Originally Posted by
SkylineAviation
Never did I say if they don't get pay cuts they go to jail...those were your words. I was making a point about their responsibility to shareholders. Which is to maximize returns. That comes in various forms, one of which is by squeezing labor. Hence their fiduciary responsibility to cut costs and maximize shareholder returns.
They are using Pinnacle and PSA as their reasoning for such concessions against Eagle. Scott Kirby and Parker both openly stated in calls with investors that they MUST compete with Delta and their Pinnacle contact to lower other wholly owned costs. This is how corporate America works and why they must appease shareholders to keep market value.
Understand that you and I are in agreement about how deplorable this is. But I'm simply stating the reasons for their actions and why it's come to this.
Smart management knows that if they take care of their employees, the employees take care of their customers. This has been proven by Southwest paying their 737 crews at the highest rates in the industry, and yet being a very highly profitable company. The same can be said of pay and profitability of flight crews at UPS and Fedex. It's well known by intelligent management that happy employees equate to happy repeat customers!
If current management at some carriers is too dumb to realize the connection between taking care of employees, so they'll take care of customers. It is the fiduciary duty of every crew member at those airlines to vote NO and put a stop to the degradation of this industry by inept management!!!