Bruce Lakefield Leter

[fr8tmastr]

Art, I would love to be able to let it go, but seeing how I will be furloughed probably in NOV. because of these greedy bastages, I am having a hard time.

 

[libertybell]

Bruce,

A.M.F

 

[gso-crew]

gso,

You've go to be joking.  This restructuring was NOT Lakefield's plan...it was Siegel's plan and before that Gangwal.  I have in my position the slide presentation booklet of a meeting on Aug 4, 2001 with restructuring plans, RJs and opening all our contracts....Gangwal's plan.

The BK scheme was Siegel and Co.
av8tr,

You can thank the ATSB and their loan.  Without it, we wouldn't be here because the taxpayers financed BK #2...all the way through.

Thank Gov. intervension because market forces DO NOT DICTATE who survives. The Gov. does.

[post="304861"][/post]​

I agree, credit for the present fleet plan belongs to Siegel. And Lakefield found the money needed to stay in bussiness .... My point is at least Dave and Bruce tried to right the ship. But, can you tell me one thing Wolfe did to earn compensation. He painted the fleet, order some airplane we couldn't afford, made promises to the unions that he knew he couldn't keep. Why, because he didn't want to rock the boat while shoveling money out the back door to himself and his buddies. The guy should be in jail.

 

[Art at ISP]

Art, I would love to be able to let it go, but seeing how I will be furloughed probably in NOV. because of these greedy bastages, I am having a hard time.

[post="304890"][/post]​

Fr8mastr,

While I do see your point and also feel bad for everyone who might lose their jobs, it can't hurt to focus on the positive up to the last day. Is your furlough a done deal, or is there a chance it won't happen?

Either way, at some point all the negativity has to stop.

I wish you the best, but hope you can see my point as well....

 

[gso2pit]

gso,

You've go to be joking. This restructuring was NOT Lakefield's plan...it was Siegel's plan and before that Gangwal. I have in my position the slide presentation booklet of a meeting on Aug 4, 2001 with restructuring plans, RJs and opening all our contracts....Gangwal's plan.

The BK scheme was Siegel and Co.
av8tr,

You can thank the ATSB and their loan. Without it, we wouldn't be here because the taxpayers financed BK #2...all the way through.

Thank Gov. intervension because market forces DO NOT DICTATE who survives. The Gov. does.

[post="304861"][/post]​

Yes, this was Siegel's plan, not Lakefield's. However, my point is this:

With what had to work with, things could be much much worse than they are today. There could have been even more downsizing and more concessions from employees besides what has already been given. Do I agree with some of the things that have been done? Of course not However, one has to realize that although Lakefield is the one who carried out the plan, he's not the one who constructed it.

 

[B707B]

Yup, him walking out of here with a cool $1.7 mils compensation package for 2 years senioirity is a nice added bonus retirment for the guy.

If I were a flyonthewall, I bet his standard of living when up quite a bit during his tenure, and during our worst time for the airline. Heck, I'd want the airline to keep going just to bring in a $35,000 a month.

Bravo zulu and adios, amigo!! And you welcome.

[post="304781"][/post]​

You are just upset that you won't be leaving with that Gold Pass that you brokered for your self. Lakefield earned every penny of that package baby.... I'm just glad that you were exposed before you got away!!! See ya...we will all be alot better off without you! Just one humble F/A's opinion.....

 

[javaboy]

Compared to Wolfe he earned it .....

[post="304790"][/post]​

wrong, all those employees with 25, 30, 35, 40 years of service THEY EARNED IT only to see their pensions disolved(and never got it).

 

[PITbull]

Yes, this was Siegel's plan, not Lakefield's. However, my point is this:

With what had to work with, things could be much much worse than they are today. There  could have been even more downsizing and more concessions from employees besides what has already been given. Do I agree with some of the things that have been done? Of course not However, one has to realize that although Lakefield is the one who carried out the plan, he's not the one who constructed it.

[post="304927"][/post]​

Actually, if the Co. took anymore, we would have liquidated. The unions have met the threshold.

I can assure you of this.

Market forces should dictate who survives, after all, that's what deregulation WAS all about before the "loop holes" were exercised in BK.


B70,

PLEASE READ THE VFLR TERM PASS BENEFITS. Teddy already receives life passes at S3 boarding status through the terms negotiated in the VFLR prgram. Or , does someone have to dictate to you the contract provisions too?

North Carolina, huh....

 

[REACC1]

wrong, all those employees with 25, 30, 35, 40 years of service THEY EARNED IT only to see their pensions disolved(and never got it).

[post="304974"][/post]​

It ought to be illegal. Pensions and parity with peers were agreed to and established benifits when hired. Nobody said,'maybe I'll get it, maybe I won't', when they signed on.People depend on these things. Yes, things change, but after decades, the time cannot be replaced. It was wasted time in a sense. It is not just a shame, it is sickening. Once again, no leadership, no congruity.

 

[PITbull]

If you think Neeleman and Kelleher are only taking home their low-ish base salary, you're stupid.

They have immense amounts of stock and options.... which unlike US stock is actually worth something. Neither of them wants for anything.

[post="304886"][/post]​

You forgot to mention that these airlines perform. B)

US Airways had NOT.

 

[LGA Fleet Service]

All of the executives should be thanked for their dedication and service to this company.

[post="304814"][/post]​

Hahahaha...wait...you're serious aren't you? Bwahahaaa...hold on..I can't breathe here...

 

[N607P]

Very true. Look at DLs CEO. He took a 25% paycut and the other top VPs took 15%. Our guys we have/had just didn't give a rats #@! about anyone except themselves.

[post="304874"][/post]​

So what? Look where Delta is today compared to US Airways/America West.

 

[EricLv2Fish]

Yup, him walking out of here with a cool $1.7 mils compensation package for 2 years senioirity is a nice added bonus retirment for the guy.

[post="304781"][/post]​

I didn't know Mr. Lakefield was going anywhere. He will be a VP under Doug in the New US Airways isn't he? If that is true the severance package doesn't apply to him does it?

 

[JAXPax]

You forgot to mention that these airlines perform. B)

US Airways had NOT.

[post="305008"][/post]​

So true.
However, those saying "Look at what Kelleher and Neeleman do, and they get paid such a low executive salary...." are wrong. They're rolling in stock. I'm sure after jetBlue's IPO Neeleman made up for his low salary.

 

[MOC A320]

I didn't know Mr. Lakefield was going anywhere. He will be a VP under Doug in the New US Airways isn't he? If that is true the severance package doesn't apply to him does it?

[post="305056"][/post]​

He will be the vice-chairman of the new board of directors and looking forward to that.
Yes he gets the 1.7 mil