Tell me, O Great One Flyer!
I have 31 years experieince as an aircraft mechanic!
What do you think I'm worth?
I bet you'll say "what the market rate is"
Let me tell you about these CEO's and other overpaid greedy execuitves:
THEIR COMPENSATION IS DETERMINED BY THEIR PEERS...........THEIR BOARDS OF DIRECTORS WHO ARE CEO'S AND CFO'S OF OTHER COMPANIES WHO HAVE THEIR WHO HAVE THEIR COMPENSATION DETERMINED BY THEIR PEERS.......THEIR BOARDS OF DIRECTORS WHO ARE CEO'S AND CFO'S OF OTHER COMPANIES WHO HAVE THEIR WHO HAVE THEIR COMPENSATION DETERMINED BY THEIR PEERS.......THEIR BOARDS OF DIRECTORS WHO ARE CEO'S AND CFO'S OF OTHER COMPANIES WHO HAVE THEIR WHO HAVE THEIR COMPENSATION DETERMINED BY THEIR PEERS.......THEIR BOARDS OF DIRECTORS WHO ARE CEO'S AND CFO'S OF OTHER COMPANIES WHO HAVE THEIR WHO HAVE THEIR COMPENSATION DETERMINED BY THEIR PEERS.......
THE FORMER EXXON MOBIL CHAIRMAN LEE RAYMOND REALLY EARNED HIS $390 MILLION DOLLAR PAYOUT UPON RETIREMENT..
You see, O great ONEFLYER, the average working person doesn't have the luxury of having his/her compensation determined by a peer unlike the fat cats.
So tell me how what the CEO of EXXON make effects your salary? You're talking about two different issues. Is CEO pay for many companies too high yes, of course. That doesn't mean that your pay is too low. The problem with airline employees is completely a supply and demand issue. There are a lot of airline employees and not as many employees. Think back when the Eastern mechanics struck, AA and Southwest were growing rapidly and there were several start ups, when Eastern went under there were jobs available. Today that just isn't the case, if AA goes under there just isn't anywhere for all the employees to go. Management has the upperhand, in 5-15 years as all of AAs older mechanics start retiring the rate will climb, because there won't be as many able body mechanics to replace them.