Glenn Tilton

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Glenn Tilton (born April 1948 in Washington, DC) is the Chairman, President, and CEO of UAL Corporation, the parent company of United Airlines. He has held this role since September 2002, 3 months before UAL Corp. filed for Chapter 11 bankruptcy protection. He came to UAL from ChevronTexaco, where he was working since 1970. Glenn Tilton originally was going to follow his father's footsteps and join the government[citation needed]. He was on schedule to join the CIA when he was 21 but had 4 months until his start date and ended up starting a long time journey with Texaco. He speaks 3 languages - English, Spanish, and Portuguese.[citation needed]

He attracted the scorn of corporate ethics watchdogs for awarding himself a $366,000 bonus in 2004 and negotiating a deal in 2005 for upper management to receive $115 million of preferred stock if the company ever emerged from bankruptcy proceedings.[1]

After entering bankruptcy, Tilton sought and achieved major cuts in employees' pay and the termination of the employees' pensions. Tilton characterized these cuts as "shared sacrifices" among management and labor. However upon exiting bankrutpcy, Tilton received $39,700,000 in compensation and senior management received stock options worth hundreds of millions of dollars while the employees continued to receive bankruptcy wages. The generous payments to management after obtaining steep concessions from employees has created bitter labor relations at the airline.

Tilton is married and has two children. He lives in Chicago.

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