Execs Vow To Sacrifice

[us0004us]

Execs vow to sacrifice, but haven't decided how much

"Management will participate in the sacrifices that the labor groups are going to take," US Airways spokesman David Castelveter said. "The assessment is being done right now to determine exactly to what extent that will be. We are looking at everything, from pay to benefits."


http://www.charlotte.com/mld/charlotte/liv...vel/9657562.htm

The airline also has not offered bonuses to its executives to ensure they stay on through its bankruptcy filing, bucking a typical move.


some would suggest/insist they take a 60-68 percent cut in compensation...

 

[mrfish3726]

Why is UAL paying Tilton 800K+ B) The 450K range is more what these goons are really worth, MAYBE!

 

[robbedagain]

Execs vow to sacrifice, but haven't decided how much

"Management will participate in the sacrifices that the labor groups are going to take," US Airways spokesman David Castelveter said. "The assessment is being done right now to determine exactly to what extent that will be. We are looking at everything, from pay to benefits."
http://www.charlotte.com/mld/charlotte/liv...vel/9657562.htm

The airline also has not offered bonuses to its executives to ensure they stay on through its bankruptcy filing, bucking a typical move.
some would suggest/insist they take a 60-68 percent cut in compensation...

[post="179938"][/post]​

ok mgmt can take a 99.9% paycut, then have their first class travel and the space positive perks all revoked,their benefits reduced to say mainline express type, can have thier paycuts down to what a mainline express would top out, absolutely no bonuses for life, start treating employees the way say continental treats their employees--you know with respect and with pride and to recognize that the employees are the ones who make this airline fly, not you management folks, and lastly but not the leastly, get rid of jerry glass, steve rader, al crellin, and put the union employees in charge. then maybe we will see a lot different attitudes among the employees and management

 

[Winglet]

What a bunch of crap. Why hasn't it ALREADY been done, like TWO YEARS AGO??? Maybe the same reason none of the other "great" ideas have been implemented . . . . just waiting to make the employees burden the load. Lakefield's got a plan alright. . . . . Three "hail Mary's" and sub-JetBlue compensation for workers.

 

[Seatacus]

"Management will participate in the sacrifices that the labor groups are going to take,"

[post="179938"][/post]​

Are you sure this isn't like ancient priests who participated in the sacrifices of virgins who were thrown into the volcano......

 

[us0004us]

except for the virgins, there are similarities.

not just the execs,but middle management too needs to step up to the plate..big time

hopefully capt schear's restructuring will eliminate the waste in management, but until then...everyone needs to step up to the plate...unless of course usairways is not in bad shape...well then , what are we waiting for?...management and execs.. your turn to take one for the team..just like some usairways employees are doing again...and again....and again!

 

[Phantom Fixer]

Executive compensation at U has always been out of line when comparing U to the other much larger legacy carriers...it really gets out of hand when drawing the comparison between U and the LCC's that U is comparing it's workforce needs too.

The other issue is the number of executives and middle management levels that U has and rewards above and beyond their negotiated salaries...yet have produced nothing that remotely approaches a winning team or a profitable business.

U cannot afford multi-tier levels of redundant management ..and it certainly cannot afford to over pay for the sake of so-called retention of quality leadership..in this respect alone , we should all be seeing a rebate or a return of the money to the companies balance sheet.

D not ask of the workforce...unless the leadership fully intends to ask of themselves in thought word and deed.

 

[wench]

Whle you're in the 'house cleaning'mode,get rid of Donna Palladoni also!

 

[Winglet]

Anyone want to bet that the senior execs already have suitcases full of money ready to go? They know what's coming and they're not going home poor. In the confusion of the collapse, there's probably going to be a lot of money going out the executive washroom window.

 

[BoeingBoy]

I think it was in the first proposal to ALPA that they said that management would "contribute" up to $35 million, but that the complexity of our operation vs the LCC's would have to be considered.

Amazing that the business model should play a determining role in their concessions but be beside the point in employee concessions...

Jim

 

[SpinDoc]

Part of the reason for that is non union employees are valued at "fair market". Their earning potential is not artificially low or high due to a "Bad Contract" Their value floats.

[post="180095"][/post]​

Bob:

This is something that I can agree with you on.

 

[Phantom Fixer]

Value ???

What a pant load that is. Far too many non-union employee's at U live in an un-acounted for world.

They rarely have to account for their time on the job , sick time and or vacaton in some instances. This have seen firsthanded..yet if a Unionized employee were to try an alike approach to life? They would be out on their A$$ faster than you could imagine.

The issue is being accountable..and many in Management have proven time and again to be anything but that.

You cannot ask more of others than you do of yourself and expect to gain respect or credibility with others

 

[us0004us]

looks like both union and non union employees value will float over time...

 

[732guy]

:angry:

most of you all still don't get it. Most of what is considered management at US Airways (mostly non-union administrative in CCY, INT, PIT) are NOT, repeat NOT, raking in the big bucks. They work 40 hours+ week in, week out. Granted, there have been some outrageous compensation for the very TOP management in the past, but they are the EXCEPTION rather than the rule, by far. A good portion of management folks are highly educated and are already making much less than union folks at US. they are not all highly paid and can't afford to give up much. you can say that they can leave and get another job and guess what - - they are!

 

[us0004us]

no one can afford to give up much, some would say.