Southwest CEO's compensation nearly doubled in 2022 despite December debacle

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Southwest CEO's compensation nearly doubled in 2022 despite December debacle
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Southwest Airlines CEO Robert Jordan’s compensation nearly doubled last year to $5.3 million after being promoted to the top job during a year that ended...

DALLAS — Southwest Airlines CEO Robert Jordan’s compensation nearly doubled last year to $5.3 million after being promoted to the top job during a year that ended with massive flight cancellations that will cost Southwest more than $1 billion.

In... DALLAS — Southwest Airlines CEO Robert Jordan’s compensation nearly doubled last year to $5.3 million after being promoted to the top job during a year that ended with massive flight cancellations that will cost Southwest more than $1 billion. In 2022, Jordan received stock awards valued at $3.6 million, $676,875 in salary, a $195,720 cash bonus and $782,880 in incentive compensation, plus retirement-plan benefits. The eventual value of the stock awards will depend on the company’s financial performance from 2022 through 2024.

Bonuses declined for three other executives listed in the proxy, but Chief Operating Officer Andrew Watterson — who, like Jordan, got promoted last year — got a larger bonus than in 2021.

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