MAJOR REDUCTIONS SEPTEMBER 08

[tech2101]

And while Rome burns, Nero fiddles...

Outrageous perks

The recent outrageous perk award goes to Continental Airlines (NYSE: CAL) CFO Jeffrey Misner who asked for and was granted a free lifetime parking spot at Jacksonville International Airport. As long as the 54-year-old retiree lives within 200 miles of Jacksonville Airport, and providing Continental has operations at the airport, Misner will have a free parking place. Of course, that's just a perk that goes with a $2,997,000 retirement pay.

 

[Borescope]

And while Rome burns, Nero fiddles...

Outrageous perks

Good for him........

At least someone in this business knows how to negotiate and he doesn't even have a Union standing behind him.

 

[signals]

In my area, Continental isn't cutting jobs, but rather the HIGH paying jobs. Yep they're bringing in the $8/hr. do-it-all-with-a-cut-in-pay employees. A party is planned for current employees in mid-month.

Like most others, the employees will now become low-grade and low-quality. You get what you pay for.

 

[czerny]

Question, any FA layoffs due to the cuts? A classmate of mine went to CO after our layoff from AA in 2003. He turned down the recall last year back to AA to stay with CO as a Portugese speaker last year. Is his job safe? Best wishes to everyone at CO.