Dave''s Pay
- Thread starter LavMan
- Start date
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On 3/28/2003 11:32:26 AM TomBascom wrote:
How many employees commit suicide in the course of a "normal" year? There are around 11 per 100,000 in the general population -- I''m not sure what''s typical for a work force like US Airways. But to lay it all at the feet of management like that is unfair.
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YOU GUY''S NEED TO FIND A JOB. Look what Dave had to work with and he can not be on the block for employees taking their on life. That my friend is an empty soul!On 3/28/2003 11:32:26 AM TomBascom wrote:
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On 3/28/2003 11:03:39 AM LavMan wrote:
... and have 13 employees commit suicide.
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On 3/28/2003 11:03:39 AM LavMan wrote:
... and have 13 employees commit suicide.
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How many employees commit suicide in the course of a "normal" year? There are around 11 per 100,000 in the general population -- I''m not sure what''s typical for a work force like US Airways. But to lay it all at the feet of management like that is unfair.
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On 3/27/2003 11:53:41 PM PITbull wrote:
OOHHHH PLEEEAAASSSSEEE don''t go there. Let me feel so sorry for this CEO who had to make do with $1.3 Million for the year WHILE OUR COMPANY WAS PLACED INTO BANKRUPTCY...BOO, HOO, HOO. His stock was cancelled...WELL, SO WAS MINE. But guess what? He will get a larger portion of that stake as part of 35 Officers to split a 7.8% stake in the co. You figure that out!
As if he won''t make up for it from here on in.......
Folks just kill me around here! We have our labor group NOT SURVIVING AT ALL. We have a new sick policy that folks will endure a pay cut that month as a "penalty" on top of the 10.4% wage cut this summer, on top of increases in medical for January and now coming in May, a 5% on top of that that the co. is investigating today as they reported out...International line flyers that will see their blocks disappear in April, another paycut, and almost certain layoffs in the horizon....
I sure am glad some folks just aren''t quite feeling this "pinch".
As far as our CEO being grossly underpaid, IT''S THAT THE CEO OF ALL THE CARRIERS HAVE BEEN GROSSLY OVERPAID..WHAT? NOW THAT''S TO BE THE NORM, WHILE OUR PAST PAY CAN''T BE THE NORM!
All wages/ salaries in this business have to be adjusted for ever.
This is the "new reality" I had jammed down my throat at the table. So, EVERYONE has to make an adjustment.
And by the by, this is ALL wolf''s plan. He chairs the Board and HIRED MR. SIEGEL TO IMPLEMENT THIS PLAN. Just thank the lord that Wolf had such great insight to hire Siegel and his gang, and just save us, save us, save us...right....
Gee, thank God we found Siegel, we are so lucky. How could we get so lucky. Excuse me while I put up my house for sale!
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PITbull, Thanks for posting what I was thinking !!On 3/27/2003 11:53:41 PM PITbull wrote:
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On 3/27/2003 11:22:21 AM dfw79 wrote:
I''m still trying to see the reason for the angry face. Dave was paid lowest than other CEOs....lost nearly $3 million in stock. His pay and total compensation was no where near that of Leo or Gordo.
If people have so much anger...there is a door.
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On 3/27/2003 11:22:21 AM dfw79 wrote:
I''m still trying to see the reason for the angry face. Dave was paid lowest than other CEOs....lost nearly $3 million in stock. His pay and total compensation was no where near that of Leo or Gordo.
If people have so much anger...there is a door.
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OOHHHH PLEEEAAASSSSEEE don''t go there. Let me feel so sorry for this CEO who had to make do with $1.3 Million for the year WHILE OUR COMPANY WAS PLACED INTO BANKRUPTCY...BOO, HOO, HOO. His stock was cancelled...WELL, SO WAS MINE. But guess what? He will get a larger portion of that stake as part of 35 Officers to split a 7.8% stake in the co. You figure that out!
As if he won''t make up for it from here on in.......
Folks just kill me around here! We have our labor group NOT SURVIVING AT ALL. We have a new sick policy that folks will endure a pay cut that month as a "penalty" on top of the 10.4% wage cut this summer, on top of increases in medical for January and now coming in May, a 5% on top of that that the co. is investigating today as they reported out...International line flyers that will see their blocks disappear in April, another paycut, and almost certain layoffs in the horizon....
I sure am glad some folks just aren''t quite feeling this "pinch".
As far as our CEO being grossly underpaid, IT''S THAT THE CEO OF ALL THE CARRIERS HAVE BEEN GROSSLY OVERPAID..WHAT? NOW THAT''S TO BE THE NORM, WHILE OUR PAST PAY CAN''T BE THE NORM!
