From the USAIRway's LGA base.
Fellow "LGAites",
Please take the time to read the attached file, which is the SEC filing by US Airways describing the Executive Long-term Incentive bonus plan. Here is where I become amazed.....
Our "humble" executive team has been awarded a new incentive plan (they just completed a plan year as well...I wait to see how our executives made out under the last "incentive plan". ) Read this document CAREFULLY, and try to keep your blood from boiling.
In a nutshell, I find the "targets" and the corresponding bonus "awards" very interesting. For example, these individuals are eligible for cash bonuses of up to 200% of their base salaries, based on a number of performance results (baggage complaints vs. our "peer" airlines...which oddly enough comprises the smallest portion of the award!, on time results, etc.) and financial results (you might think stock price would be a factor?) Clever that the BASE measure for the stock price just happens to be near a 52 week low, and will then compare to where it is three years from now... why not 1 year from now?
So here is where the heartburn settles in.... IF we finish #1 among our peer group (consisting of 12 airlines) then the exec.s "win" a bonus of up to 200% of their salary. If we finish exactly IN THE MIDDLE of the group (that would be an "average" performance for most of us!) then the Senior VP collects an extra 70%, the Exec. VP pockets an extra 100%, the Pres grabs an extra 115% whilst our "esteemed" CEO walks with a cool 125% above and beyond his normal salary. AND THIS IS THEIR TARGET... to finish DEAD MIDDLE of the pack! If we finish in the BOTTOM 1/3 of the pack, these folks STILL receive an EXTRA 30% (SVP), 43% (EVP), 49% (Pres) and 54% (CEO)! I believe in the past Mr. Parker referred to these and other bonuses as "at risk income."
So maybe our next contract should follow the same intelligent thinking; If a flight departs OR arrives "on time," ("average" or targeted times by the company) then all crewmembers should receive bonuses of: 70% for all F/A's beside the "A"; 100% for the "A" F/A; 115% for the F/O; and 125% for the CAP. If we depart or arrive ahead of schedule, the bonuses go up. If we fall to a point of departing or arriving no later than 2 of our 3 "competitors" (or 8 of 12) than we should still collect an extra 30%, 43%, 49% and 54% ABOVE our base salaries.
We could carry that forward to our checkrides, computer based training, attendance, and check-in times as well.
I find it ludicrous that our management (and their "buddy" board members comprising the compensation committee) should reward themselves for BELOW AVERAGE performance, while they not only EXPECT, but DEMAND above average performance from the employees, EVEN AFTER CUTTING THEIR SALARIES AND BENEFITS!!!!
And you want to talk about our CEO's performance over this last year? I would HOPE that our shareholders get a bit upset by the performance of the stock (from a recent high of $65 per share, to a 52 week high of $43 per share, to the current $9.25 per share). Let's wait to see if Mr. Parker et al. collect some "at risk" income, despite this horrendous showing.
I believe it is time for a very big change in our thinking, our negotiations, our representation, our compensation, the level of appreciation for the fantastic job we are all doing day in and out, and especially the public perception of the professionalism of this industry.
I am sick of cutting corners...if the price of a ticket needs to go up, then it needs to go up. No more "min fuel" legs, MEL laden aircraft, "commuter mentality" agents, catering "shortages", or any of the other crap that seems to be becoming the norm in this industry in general (and THIS airline in particular!)
We need to start taking the time and pride in providing a quality SERVICE product, and we need a union that will negotiate a contract to allow us to accomplish this, and which will "go to bat" for us when we are threatened or "disciplined" for doing exactly that for our customers.
Let's get on with fixing this airline, restoring our pride and professionalism, and collecting a fair and motivating compensation so we can stop worrying about our financial commitments, and devote our "work time" to those who will pay us for the best service in the industry. We can't change our management's desire to "cheapen" the airline experience, but we CAN make our customers realize why they should pay a premium for our services.
Whoever wins the election, it is time to rebuild our employees esteem, our customers image of this airline, and our own self respect. It is going to take a change in tactic, no matter who wins.
So LET'S GET ON WITH IT! Look forward, MOVE FORWARD!
Shaddup and start singe-engine taxiing! We're trying to save jobs here..............
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