Lakefield Salary

THE FAT LADY HAS ENTERED THE BUILDING

fatlady.jpg



"Our mission here is to save as many jobs as possible. We are being attacked on every front" by low-cost competitors, said the airline's chief executive, Bruce Lakefield, when asked about the ruling's effect on workers.

Lakefield told employees in a recorded message that a timeline to impose the cuts will be announced in the next few days.

Mollie McCarthy, leader of the Association of Flight Attendants' Philadelphia-based local, said the pay cuts are devastating and particularly galling given that management is not taking a similar hit.

"That's what's going to make my people really angry," she said.

Brian Leitch, an attorney for the airline, acknowledged that US Airways would need to do more to prevent a collapse, including obtaining permanent cost-savings from its unions twice as large as those achieved by the temporary cuts.
 
700UW said:
Lakefield $425,000

Kellher signs an extension which became effective July 15, 2004 and provides for an annual base pay of $450,000, according to a filing with the Securities and Exchange Commission.

The airline signed its newly appointed chief executive, Gary Kelly, to a three-year contract, with a base pay of $399,722 for the first year of the deal. Colleen Barrett, the airline's president, also signed a three-year extension with a base pay of $347,584 for the first year.
Something seems amiss to me.
[post="190937"][/post]​
You've got to keep the pay high to keep the Talent!!! :rolleyes:
 

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