Leadership by Example

[brokenwrench]

http://finance.yahoo.com/print/expert/arti...eadership/27142

 

[Doc]

I sent this to all our top executives only for the sole reason….therapy

 

[robbedagain]

too bad usairways has yet to have a leadership who knows how to lead by example.

 

[brokenwrench]

I sent this to all our top executives only for the sole reason….therapy

Was that at US? If so I would be very interested if you get a response.

 

[Prince of PAWOBs]

It was an interesting article. Maybe Grinstein has asked himself the question, "How much is enough?" and found his answer.

Populist leaders in the airline industry, unlike their counterparts in history, tend to do quite nicely and reap huge rewards for their views.

 

[SKY HIGH]

http://finance.yahoo.com/print/expert/arti...eadership/27142

Executive Compensation

This afternoon US Airways released its Proxy Statement on 2006 Executive Compensation and it was with little surprise that CEO Doug Parker and other top executives were handsomely rewarded for their efforts in making the merger between America West and US Airways so successful...for themselves.

In addition to his base pay of $550,000, Parker’s other perks and compensation brought the total to $5.4 million dollars for 2006; unless of course you’ve forgotten the $9 million dollars in stock option payouts that Mr. Parker exercised in 2006 which brings the grand total to $14.4 million dollars.

Mr. Parker explained in a letter to employees today that his base salary of $550,000 was ranked 5th out of the Big 6 airline’s CEO pay. The rest of his compensation was "at risk", meaning that it is tied to the financial and operating performance of the company.

Just to put that "base pay" statement into perspective for a moment, the base salary of a 1st year America West Flight Attendants ranks 10th out of 38 airlines, 6th year America West Flight Attendants ranks 28th out of 38 airlines, and the top-out base salary wage for America West Flight Attendants ranks 15th out of 38 airlines. Are you beginning to see the picture?

The gross disparity between worker and executive compensation is magnified when that same executive can withhold paying employees a fair and livable wage, which in turn betters the financial performance of the airline, which leads inevitably to an increase in the "at risk" compensation reward for that executive. The circle of corporate greed is complete.

Mr. Parker and his fellow executives have been asked repeatedly by this MEC to raise West flight attendants wages up to parity with East flight attendants, especially our junior-most flight attendants.

They have repeatedly denied that request.

And now you know the reason why!

http://www.afa66.org/


only stating opinions

 

[Awa Contract]

Chug-a-lug Doug is all about ME, ME, ME.

 

[brokenwrench]

Mr. Parker explained in a letter to employees today that his base salary of $550,000 was ranked 5th out of the Big 6 airline’s CEO pay

If his pay is based on performance then take a look at this chart.

Of the five airlines that have reported full compensation information so far -- how do they stack up when we compare the executive compensation for the top five executives versus the company's EBITDA? (Earnings before interest, taxes, depreciation and amortization)

Looks like LCC is ABOVE LUV and JBLU in pay to its exec's. Are they running a better airline?

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