All wages/ salaries in this business have to be adjusted for ever.
This is the "new reality" I had jammed down my throat at the table. So, EVERYONE has to make an adjustment.
And by the by, this is ALL wolf''s plan. He chairs the Board and HIRED MR. SIEGEL TO IMPLEMENT THIS PLAN. Just thank the lord that Wolf had such great insight to hire Siegel and his gang, and just save us, save us, save us...right....
Gee, thank God we found Siegel, we are so lucky. How could we get so lucky. Excuse me while I put up my house for sale!
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On 3/28/2003 11:02:28 AM LavMan wrote:
A 737 or A320 does not even cost $40 to $50 Million, a Gulfstream IV cost anywhere from $10 million to $19 million.
Try again, what do you call positive space travel on any airplane or airline worth?
Also Schofield took a 767-200 from clt-lax-hnl, with only crew, some employees needed to maintain the aircraft and himself and his executive cronies, that is a $100 million airplane.
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On 3/28/2003 11:02:28 AM LavMan wrote:
A 737 or A320 does not even cost $40 to $50 Million, a Gulfstream IV cost anywhere from $10 million to $19 million.
Try again, what do you call positive space travel on any airplane or airline worth?
Also Schofield took a 767-200 from clt-lax-hnl, with only crew, some employees needed to maintain the aircraft and himself and his executive cronies, that is a $100 million airplane.
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LavMan...
Depends on the model Gulfstream. G5s are not generally priced publicly. But I can tell you that a G4 listed on www.aircraft .com, a 1994 model, is going for a cool $24 million. Add the intercontinental range of the G5 are you are easily into the mid 30''s, not to mention that they are generally much newer aircraft. Of course, this does not include interior upgrades you are likely to toss in.
LavMan,
For the last time, stop putting employee suicides at the foot of management. To take one''s own life requires many more issues in one''s head than just job loss. If what you say is true, and only about 33% of the company has been laid off (45,000 to 30,000 employees), with a great deal taking voluntary leaves, or declining to move (which is a quasi-voluntary leave IMO), how many would have taken their lives if the company had liquidated? You can really be a piece of work sometimes, and this suicide thing is so off base it would be downright hysterical if it were not for the fact that is just so sick. The sickest thing about it is that you are using the tragedy the families of those who took their own lives have endured to try to make points in your war against management. Get a life.
For the last time, stop putting employee suicides at the foot of management. To take one''s own life requires many more issues in one''s head than just job loss. If what you say is true, and only about 33% of the company has been laid off (45,000 to 30,000 employees), with a great deal taking voluntary leaves, or declining to move (which is a quasi-voluntary leave IMO), how many would have taken their lives if the company had liquidated? You can really be a piece of work sometimes, and this suicide thing is so off base it would be downright hysterical if it were not for the fact that is just so sick. The sickest thing about it is that you are using the tragedy the families of those who took their own lives have endured to try to make points in your war against management. Get a life.
CEO David Siegals Compensation package was made public in the media on Thursday via US Airways SEC filing. Since then the 5% War Pay Deferral was implemented on all Employees of US Airways. Also since then, some CLT managers have held briefings and included information disputing those figures.
In all fairness, it was reported that the news may have got some of the figures in correct. So to be accurate, lets view US Airways figures that they filed with the SEC. You can verify by using the link below, and follow the 10k Form links:
http://www.sec.gov/cgi-bin/browse-edgar?ac...01345
Or visit this link:
http://www.machinists1725.org/ussec.htmCompensation of Executive Officers
The Summary Compensation Table below sets forth the compensation paid during the years indicated to the individuals who served as the Chief Executive Officer during the last fiscal year and the four remaining most highly compensated executive officers of the Company or its subsidiaries as of the last day of the last fiscal year.
