US Courts Limit EU Compensation Claims, Doug Parker Gives Me an Idea, and 1000 Free Avios

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About Gary Leff

Gary Leff is one of the foremost experts in the field of miles, points, and frequent business travel - a topic he has covered since 2002. Co-founder of frequent flyer community, emcee of the Freddie Awards, and named one of the "World's Top Travel Experts" by Conde' Nast Traveler (2010-Present) Gary has been a guest on most major news media, profiled in several top print publications, and published broadly on the topic of consumer loyalty. More About Gary »

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  1. Your new website is terrible!!! I now just delete your daily emails and have finally unsubscribed. Change isn’t always necessary or a good thing.

  2. What are the tax implications of compensation in miles? It would be interesting to see what value a program head would claim for yhe miles they receive.

  3. As a finance person, you know that paying the head of a frequent flyer program in miles is not an equivalent incentive to Parker’s salary in stock, right? The primary purpose of a for profit company is to generate returns for the shareholders, both short term and long term appreciation and dividends.

    The primary purpose of a frequent flyer program is to decreasingly encourage loyalty, monetize a brand, and generate profits for the parent airlines. Your incentive would be same as paying the head of the Fed based on the exchange rate for the US dollar against a basket of other currencies. You would certainly encourage a strong dollar, but at the cost of all the other aspects of the job, including managing inflation, growth, etc.

    Lots of other problems, like the first thing a FF head paid in miles would have to do is make the currency freely exchangeable and transferable, otherwise he wouldn’t be able to pay for his mortgage, kids schooling, etc.

    Finally, there is the issue of taxes, as Ron points out. Not just income tax, but also payroll taxes, social security, etc.

  4. I (a liberal Democrat) would normally consider Tom Rooney an a-hole, but on this one issue, he may be right!!!

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