Towers Perrin
ORG
Towers Perrin
The court filings show Towers Perrin, the compensation consultant employed by the company, concluding that a reasonable stake of new shares to be received by executives ranged from 3.5 percent to 7.5 percent of stock issued. According to Jean Medina, Towers Perrin noted in another report it filed with the court that the plan, which has since been reduced, was both reasonable and appropriate for United's situation. Towers Perrin concluded that a reasonable stake of new shares to be received by executives ranged from 3.5 percent to 7.5 percent of stock issued. Towers Perrin also noted in another report it filed with the court that the plan, which had since been reduced, was both reasonable and appropriate for United's situation. Mr. Foley said he was also surprised that Towers Perrin apparently advised both management and the board, and wondered if another consultant would have recommended the same pay package to the board. 