Airline execs well off

[mlt]

Times on Line

 

[Dog Wonder]

"Legal, yes; moral, not on the surface," Nutter, the Geneva professor, wrote in an e-mail.

The New York Times reported in October that the average pay package for chief executives is at $10 million, up 13 percent from 2003.
"In view of the pension and health insurance givebacks being forced upon lower-level workers, this surge is especially obscene," wrote Gretchen Morgenson.

For Nutter, compensation ratio raises a moral issue.
"It's very difficult to believe anybody is worth 50 other people," he said. "The fact that somebody else (at another corporation) did it doesn't make it the right thing to do."

Damned press.

 

[calibrator]

Times on Line

Welcome to the very definition of depravity were excuses are made for the harm caused to many innocent people in the name of capitalism. And then people wonder why the radical left see socialism as a viable option given what we all live with. The very rich and powerful and the very poor and weak barely surviving. All I can say is what was already stated. "It's easier for a camel to go through the eye of a needle than for a rich man to enter the kingdom of God".

 

[Q2DETX5]

Well, there's a little cheer for the season...........


Boy, is it quiet around here.

 

[PITbull]

This article validates THE injustice to Labor and all working Americans in this nation. These Eecs stripped Labor using the Bankruptcy loopholes as THE business model and then get rewarded as they dump pensions to the taxpayers, and wipe out the shareholders, burden the taxpayers with those workers who are furloughed and on the street, creditors and vendors who went into contracts in good faith wiped out.

A diqusting bunch who get recycled back into the sytem to spread their infectious ideology of "rob the working poor and become RICHER" than you came in the company that was earmarked to go over the cliff.

The BK laws should be reformed that no one should obtain any windfall, perk or bonus from a company that is in BK or one that just emerges from BK. No one. If a company survives a BK through sacrifices by employees, those employees should reap some reward when profits start rolling in, and then the Execs can take a modest bonus for a company that performs well and exceeds certain performance targets.

 

[Jimmy Neutron]

Here's the bottom line everyone.

We should all be out raged


http://www.timesonline.com/site/news.cfm?n...id=478569&rfi=6

 

[smmech]

Here's the bottom line everyone.

We should all be out raged
http://www.timesonline.com/site/news.cfm?n...id=478569&rfi=6

Or go work for Ben and Jerrys...

 

[Awa Contract]

said it before and I will say it again -

Dougie looks out for Dougie

 

[PITbull]

I would think this post would get a lot more activity.

Execs leave a twice bankrupt airline with millions in their pockets and Labor should be screaming and never ever be silent on the subject! :down: :angry:

I see no balance in this equation.

 

[PHL]

You can't stereotype *ALL* execs as being in it only for themselves. I could argue that you are too, and the only difference between them and you is the pay level.

"Dougie" has shown that he's not just in it for the money and seems to really want the airline to succeed.

 

[dc3fanatic]

This article validates THE injustice to Labor and all working Americans in this nation. These Eecs stripped Labor using the Bankruptcy loopholes as THE business model and then get rewarded as they dump pensions to the taxpayers, and wipe out the shareholders, burden the taxpayers with those workers who are furloughed and on the street, creditors and vendors who went into contracts in good faith wiped out.

Meh, the should have just liquidated and then you could feel validated in knowing no one got anything.

 

[High Iron]

Meh, the should have just liquidated and then you could feel validated in knowing no one got anything.

As if the two were linked. :huh: What an absolutely stupid, non-sequitur comeback.

 

[Awa Contract]

so he can continue to score millions in stock options and bonuses that are more than his annual salary

 

[dc3fanatic]

As if the two were linked. :huh: What an absolutely stupid, non-sequitur comeback.

In the 'folk-lore' of aviation . . . when Eastern went belly up, didn't the Mechanic's Unions declare victory ("We Won")?

There are alot of reasons carriers are in bankruptcy, and union work rules can be counted among those reasons. (read, this isn't a 'pass' for management blunders . . . and hindsight shows several)

 

[gonzo]

"Dougie" has shown that he's not just in it for the money and seems to really want the airline to succeed.

Hmmmm.........DP has all his bonuses $440,000.oo plus benefits.........he makes $550,000.oo a year. I would want the airline to succeed also. I'm not saying he's a "bad guy", but he is someone to listen to with a cautious ear. He IS in it for the Power and Money. IMHO 🙂