Pit Paper

[RumorS]

Whose Ox Gored


One lawyer said the company's chief executive officer, Bruce Lakefield, who makes $425,000 a year, is taking no pay cut at all. Asked about that during a brief interview Thursday, Lakefield said he would gladly give up his annual salary if it would save the airline.

But, "It's a pimple," he said.

Lakefield noted that he made less than his predecessor, David Siegel, and that he received no bonus or retirement contributions.

"The money does not mean anything to me," he said.

Instead, personal decisions came into play. Lakefield explained that he left retirement in Naples, Fla., to run the Arlington, Va., airline six months ago and did not see his wife for days at a time. "There has to be enough for me to live and to support an extra house," he said.


So the Question is.....how many of Us are going to lose the ONE :angry: house we live in? And How many of us also had to leave our hometown and our families behind to help this company out?

 

[WestCoastGuy]

With that "extra" household Bruce has, it would be a terrible sacrafice for him to take a paycut. With all his talent, and those around him, the company should probably give them all a 23% raise, so they wont leave the company and go to a low cost carrier, with all those other talented exec's. My heart goes out to Mr. Lakefield having to be apart from his family and struggle to manage on his current salary.

 

[TheDog2004]

The man certainly shouldn't have to give up all of his salary, but you would think he could at least take what he is cutting of other management positions, and the LOGICAL choice would be to give up 23% - just like he is asking the unions to do.

Y'all sure do know how to pick 'em over there.

 

[WestCoastGuy]

With the Exec's in CCY, it's the old "Do as I say, not as I do."

 

[WestCoastGuy]

Do the words 'LEAD BY EXAMPLE" mean anything to those guys? I think NOT.

 

[MarkMyWords]

I swear you people cease to amaze me. Correct me if I am wrong, but weren't we paying Steve and Rakesh 650,000.00 each to run the company into the ground? We paid Just Call Me Dave 750,000.00 plus stock, etc. Bruce comes to the company, out of retirement, for 425,000.00 (a savings of 875,000 from Steve/Rakesh and 325,000 from what Dave was paid) and it is still not enough? Now he should come to work for free?

Give me a fricken break.

 

[WestCoastGuy]

MR. LAKEFIELD is the one demanding that we cut our pay. We already work for less than we did 5 years ago. We have also been working for less so why should it be any different for CCY????? If money means nothing to him, why is he not willing to make sacrafices to his salary and benefits??????

 

[firstamendment]

I swear you people cease to amaze me. Correct me if I am wrong, but weren't we paying Steve and Rakesh 650,000.00 each to run the company into the ground? We paid Just Call Me Dave 750,000.00 plus stock, etc. Bruce comes to the company, out of retirement, for 425,000.00 (a savings of 875,000 from Steve/Rakesh and 325,000 from what Dave was paid) and it is still not enough? Now he should come to work for free?

Give me a fricken break.

[post="190239"][/post]​

Yeah, and obviously you missed the bashings on here towards THEM. The difference? Lakefield is the man in charge, not wolf and Gangwal. That was yesterday's robbers.

After the boo hoo statement given about the second house, Lakefield can shove it. The nerve of this man.

As far as past robbers, contract or not, I would love to see some kind of class action suit against them if possible. I know, wishful thinking.

 

[WestCoastGuy]

Messers Wolfe and Gangwal and all the others that took money out of this company by the truck load, all had contracts. CCY only honors those contracts they wish. Of course they could do the same as they did to the IAM, but they choose which ones to honor.

 

[stoopidute442]

I hope the next hurricane solves his 2 house problem for him.

 

[MarkMyWords]

WestCoast....

What do you think is a fair wage for the CEO of a company on the verge of collapse? He didnt' put us in this position, he is the one tryig to get us out. So he should make what? 100K? 50K? The CEO's compensation has been reduced 43% but you want more. What do you think will happen if Bruce leaves? Do you think you will attract a talented individual to the CEO job if the money isn't there? Bruce came into this job for far less then Dave, with a lot less stock and benefits.

A CEO will always make more then the guys/gals doing the grunt work.

First -

I agree....I think it would be a great moral boost and a sense of victory if we could go after past CEO's to recoup the monies they stole from the company. But I think you and I will both agree that the men in the Millionaire Mens Club will always protect one another.

 

[luvn737s]

The CEO's union (heh, heh) needs to accept the realities of the new maketplace we're in and adjust their compensation expectations accordingly. As long as the airlines remain committed to giving away tickets below cost, there just won't be the money to pay CEO's the salaries they've come to expect.

Isn't Lakefields yacht named the Managed Expectation?

 

[RumorS]

I think the problem is that HE SHOULD KEEP COMMENTS LIKE ABOVE TO HIMSELF..............He wants to drain us for all we have and at the same time cry the blues on how he has to be away from his Wife. BOOOO HOOOO about hte second home. Most of us will not even have one. If he has to struggle making 425000 a year then maybe he should go back into retirement and sell one of his houses! All we are asking is that he takes a hefty cut just like the rest of us. He is the pimple that every employee (except usa320) WOULD LOVE TO POP!!!!!!!!!

 

[EyeInTheSky]

I agree. Sometimes people (in this case a CEO) need to keep their trap shut. Talk about throwing gasoline on the fire! Lakefield is set for life; those of us in the shrinking middle class are not.

 

[WestCoastGuy]

MarkMyWords



Lakefield knew what he was getting into when he took this job. At that time, no one was asking for give backs. He accepts his position for the amount of compensation that he was given. Then he asks labor for give backs, but does not give back himself, nor does his exec's. That only inflames the fires of mistrust at CCY. Then he goes public with his woes and crys about being away from his family and having to pay for a second home. That man is NO TRUE LEADER in any regard. He is simply a puppet for Dr. Boner and is protecting his compensation and those around him, with gusto. If the board of directors can not find a competent CEO and COO, labor can not help them even if we give 100% of our pay and benefits to them. Respect and leadership is a 2 way street. And I see NO LEADERSHIP on the horizon. It is unfortunant for everyone.