Doug Parker, who is the CEO of American Airlines has chosen to be paid entirely in stock rather than salary. Let us explore his earnings, net worth, wife, kids, family, and more in the article below.
William Douglas Parker who is also known as Doug Parker is the current Chairman and CEO of American Airlines Group, Inc., which is the parent company of American Airlines.
Moreover, Parker became Chief Financial Officer of America West Airlines in 1995 after returning to the United States.
In addition, he moved about between finance, sales, and operations because then-CEO Bill Franke intended to groom him to be a CEO.
Parker was chosen Chairman and CEO in September 2001, ten days before the tragic atrocities of September 11th.
America West was the first of numerous airlines to get post-9/11 federal loan guarantees under Parker’s leadership, preventing the airline from filing for bankruptcy for the second time.
What Is Doug Parker Net Worth And Salary As CEO of American Airlines?
Doug Parker’s salary as CEO of American Airlines is estimated to be around $ 30 million USD as of 2021.
Doug Parker sought to show that he was a new breed of executive, one who was optimistic on the long term, by electing to be paid exclusively in stocks.
In addition, in early 2018, he received $19.2 million in company stock and stock options that he was granted in 2008.
His restricted stock awards matured before the end of the year, thus his total compensation certainly exceeds 31 million USD.
From 1986 through 1991, Parker worked for American Airlines as a financial analyst.
Doug Parker Wife And Kids
Doug Parker has been married to his wife, Fwen Parker.
In fact, the couple has three kids together and lives in Dallas, Texas. Doug Parker pled guilty to his third DUI in 2007 and received a one-day sentence.
Shareholders questioned whether the business should have publicized Parker’s two previous DUI charges after his sentencing.
Furthermore, Highland Park United Methodist Church is where he and his family are active members.
In the run-up to the 2016 U.S. presidential election, Parker backed Democratic contender Hillary Clinton. Parker also contributed $2,500 to Democrat Steny Hoyer in 2019.
Doug Parker Parents And Background
Doug Parker was born to his parents on the 31st of October, 1961.
Thus, his age as of 2021 is 60 years old. In addition, he was born and raised in Michigan. He graduated from Albion College with a bachelor’s degree in economics in the year 1984.
Following receiving an MBA from Vanderbilt University’s Owen Graduate School of Management in 1986, American Airlines offered him a job after a campus interview.