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David Neeleman is known for founding JetBlue Airways in 1998 and being the driving force behind its success. He served as CEO until 2007, when he transitioned to a key leadership role as Chairman of the Board. Neeleman built JetBlue...

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David Neeleman

Ex-CEO of JetBlue Airways

Sector of Economy

Industrials

CEO of JetBlue Airways for

9 years 2 months (Feb 1998 - May 2007)

Previous Experience

Unknown

Holdings

See how much did David Neeleman make over time.

David Neeleman held a significant stake in JetBlue Airways, which peaked with over 10.7 million shares, reflecting his deep commitment to the airline. This stake distinctly highlighted his belief in the company’s foundation and future. At one point, he held...

Insider Trading

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Compensation History

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David Neeleman's compensation while at JetBlue was centered on a fixed salary and performance-based bonuses. In his last working year as CEO, he earned a total of $283,545, which included a base salary of $200,000, a guaranteed bonus of $75,000, and additional contributions such as 401(k) matching. Notably, Neeleman often waived bonuses in previous years based on the company’s performance, showing that he prioritized the health of JetBlue and its team over personal financial gain. Throughout his tenure, there were no significant stock or option grants, indicating that his focus was on operational leadership and maintaining a stable growth trajectory rather than purely on compensation packages. This approach reflects a unique philosophy where compensation aligned closely with corporate performance.

Year

2007

Total Compensation

$283.55K

Salary

$200.00K

Board Justification

The compensation program is designed to recruit and retain talented leadership, implement measurable performance targets, and correlate compensation with stockholder value.

Bonus

$75.00K

Board Justification

Annual minimum guaranteed bonus as per employment agreement, paid in April 2008 for the 2007 fiscal year.

Other

$8.55K

Board Justification

Includes 401(k) matching contributions and life insurance premiums.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards were granted or vested in 2007.

Performance Metrics

Annual incentive bonuses based on corporate performance targets.

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