US Airways CEO Buys Chunk of Company Stock

Doug Parker bought 197,000 shares of US Airways stock on Monday, fulfilling a promise to invest the equivalent of a year's salary (about $550,000) in a display of his confidence in the airline.

LCC is currently hovering around $3.00, down about 92% from nearly $40 a year ago.

While it's made to look like he's the man, lets face it, he's buying the stock at a sweet price. I doubt he'll get as good a return but he'll make a decent return even if it goes up 5 bucks.

It went up .20 today so DP made 39,000 - Thats a grand for each employee...

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Originally Posted by mirrodie

While it's made to look like he's the man, lets face it, he's buying the stock at a sweet price. I doubt he'll get as good a return but he'll make a decent return even if it goes up 5 bucks.

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I'd say that's a bigger long shot than the 38 to 1 horse that won Belmont.