Brian Foley
PER
Brian Foley Foley
Brian Foley, an executive pay expert in White Plains, finds the plan's stock compensation component much remarkable. He also noted that the 8 percent stake to be received by UAL executives exceeds what was described as "reasonable" by Towers Perrin in court filings last fall.  He said that the basic concern here is that the players don't seem to discipline themselves as much as they should and the external forces aren't executing any braking power and the courts don't seem to hold people as accountable as they should. 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. Mr. Brian Foley,  an executive pay expert in White Plains, said  that the heavy emphasis on the restricted shares under the plan increased the pay package's value. Mr. Foley also noted that the 8 percent stake to be received by UAL executives exceeds what was described as ''reasonable'' by Towers Perrin. And Foley also added that the basic concern there was that the players didn't seem to discipline themselves as much as they should and the external forces weren't executing any braking power.