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On 1/12/2003 8:17:11 AM Hopeful wrote:
KCFLYER: I think you missed my point. No one is doubting that sacrifices have to be made by all. But why does the immediate solution always point to wages?
You got me there. As I said earlier, wage concessions alone will not save any airline.
Why does bankruptcy judge allow "bonuses" for new CEOs and then order paycuts for the workforce? To get the best man for the job? Carty himself has said that by foregoing all 3% raises due in February,it will only save $130,000,000. ONLY SAVE $130,000,000! It either means that more paycuts are around the corner and/or major work rule changes must take place.
You got me there too...I've never understood the "retention bonuses" paid to U executives. If they were that good, why are their companies in bankruptcy court
For instance, in the aircraft maintenance end of it, it means shutting down at least one major overhaul facility and contracting out more and more of the heavy checks. As United has stated, most of that work will not stay in the good ol US of A. "Them jobs are a goin cross the border and overseas"!
It ain't just the airlines. You drive a foreign or domestic car? Chances are good your Chevy was built in Mexico by a guy paid $5 a day. Too bad the price of the car doesn't reflect that.
In the Pilot end of it, it might mean flying many more hours than now flown and changing the "SCOPE" claus which affects ALL employees.
And please don't preach to me about "leaving the company, starting my own so I can pay myself "obscene" management wages. I am about 10 years away from retirement and will be here till the end if necessary.
I'm not preaching about leaving. But the **** "kool-aid" comments to anyone who might happen to agree with anything managment means the person is not looking at the whole picture. Perhaps one change that could take place is to stop making managment your adversary, and make them your team member. Let your adversaries be the other airlines.
I do not fault executives for being hightly compensated! I fault them when they grant themselves OVER INFLATED salaries. And when this vicious cycle of downsizing and mass layoffs have ended, maybe years from now, and the majors have become leaner and more efficient, the board of directors can give the CEO another $100,000,000.00 in stock options as an "atta boy," give him more retirement credit than actually time worked, while the people whose jobs they slashed and lives they changed can open the newspaper one day, read the business section, and say "Yep, That CEO deserves all that $$$$$$$$$$$$$$$$"
Funny you don't fault executives for being highly compensated....I do. If an executive didn't have a hand in starting the company, then they shouldn't make any more than 10 times what the lowest paid worker makes.
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