Originally Posted by
Fugawe
What's your opinion on airline mgmt taking multi-million dollar bonuses after pilots take 23-50% paycuts (along with all other employees taking cuts)? Moral and ethical? It's (the bonuses) 'legal' just as these divorces were.....fishy or not.
The 'get mine first' crowd is mgmt. You may not like what these pilots did, but what do you suggest? Should they hang around until the airline goes totally under and there's no $$ for anyone? Do you really think the retirement $$ they earned and took via divorce really affects anything with the airline ops?
They used a legal loophole to extract $$ from the airline they'd never get otherwise (unless you really think this airline will be around to pay their retirements). You might disagree with them on moral and ethical grounds -- but you should be all over mgmt too, or you're a hypocrite.
Personally I don't like it either, but I'll vilify mgmt before I crucify an employee taking desperate measures to secure retirement funds that will be stolen by mgmt in the end anyway.
Do you think these pilots would have done this had they not been shoved into a corner? Who shoved them? Who's the real villiain?
OK, 2 rights don't make a wrong..........but then, this ain't Camelot.
I don't think anyone would excuse the management bonuses and pay. The problem is that the money in a retirement fund belongs to the PILOTS and not the company. As long as the fund stays fully funded, then what these guys did didn't hurt their fellow pilots. If the retirement fund goes into liquidity shortfall and/or is terminated then what these guys did DOES HURT THEIR FELLOW PILOTS. When you take more than your share from the pension fund, you are taking from PILOTS, not from management. That is why people are upset with what they did.