Agree to disagree. 240k is not crazy low even for someone on his level, but based on his skills and status in United he could quite clearly earn more.
I understand it from a ruthless CEO point of view where the idea is to extract as much resources as possible whilst paying as little as possible. But from a purely meritocracy point of view I think a salary bump makes sense. And that's the point of view I'm going for. Call it naive, romantic or whatever. I think this approach would be beneficial in the long run if we also want a culture chance.