Management Bonus!
- Thread starter Fixed Wing
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WestCoastGuy
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Al C. is a happy guy, but he has a knack of always getting the dough. $33,000 per month for his "accumen" is a bargain.... :down:
Its starting to look like there is no change in the management world. Pay raises and bonuses for the execs, all the while employees making wages that can earn government assistance. Nice job Doug!
If this company was making a profit, I would not have that much heartache over these guys getting a raise of around 50K, but were not.
If nothing else this act of corporate greed sends the wrong message to employees (go figure). Christmas is coming PHL is a disaster, still, equipment is in really bad shape, Crellin has done nothing!!!!! So lets give a 50K a year raise.
I was hoping you were different Doug,
ALL OR NONE!!!
If this company was making a profit, I would not have that much heartache over these guys getting a raise of around 50K, but were not.
If nothing else this act of corporate greed sends the wrong message to employees (go figure). Christmas is coming PHL is a disaster, still, equipment is in really bad shape, Crellin has done nothing!!!!! So lets give a 50K a year raise.
I was hoping you were different Doug,
ALL OR NONE!!!
Seatacus
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It would be nice if they only got bonuses if the company maid a profit,but I guess they got their bonus because someone believes that things would be worse if they weren't around.
Is it only the BOD that votes on these bonuses? Maybe someone should check in to the relationships between the BOD and the bonus recievers.
Is it only the BOD that votes on these bonuses? Maybe someone should check in to the relationships between the BOD and the bonus recievers.
drifterreno
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Well, at least this shows you what kind of man Doug is--He didn't take a raise. Sure he gets bonus payments but hey he's a great CEO and he deserves every penny he gets--We also need more money and I'm sure Doug would agree--it's just a hang up with the union thing---no don't want any name calling or anything like that--let's just work together and see what happens.
Philjr
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The CWA snapbacks should be in our paychecks soon! 😉
cokeorsprite
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Heard this story way to many times. Im sure we will here the usual "we need to pay this so we can keep the great management team in place to run the airline through these changing times." These guys are getting raises of more than what the front line people make. This is why we in the east are very skeptical about all of this. Well ive always gone with the saying "meet the new boss, same as the old boss." What a shame.
I think senior management should get paid well.
That said, this really galls me in the face of what the "lower ranking" management people have faced, are facing, or will face. And all of what I'm about to say applies to that "lower ranking" group of people who happen to be paid on a salaried basis, rather than hourly, and therefore fall into the management lump.
1. People talk about the 1% pay cut mgmt got (netted out after the small increase earlier that year). What they don't talk about are the years (plural) of no raises, no promotion opportunities (which are all merit based) and the other cuts the group took.
2. I haven't seen on this board anything about the lousy severance package being offered to "management." (again, not the senior team...). It pales in comparison to what people in other employee groups have gotten. No early out option, just a take-it-or-leave-it package with a MAXIMUM of one year flying benefits, even if someone has been here 15, 20, 30 years. One year. That's it. Here's your hat; what's your hurry?
So, I hope the senior team enjoys their raise while those at East in the former "management" group are getting you-know-whatted. :down: :angry:
And, you may be saying "NCFL usually posts pro-company stuff." Well, people change.
That said, this really galls me in the face of what the "lower ranking" management people have faced, are facing, or will face. And all of what I'm about to say applies to that "lower ranking" group of people who happen to be paid on a salaried basis, rather than hourly, and therefore fall into the management lump.
1. People talk about the 1% pay cut mgmt got (netted out after the small increase earlier that year). What they don't talk about are the years (plural) of no raises, no promotion opportunities (which are all merit based) and the other cuts the group took.
2. I haven't seen on this board anything about the lousy severance package being offered to "management." (again, not the senior team...). It pales in comparison to what people in other employee groups have gotten. No early out option, just a take-it-or-leave-it package with a MAXIMUM of one year flying benefits, even if someone has been here 15, 20, 30 years. One year. That's it. Here's your hat; what's your hurry?
So, I hope the senior team enjoys their raise while those at East in the former "management" group are getting you-know-whatted. :down: :angry:
And, you may be saying "NCFL usually posts pro-company stuff." Well, people change.
Well said fr8mastr, I too was hoping for a positive change and better use of the companies cash..The employees of both Usairways East and West have sacrificed PLENTY.... And to see the same old B.S. happening AGAIN is very disheartning...Mr. Parker, this is NOT the way to bring the employees together !! :down:
ClearedToPush
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According to Salary.com
The AVERAGE pay for a CEO in PHX is $630,000
just an fyi
The AVERAGE pay for a CEO in PHX is $630,000
just an fyi
Some things never change.
Execs preach market rates for employees (though somehow, they always neglect to include WN labor rates into that calculus) but they don't practice it for themselves.
IIRC, WN has more a/c and enplanements than U. On what market basis can U management justify higher compensation for themselves than WN execs?
Moreover, WN operates profitably - something U management has been unable to accomplish despite having a significant labor cost advantage over WN. For example, U ramp TOS is $17. WN ramp TOS is $26. And despite U walking aways from millions of dollars in obligations to vendors via 2 BK's.
The cold hard fact is, operating multiple fleet types and hub operations is structurally much more expensive than the WN business plan. For instance, a WN 737 from PVD to PBI has much lower costs than a U 737 PVD-PHL connecting to a U 757 from PHL to PBI.
Aircraft, fuel, and facilities are fixed costs - carriers pay the same for these assets (although WN has access to cheaper money and can negotiate better deals). Given that, the only way for hub carriers to compete is for labor to subsidize the operation.
That fact is reflected in any comparison of U/WN employee wages.
It is time for that factor to be reflected in executive compensation, as well.
Execs preach market rates for employees (though somehow, they always neglect to include WN labor rates into that calculus) but they don't practice it for themselves.
IIRC, WN has more a/c and enplanements than U. On what market basis can U management justify higher compensation for themselves than WN execs?
Moreover, WN operates profitably - something U management has been unable to accomplish despite having a significant labor cost advantage over WN. For example, U ramp TOS is $17. WN ramp TOS is $26. And despite U walking aways from millions of dollars in obligations to vendors via 2 BK's.
The cold hard fact is, operating multiple fleet types and hub operations is structurally much more expensive than the WN business plan. For instance, a WN 737 from PVD to PBI has much lower costs than a U 737 PVD-PHL connecting to a U 757 from PHL to PBI.
Aircraft, fuel, and facilities are fixed costs - carriers pay the same for these assets (although WN has access to cheaper money and can negotiate better deals). Given that, the only way for hub carriers to compete is for labor to subsidize the operation.
That fact is reflected in any comparison of U/WN employee wages.
It is time for that factor to be reflected in executive compensation, as well.
calibrator
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You’re preaching to a bunch of cool-lade drinkers who believe the supreme beings running this "new" airline deserve such outrageously insane packages...They will change their minds when they collect their first unemployment check.
