=20 ---------------------------------------------------------------------- This article was sent to you by someone who found it on SF Gate. The original article can be found on SFGate.com here: http://www.sfgate.com/cgi-bin/article.cgi?file=3D/news/archive/2002/03/28/f= inancial0806EST0024.DTL ---------------------------------------------------------------------- Thursday, March 28, 2002 (AP) United spent $5.7 million on Goodwin's buyout (03-28) 05:06 PST CHICAGO (AP) -- The parent company of United Airlines spent $5.7 million last year to buy out the remaining three years of a contract with its former chairman and chief executive officer. The payment was in addition to the nearly $1.5 million in salary and bon= us that James E. Goodwin got in 2001, according to UAL Corp.'s proxy filed with the Securities and Exchange Commission. Goodwin also received $13,900 for financial advisory services, $14,280 f= or club memberships and $22,199 for auto benefits. Goodwin resigned in October after telling employees in a letter that the company might "perish" unless it stopped financial losses following the Sept. 11 terrorist attacks. For the full year, the Elk Grove Village, Ill.-based carrier reported a $2.1 billion loss. Frank Larkin, a spokesman for United's machinists union, called Goodwin's buyout package outrageous. "We have got thousands of people still out of work with their unemployme= nt running out," Larkin said. The airline laid off 20,000 of its approximately 100,000 employees after the attacks. Goodwin's severance package includes $204,234 for accrued but unused vacation and $107,125 for life insurance premiums. UAL also awarded Goodwin options for 309,600 shares. =20 ---------------------------------------------------------------------- Copyright 2002 AP