air Canada. Bear in mind, though, WestJet operates mainly in North America whereas Air Canada operates globally. However, WestJet may one day expand its operation to worldwide.

** The total amount of remuneration received by the Corporation’s five highest paid Executives in 2010, not including Mr. Durfy, was $6,803,712.

Sean Durfy – Former President and Chief Executive Officer

Effective April 1, 2010, Mr. Durfy ceased his role as President, CEO and Director of WestJet.

Year Salary ($) Share Awards ($) Option Awards ($) Incentive ($) Other ($) Total
Compensation Granted in 2010 (can be paid in future, if not paid in 2010)
2010 131,918 936,250 0 0 2,070,084 3,138,252
2009 535,000 936,250 401,250 218,922 107,000 2,198,422
2008 500,000 875,000 375,000 871,000 100,000 2,721,000
Compensation Actually Paid in 2010
2010 131,918 2,897,682 145,049 190,937 2,070,084 5,435,670
2009 535,000 0 0 842,007 107,000 1,484,007
2008 500,000 0 72,054 457,798 100,000 1,129,852

Gregg Saretsky – Current President and Chief Executive Officer

Year Salary ($) Share Awards ($) Option Awards ($) Incentive ($) Other ($) Total
Compensation Granted in 2010 (can be paid in future, if not paid in 2010)
2010 450,274 1,251,772 397,313 437,738 90,055 2,627,152
2009 169,807 74,375 131,140 28,893 117,914 522,129
Compensation Actually Paid in 2010
2010 450,274 0 0 44,551 192,098 686,923
2009 169,807 0 0 3,684 17,914 191,405

Vito Culmone – Executive Vice-President, Finance and Chief Financial Officer

Year Salary ($) Share Awards ($) Option Awards ($) Incentive ($) Other ($) Total
Compensation Granted in 2010 (can be paid in future, if not paid in 2010)
2010 340,000 297,500 127,500 211,140 68,000 1,044,140
2009 340,000 297,500 127,500 72,862 68,000 905,862
2008 325,000 284,398 121,877 205,790 199,378 1,136,443
Compensation Actually Paid in 2010
2010 340,000 67,563 0 69,989 68,000 545,552
2009 340,000 0 0 185,978 68,000 593,978
2008 325,000 0 0 188,487 199,378 712,865

Robert Cummings – Executive Vice-President, Sales, Marketing and Guest Experience

Year Salary ($) Share Awards ($) Option Awards ($) Incentive ($) Other ($) Total
Compensation Granted in 2010 (can be paid in future, if not paid in 2010)
2010 340,000 297,500 127,500 211,140 68,000 1,044,140
2009 340,000 297,500 127,500 72,862 68,000 905,862
2008 310,000 271,269 116,255 196,292 62,000 955,816
Compensation Actually Paid in 2010
2010 340,000 81,080 42,804 70,296 68,000 602,180
2009 340,000 0 0 178,893 68,000 586,893
2008 310,000 0 0 166,557 62,000 538,557

Dr. Hugh Dunleavy – Executive Vice-President, Strategy and Planning

Year Salary ($) Share Awards ($) Option Awards ($) Incentive ($) Other ($) Total
Compensation Granted in 2010 (can be paid in future, if not paid in 2010)
2010 340,000 297,500 127,500 211,140 68,000 1,044,140
2009 340,000 297,500 127,500 72,862 68,000 905,862
2008 310,000 271,269 116,255 196,292 62,000 955,816
Compensation Actually Paid in 2010
2010 340,000 81,080 36,772 70,296 68,000 596,148
2009 340,000 0 5,921 178,893 68,000 592,814
2008 310,000 0 0 166,510 62,000 538,510

Ferio Pugliese – Executive Vice-President, People and Culture

Year Salary ($) Share Awards ($) Option Awards ($) Incentive ($) Other ($) Total
Compensation Granted in 2010 (can be paid in future, if not paid in 2010)
2010 340,000 297,500 127,500 211,140 68,000 1,044,140
2009 340,000 297,500 127,500 72,862 68,000 905,862
2008 281,846 249,417 114,381 180,462 146,369 972,475
Compensation Actually Paid in 2010
2010 340,000 49,969 0 70,156 68,000 528,125
2009 340,000 0 0 166,325 68,000 574,325
2008 281,846 0 0 117,369 146,369 545,584

Reference: WESTJET NOTICE OF 2011 ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS OF COMMON VOTING SHARES AND VARIABLE VOTING SHARES

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One Response to WestJet Executive Officers Salary and Benefits

  1. Matt on 2011/10/11 at 12:08 pm

    I agree westjet is not really a comparable operation. I would be interested in seeing an executive comp analysis featuring AC, United, American, Delta, and US Air. I was thinking of other flag carriers like Qantas, Singapore, Lufthansa, etc, but the comparison would be difficult given the very different geographies and home economies.

    Thanks

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