qwerty -
Excellent post. The "lower level" management types are always getting lumped in with the executives in these types of discussions and I am glad you took the opportunity to point that out. Just as every union employee was offered the ability to sever from the company with severance pay, these people need to be afforded the same opportunities to either retain their services or thank them for a job well done when they are forced out through the merger.
When we look at the figure of the 18 million for the top 25 executives of the company.....I say no way in hell! Using the excuse that this is what is done in the business world during mergers and bankruptcies is total bull feathers. How many executives of failing companies are rewarded for pawning the problems off to someone else to fix? If the executive team ahd fixed the problems and returned the company to profitabilty and operational excellence, then I would be less opposed to the payoff. But to pay off executives for the operational and financial mess that we are in is just ridiculous.
How could any of the executives, in good conscious, accept that money knowing they didn't fix the problems here, they just moved the problems on to a different management team. The inherent problems of the entity, US Airways, will not change just because someone else bought the pig. There will still be huge obsticles to overcome. On merger day I would be happy to come to CCY and hand each executive a box, have them escorted to their desks (to clean them out), pat them on the back and say - sorry bub....we're going to have to let you go. The same type of scenario that has been played out over and over for nearly 25,000 other employees.
If there is such a drive to recruit the "executive talent" of US Airways, then why are any of them still here? What was the big payoff of staying with US? (besides the million + in severance/bonuses) My take on it is that they really aren't being recruited or they would be gone. I mean really.....can you imagine what would be on someone like MPA's resume?
Executive VP of Customer Service and Operations.
Unable to achieve any of my performance goals.
Brought Customer Service levels down as low as possible.
Lost millions of dollars by being the only person that didn't know that there was going to be a holiday melt down due to staffing issues.
well, you get the idea.
LibertyBell said, "Anyone think the bankruptcy judge has been already bought off?"
Hmmm, if this passes through the bankruptcy court with the judges approval as written, then I think I know where that discretionary 5 million dollars is going!
I understand the philosophy of retaining talent......and there is a lot of talent here to save, I just don't think a lot of it is at the top of the food chain. The first thing I would do if I were the bankruptcy judge would be to remove the 18 million for the executives with a big red NO FRICKEN WAY!
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