PITbull
Veteran
BB,
My knowledge of Dave's total compensation for 2002 was approx $1.4 million, and Neal Cohen was a little shy of million. Dave did concede to a 20% pay cut bringing his $750,000 salary to $600.000 (3 times that of JetBlue CEO salary). If you add in his sign on bonus of $750,000 in 2002, his total compensation, including expenses came to a little over $1.3 Mils. In the Winter restructuring agreement, Dave conceded to a concession of no bonuses in 2003. However for the year 2004, bonus' are a "free reign", and NOT tied to airline performance but rather tied to personal performance targets.
However, if you have other information regarding the additional $2 Million, please tell.
If Dave and co. come for round #3, I will be requesting info on senior execs medical/dental plan. They say they have the same medical contributions as the pilots which is 26%, but I will need to see proof, which I never have.
Also, they will need to further reduce management ranks, and prove the theory of doing "More with less". They say there are 150 managerial positions open, Why? They need not fill them, we have too many now, and with much more of a reduction of personnel: 20,000 less.
In PIT In-flight alone, we have 6 supervisors and 2 admin supervisors for approx 1175 f/as down from 3,000 at 9/11. Our local union office staff has 1 full time person (Pres) and a part-time staff (VP) to absorb all problems, calls, disciplines, grivances, superv. meetings, all leave of absences, sched issues, claims, furloughee questions, for 1175 f/as. We as a local AFA union have adapted to do more with much less staffing and much less of a budget.
If you look at all of F/A Inflight Department as a whole there are: 7 base managers, (1 extra in PHL), 1 director of INflight, 2 labor relations managers for Inflight, 2 Inflight operations and crew planning managers, 1 Manger of restructuring agreements, 1 VP, not counting all the supervisors in all the other bases as well. All brought on between Jan. of 2002 and present. For a f/a census of approx. 5.200, down from 10,300. Before Jan. 2002, we had 10,300 f/as and there was NO VP of inflight, and only 1 Sr. Director who answered directly to the CEO and 1 inflight manager for 10,300 f/as. What is wrong with the present picture? Some of these new positions were a result of promotions after every resturcturing agreement, thus, they got to circumvent pay cuts by moving up a "grade". IMO, more consolidation is in order.
This is for another future posting.
My knowledge of Dave's total compensation for 2002 was approx $1.4 million, and Neal Cohen was a little shy of million. Dave did concede to a 20% pay cut bringing his $750,000 salary to $600.000 (3 times that of JetBlue CEO salary). If you add in his sign on bonus of $750,000 in 2002, his total compensation, including expenses came to a little over $1.3 Mils. In the Winter restructuring agreement, Dave conceded to a concession of no bonuses in 2003. However for the year 2004, bonus' are a "free reign", and NOT tied to airline performance but rather tied to personal performance targets.
However, if you have other information regarding the additional $2 Million, please tell.
If Dave and co. come for round #3, I will be requesting info on senior execs medical/dental plan. They say they have the same medical contributions as the pilots which is 26%, but I will need to see proof, which I never have.
Also, they will need to further reduce management ranks, and prove the theory of doing "More with less". They say there are 150 managerial positions open, Why? They need not fill them, we have too many now, and with much more of a reduction of personnel: 20,000 less.
In PIT In-flight alone, we have 6 supervisors and 2 admin supervisors for approx 1175 f/as down from 3,000 at 9/11. Our local union office staff has 1 full time person (Pres) and a part-time staff (VP) to absorb all problems, calls, disciplines, grivances, superv. meetings, all leave of absences, sched issues, claims, furloughee questions, for 1175 f/as. We as a local AFA union have adapted to do more with much less staffing and much less of a budget.
If you look at all of F/A Inflight Department as a whole there are: 7 base managers, (1 extra in PHL), 1 director of INflight, 2 labor relations managers for Inflight, 2 Inflight operations and crew planning managers, 1 Manger of restructuring agreements, 1 VP, not counting all the supervisors in all the other bases as well. All brought on between Jan. of 2002 and present. For a f/a census of approx. 5.200, down from 10,300. Before Jan. 2002, we had 10,300 f/as and there was NO VP of inflight, and only 1 Sr. Director who answered directly to the CEO and 1 inflight manager for 10,300 f/as. What is wrong with the present picture? Some of these new positions were a result of promotions after every resturcturing agreement, thus, they got to circumvent pay cuts by moving up a "grade". IMO, more consolidation is in order.
This is for another future posting.
