FrequentFlierCA
Veteran
- Feb 25, 2008
- 591
- 35
MCI, the pro management posters here are going to tell you that our poor executives are underpaid compared to their peers at other companies. they will tell you the need to pay these people the PUPS, so we don't lose our "key" talent. And lastly, they will tell you that the payouts are stock based and how every employee received stock...blahh blahh blah....
These are the same people are are so envious of the fatcats, they blame labor for all the woes of the industry.
I don't blame labor for all the woes of the industry. The point I'm trying to make is that AA needs to stay competitive in order to survive. The fact is that AA's labor costs are among the highest, largely due to the bankruptcies of its main competitors and the success of upstarts like JetBlue, which don't give employees nearly the pay and benefit package that AA does.
In this cut-throat economy, it's compete or die. And if AA's labor costs aren't in line with the rest of the industry, AA's labor force will be the one to suffer.