Worse then Franke.....
- Thread starter zflygrl
- Start date
However, my point is this: Even if Doug Parker, and all the other executives, worked for free, US Airways would not change the way it compensates front line employees. Why should they? Through the agreed upon concessions, it was made clear that labor is ultimately willing to work for what they are being paid. The market sets a value for every position. Some companies, and some industries, choose to pay either above that market level or below it. The employees who work for either type of company choose to do so.
StuckHere,
Correct me if I am wrong but DP and the rest of the execs are they not also EMPLOYEES of the corporation? I dont seem to recall DP or any other execs putting up their own dough to fund the corporation. The management employee reeks of a blue blood mentiality and this will create the warm fuzzy feeling that the peasant employee are now feeling. The falling from the grace of the peasant employees is not a good thing and this is when things start to get interesting.
True leaders ...lead by example
Why should he not have sold them? The company didn't buy the stocks from him so the company didn't spend any cash. The options were exercised on the Aug 1; LCC stock actually went up the 1st & 2nd.
If he had waited for the price to go up before he sold, people would be complaining that he made even more than $9 million; if he had sold it when it was lower, they would have complained even more that he is "bailing out".
I have no reason to think he's lying when he said he wanted to diversify his portfolio. Maybe he is lying . .I have no way of knowing that.
You may not like the action plan that comes your way. Trying to improve the situation could eventually mean striking workgroups. Obviously, you havent been thru the"take the pay cut or there wont be any company left" whining that many have dealt with. Once all the contracts are signed management gives themselves bonuses. You dont want to presume anything about Dougs financial situation than dont presume you know anything about anyone elses. I work on the west side and although we havent dealt with concessions(it would be illegal-there is a minimum wage law), I cant imagine someone telling me to take a pay cut when my expenses are rising and than watching someone else make millions from the situation. Im sure many would leave if they hadnt put their hearts into a company and worked with their friends(co workers) for so long. Its hard to start elsewhere after so many years, Im not saying people cant or arent doing it but its not easy. Many love their jobs and being forced to go elsewhere after years of dedicated service is just plain sad. And just for your edification you have no clue what front line employees go thru. Just because you have dealt with a customer or 2 doesnt make you an expert just like reading P&L statements doesnt make me a CEO.
Good thing DP cashed out when he did; LCC is down 7% so far today and is off $19 from its 52 week high.
I am left wondering how you reached these conclusions (see bold). I won't even comment on them since I'm left puzzled by them.
All I am suggesting is that everyone take action to make their situation better. And why is it that if I suggest action the only thing you can think of is strikes? That's very telling. "Hey, I don't like the way things are going at work, so I'm not going to go to work anymore!" That accomplishes a lot.
And for the record, I have never presumed to know anything about anyone else's financial situation. Oh, and by the way, there is a federal minimum wage law as well. Just FYI.
Dog Wonder
Veteran
PITbull
Veteran
Hey Stucky,
What are you some new-to-the-industry,kumbskull? Or do you think you can snow all of us; all the time? Let me refresh my memory on those words you just posted...yes, it was JG verbatim telling the employees in e-mails that they shouldn't be complaining because this is what "your negotiators agree to", BS. And this one: "it was made clear that labor is ultimately willing to work for what they are being paid".
Made clear to whom? The union busters on the property, indeed. It is not clear to labor.
"New to the Industry", huh? "Fill you in"?
Not all of labor has signed new contracts. And only the East sits with profound concessions who were forced to the table much earlier than their amendable date stated in their original contracts...the contracts were closed (all three times). The company requested the contracts open because of the financial position of the company, not because labor thought they were over paid. But, I don't need to tell you that...I write it for those who are actually NEW to the forum.
Here's an action plan:
Labor east and west set up pickets at every airport. Pound hard and relentlessly informing the public that the execs are profiting in the millions on the backs of the employee concessions with the company showing hundreds of millions in major profits inspite of the highest fuel prices in aviation history. Many labor contracts are at amendable dates taking management years to negotiate these contracts. Labor needs to hold media blitz every week on the discontent with labor and that LCC pay the lowest wages of any airline in its class. That will make the workers handle their situation better.
How'se that for an action plan...just bring that stock down and piss on the investors. That would make workers come to work more happy. It sure makes me happy just writing it.
There's enough kool-aid being made. No one needs your "special batch".
Bottom line, Dougie took the money off the table and ran, specifically cashing in 80% of the options that wouldn't have expired until 2015. He could retire tomorrow; only being CEO of this new airline 10 months is a pretty good speed to be an instant millionaire. The rank and file provided that path. Would I do it if I were granted the options..Yes. Would I begrudge the employees wage increases or discussion on wage triggers? No.
Um, no we did not, I was part of the IAM M&R Negotiating Committee and we NEVER reached an agreement, as well Fleet Service did not either, our CBAs were abrogated and the membership ratified a final offer from US.
PITbull
Veteran
Lets just bring this back up to the top and see if Stucky has any more profound comments to share.
2clippedwings
Veteran
An arrogant and condescending post. Not really a surprise though. You underestimate the skills and intellect of the minions. Don't discount an elephant's memory either.....
Hey UW,
Get out of your office and go out to the airports and see the real big picture, people in their cubicles have no idea what the front line employees face everyday.
You know those front line people who keep the passengers happy and the planes flying, the employees making money for the company, not some desk jockey.
Get out of your office and go out to the airports and see the real big picture, people in their cubicles have no idea what the front line employees face everyday.
You know those front line people who keep the passengers happy and the planes flying, the employees making money for the company, not some desk jockey.
US1YFARE
Veteran
- Mar 31, 2004
- 3,932
- 54
You better face reality, I don't mean this in a mean way, but this is how Tempe views the frontline people...simpletons who can be replaced in a second for less expensive labor. They are so much wiser in the Sandcastle. They are used to dealing with the GED's and HS grads on the West side who have never been East of Tempe. However, the Sandcastle can't get the website right. It can't respond to customer concerns. It can figure out how to define itself. Still, the frontline people are the dolts.
I think another poster is right...it may be a good time for CHAOS...let's see how much Tempe needs you.
Oh, and don't underestimate the memory of the customer--it seems that the airlines are back to their old ways of screwing the customer. This time we will fight back more than we did in the past...I just love reporting you for each instance I believe you are using unfair pricing techniques and providing poor service, etc., etc., etc.
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