Summary Compensation Table
Name and PrincipalPosition Year Salary Bonus © OtherAnnualCompensation RestrictedStockAwards (A) Options (#) LTIPPayouts All Other Compensation (P)
Stephen M. WolfNon-executive Chairman and former Chief Executive Officer 200220012000 $$$ 126,923438,461600,000 (B) $$$ 112,50000 $$$ 306,32477,8477,691,036 (D)(D)(D) $$$ 785,4001,393,6003,112,500 (J)(J)(J) 210,000390,0000 $$$ 000 $$$ 73,500107,708164,803
David N. SiegelPresident and Chief Executive Officer 200220012000 $$$ 533,654— — $$$ 750,000— — $$$ 47,637— — (E) $$$ 2,359,000— — (K) 750,000— — $$$ 0— — $$$ 115,465— —
Michelle V. Bryan Executive Vice President – Corporate Affairs and General Counsel 200220012000 $$$ 391,509303,346275,000 $$$ 112,29400 $$$ 25,48112,055137,831 (F)(F)(F) $$$ 080,400643,125 (L)(L) 050,0000 $$$ 000 $$$ 63,49639,31849,252
Neal S. CohenExecutive Vice President – Finance and Chief Financial Officer 200220012000 $$$ 306,923— — $$$ 435,000— — $$$ 40,523— — (G) $$$ 604,000— — 300,000— — $$$ 0— — $$$ 46,099— —
Alan W. Crellin Executive Vice President – Operations 200220012000 $$$ 392,962278,346239,038 $$$ 102,08100 $$$ 19,1161,565115,385 (H)(H)(H) $$$ 56,10080,400517,500 (N)(N)(N) 25,00050,0000 $$$ 000 $$$ 75,37563,10079,641
Jerrold A. Glass Senior Vice President –Employee Relations 200220012000 $$$ 248,769— — $$$ 192,500— — $$$ 4,887— — (I) $$$ 151,000— — 100,000— — $$$ 0— — $$$ 32,673— —
In all fairness, it was reported that the news may have got some of the figures in correct. So to be accurate, lets view US Airways figures that they filed with the SEC. You can verify by using the link below, and follow the 10k Form links:
http://www.sec.gov/cgi-bin/browse-edgar?ac...01345
Or visit this link:
http://www.machinists1725.org/ussec.htmCompensation of Executive Officers
The Summary Compensation Table below sets forth the compensation paid during the years indicated to the individuals who served as the Chief Executive Officer during the last fiscal year and the four remaining most highly compensated executive officers of the Company or its subsidiaries as of the last day of the last fiscal year.
Summary Compensation Table
Name and PrincipalPosition Year Salary Bonus © OtherAnnualCompensation RestrictedStockAwards (A) Options (#) LTIPPayouts All Other Compensation (P)
Stephen M. WolfNon-executive Chairman and former Chief Executive Officer 200220012000 $$$ 126,923438,461600,000 (B) $$$ 112,50000 $$$ 306,32477,8477,691,036 (D)(D)(D) $$$ 785,4001,393,6003,112,500 (J)(J)(J) 210,000390,0000 $$$ 000 $$$ 73,500107,708164,803
David N. SiegelPresident and Chief Executive Officer 200220012000 $$$ 533,654— — $$$ 750,000— — $$$ 47,637— — (E) $$$ 2,359,000— — (K) 750,000— — $$$ 0— — $$$ 115,465— —
Michelle V. Bryan Executive Vice President – Corporate Affairs and General Counsel 200220012000 $$$ 391,509303,346275,000 $$$ 112,29400 $$$ 25,48112,055137,831 (F)(F)(F) $$$ 080,400643,125 (L)(L) 050,0000 $$$ 000 $$$ 63,49639,31849,252
Neal S. CohenExecutive Vice President – Finance and Chief Financial Officer 200220012000 $$$ 306,923— — $$$ 435,000— — $$$ 40,523— — (G) $$$ 604,000— — 300,000— — $$$ 0— — $$$ 46,099— —
Alan W. Crellin Executive Vice President – Operations 200220012000 $$$ 392,962278,346239,038 $$$ 102,08100 $$$ 19,1161,565115,385 (H)(H)(H) $$$ 56,10080,400517,500 (N)(N)(N) 25,00050,0000 $$$ 000 $$$ 75,37563,10079,641
Jerrold A. Glass Senior Vice President –Employee Relations 200220012000 $$$ 248,769— — $$$ 192,500— — $$$ 4,887— — (I) $$$ 151,000— — 100,000— — $$$ 0— — $$$ 32,673— —
OldGuyinPA
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Are all these folks college educated ??
OldGuyinPA
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No......
ScottishWitch
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The 13 employees who committed suicide had far bigger problems than having Dave for a CEO, and to blame him for their deaths is completely unfair. It''s like blaming Smith & Wesson for making the gun that someone stuck to their head and fired. Suicide was THEIR decision. I''m not saying times aren''t rough right now, but no job on this earth is worth taking your your own life over.
Or maybe its'' just me. I''ve fought so hard to live for the past two years that dying isn''t an option.
Or maybe its'' just me. I''ve fought so hard to live for the past two years that dying isn''t an option.
OldGuyinPA
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The salaries are staggering, considering what we got.
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