Hopeful
Veteran
- Joined
- Dec 21, 2002
- Messages
- 5,998
- Reaction score
- 347
Don't know, don't care. He is working for less base salary than most CFOs of major corporations. If he worked for free, his pay divided among all represented workers wouldn't give you a $10/year raise.
Nope, you're incorrect. I do think you're being impatient. As some others have posted, waiting until AA actually recovers would probably give you more leverage. Aren't execs are more likely to settle for higher pay if it means preserving a profit stream without a devastating strike? If you strike when the company is losing a billion dollars a year, the execs are likely to thank you for shutting it down.
Yes, you want guaranteed raises regardless of whether the venture makes money.
Executives have never and will never "feel the pain" that "lowly workers" feel. They took base salary cuts in 2003 and took 1.5% raises each year (just like the represented workers). Their LT incentive pay agreements paid off big when AA's stock outperformed all comparable airlines by recovering from $1.25/sh to $41/sh. Yes, I know your stock options didn't make up for your pain. Your union should have demanded more upside in 2003. It didn't, and it failed you. If it were me, I would have spent the last 7 years replacing the worthless union and setting in motion increases to my pay instead of worrying about Arpey's paychecks, but to each his own.
Lets answer each item.
+++++As for Horton....It's not the point that no matter what his raise was, it wouldn't do anything for employee paychecks. When it comes to executives, they usually give them what they want. they killed two birds with one stone here. They got back the most valuable Horton AND Arpey got a raise....
+++++As for raises....Yes I want guaranteed raises in lieu of profit sharing and stock options and bonuses.
Leave that for the execs. Most of us decided years ago not to go into management for that being one the reasons.
When these big shots sign on with AA, do they not get certain guarantees? Are they not guaranteed ANYTHING when they leave or if the company decides to oust them?
Why is it ok for an executive to get get what he or she demands, but the rest of us just have to be good little boys and girls and wait for crumbs.
+++++Impatient, darn right! You sound like a smart person. Can you total what I lost over almost 7 years? $20,000/yr. In return I got $.42 an hour. What's 1.5% for an executive?
You are correct about replacing The Worthless Union. Unfortunately it will never happen.
The bulk of the mechanics are in one place and all the company has to do is threaten outsourcing and POOF!!!!! we have another industry leading concessionary contract.
One other thing I could not disagree with you more on....No matter what this company earns in terms of profits will ever get us back to where we were 7 years ago.
As far as worrying about Arpey's, Hortons, or any execs paychecks, I would rather not have to. But when they preached sharing the pain, theirs was minuscule to non existent compared to ours.
The only pain they knew was perhaps making less than their position counterparts at other companies.