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Author Topic: Those darn airline unions.......  (Read 1148 times)

Offline Toad

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Those darn airline unions.......
« on: March 28, 2003, 11:46:21 AM »
From the Atlanta Journal Constitution, 3/26/03:

Quote


Pinched Delta gives bonuses to execs last year

By RUSSELL GRANTHAM
Atlanta Journal-Constitution Staff Writer

Executives at Delta Air Lines got cash bonuses totaling $17.3 million last year, as the company posted huge losses, slashed thousands of jobs and sought millions of dollars in federal aid.

Delta used another $25.5 million in cash to create special funds guaranteeing certain executives' pensions in the event of a bankruptcy, according to a filing the Atlanta-based airline made Tuesday with the Securities and Exchange Commission.

The filing shows that Chairman and Chief Executive Leo Mullin got the biggest bonus, $1.4 million, in addition to his full salary of $795,000, for a total of $2.2 million in cash pay. It was the highest amount Mullin has received in his 5 1/2 years at Delta.

Delta had given no executive bonuses in 2001, but last year retooled its bonus formula to make them possible despite $1.3 billion in losses.

Company documents show executives were aware the pension changes could create public relations problems with various groups, ranging from


You have to laugh. At least I do.


Well, this ought to get something going other than "war, war, war".

:D
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Offline Airhead

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Those darn airline unions.......
« Reply #1 on: March 28, 2003, 11:56:56 AM »
Unions??? Toad, I thought the Unions were the crooks???

LOL Anyway, just further proof we no longer need labor unions . ;)  (as more and more people line up for their new careers in the service industry)
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Offline Dowding

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Those darn airline unions.......
« Reply #2 on: March 28, 2003, 12:09:19 PM »
Big business fat cats taking a tasty slice of a non-existant cake disgust me.

They never lead by example.
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Offline GRUNHERZ

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Those darn airline unions.......
« Reply #3 on: March 28, 2003, 12:10:07 PM »
No argument from me executive salaries and benefits are excessive especially when performance does not match the high compensation.

However if you wanna think that the extremly powerful and arrogant airline unions are helpful to the industry then so be it - they are just labor supply subcontractors that artifically raise  costs to the major airlines and help them nicely along into bankruptcy.
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Offline Udie

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Those darn airline unions.......
« Reply #4 on: March 28, 2003, 12:26:46 PM »
And these same hypocrites are about the ask the gobment for more money....


 shreck em I say, let businiess take it's course...
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Offline midnight Target

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Those darn airline unions.......
« Reply #5 on: March 28, 2003, 12:28:34 PM »
Any company with a labor union deserves it.
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Offline Sikboy

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Those darn airline unions.......
« Reply #6 on: March 28, 2003, 12:31:12 PM »
Quote
Originally posted by Airhead
(as more and more people line up for their new careers in the service industry)


Wouldn't pilots and mechanics already be in the service industry? ( I honestly don't know lol).

-Sik
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Offline Dnil

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Those darn airline unions.......
« Reply #7 on: March 28, 2003, 12:43:17 PM »
brother in law who flies 737s for delta just got the axe.  200 pilots I believe just got furlowed(sp).  All the while the executives get this crap.  

My other brother in law is about to get the axe from American Airlines, flies the airbus outa JFK.  

One is a retired gulf war marine veteran and is about done with the aviation game.  

Other is former Navy and will probably go bankrupt because of this.....needless to say it pisses me off highly.
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Offline miko2d

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Those darn airline unions.......
« Reply #8 on: March 28, 2003, 01:02:11 PM »
It's a private company - they should be able to run themselves into the ground whichever way they want - like through paying exessive compensation to their employees - pilots, executives, etc.

 As long as the government does not bail them out, it's fine with me. More efficient competitors woule get their planes and routes and terminals for pennies on the dollar, no value will be lost, nobody worse off except the owners (shareholders) and employees not taken by the competitors - that were exessive anyway, in that case.

 miko
« Last Edit: March 28, 2003, 08:19:49 PM by miko2d »
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Offline fd ski

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Those darn airline unions.......
« Reply #9 on: March 28, 2003, 01:05:32 PM »
Dnil, i think JetBlue is still expanding, maybe they get something there.
JetBlue is non union shop if i'm mistaken.
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Offline Greese

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Those darn airline unions.......
« Reply #10 on: March 28, 2003, 01:13:32 PM »
My wife (took a few business classes) believes Jet Blue to be one of the best run airlines out there.

Southwest does alright to, I think.
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Offline SirLoin

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Those darn airline unions.......
« Reply #11 on: March 28, 2003, 01:16:55 PM »
Yep...Bloody unions are to blame for the Airline industry's woes...:rolleyes:
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Offline squelch_19

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Re: Those darn airline unions.......
« Reply #12 on: March 28, 2003, 01:27:31 PM »
Quote
Originally posted by Toad
From the Atlanta Journal Constitution, 3/26/03:


Hiya Hunnie ;)
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Offline Toad

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Those darn airline unions.......
« Reply #13 on: March 28, 2003, 04:10:00 PM »
Dowding wins the prize.

Lead by example. They never, ever do.

Trying times for the industry; sacrifices must be made. Follow my example!

Ooops. Wait. Don't follow my example.

So.... how many of yas would be willing to stand up and cheerfully take the paycheck hit they ask you for after you read this?

There's the reason for the continual enmity.
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If ye love wealth better than liberty, the tranquility of servitude than the animated contest of freedom, go from us in peace. We ask not your counsels or arms. Crouch down and lick the hands which feed you. May your chains sit lightly upon you, and may posterity forget that you were our countrymen!

Offline Toad

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Those darn airline unions.......
« Reply #14 on: March 28, 2003, 04:16:04 PM »
OH, yeah..

bzzzzzzzzzzzzzt......... doink!
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If ye love wealth better than liberty, the tranquility of servitude than the animated contest of freedom, go from us in peace. We ask not your counsels or arms. Crouch down and lick the hands which feed you. May your chains sit lightly upon you, and may posterity forget that you were our countrymen!
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