Us Air Ceo Says...

[BoeingBoy]

Dow Jones Business News
US Air CEO: No Decisions Yet On Asset Sales
Friday February 6, 1:05 pm ET
By Elizabeth Souder, Of DOW JONES NEWSWIRES

NEW YORK (Dow Jones)--US Airways Group Inc. executives said the airline must cut its unit costs by at least 25% to compete with low-cost carriers, and the airline is discussing such cuts with labor groups.

Article

Jim

 

[Winglet]

If they need to cut overall costs by 25%, Siegel will need to cut employee compensation a lot more than that.

 

[Art at ISP]

Why don't Siegel and the rest of management take a 50% pay cut, like other airline executives have done???

I wonder how much THAT would contribute to cost savings........

My best to you all....

 

[Winglet]

Actually, not much. However, on principle, decent leaders would do that. Also, however, corporate executives in this country have demonstrated that they have no principles. I noticed tonight on the news that they are exposing horrid sweatshops in China producing computer parts for IBM, Dell, and a lot of other American companies. Officials from Dell said they were surprised by this ("I'm SHOCKED to see gambling in this cafe, Rick" - Casablanca) and said they were looking into it. "Shocked" my butt. I'm sure they ALL know EXACTLY what's going on. And as long as Americans can buy their computers real cheap, they could care less too.