From an article on U's executive compensation in the CLT Observer today:
"At US Airways, labor groups have become increasingly frustrated with so-called "golden parachutes," bonuses given to executives after leaving the company, regardless of success.
The airline's CEO, Bruce Lakefield, says he will not receive such a package. His $425,000 salary is already pegged to the median salaries of CEOs at AirTran, America West, JetBlue and Southwest, according to US Airways."
This could be the consensus formula for restructured payrates, like the "parity plus 1%'' of years ago. Sturcture the revised pay scales to the median of the 4 LCC. If work rule changes can also be modified to a "median" of the LCC, then there may be a basis for acceptance by workers of something that is worth while and realistic as opposed the "worst of all worlds" models that U management keeps presenting.
"At US Airways, labor groups have become increasingly frustrated with so-called "golden parachutes," bonuses given to executives after leaving the company, regardless of success.
The airline's CEO, Bruce Lakefield, says he will not receive such a package. His $425,000 salary is already pegged to the median salaries of CEOs at AirTran, America West, JetBlue and Southwest, according to US Airways."
This could be the consensus formula for restructured payrates, like the "parity plus 1%'' of years ago. Sturcture the revised pay scales to the median of the 4 LCC. If work rule changes can also be modified to a "median" of the LCC, then there may be a basis for acceptance by workers of something that is worth while and realistic as opposed the "worst of all worlds" models that U management keeps presenting.