Originally Posted by
Saabs
I agree with both points. Parker was in Miami yesterday and the question was raised during a q and a and he kept pointing out how when times are down that having the higher rates and not having profit sharing would be the way to go. I'd much prefer our CEO to talk about how he will guide us to profits than hear about when we are losing money. We will see, it's all in the hands of the APA negotiators now....
Pay raise vs. profit sharing...
The CEO club always wants to pitch it as an 'either-or' proposition.
Chose one.
But it doesn't have to be a choice.
You can have BOTH.
Employees SHOULD have BOTH!
First off, you need a 3% raise every year, just to keep up with inflation.
Second off...WHO took a huge pay cut to save Delta and American and United?
WHO?
Yeah, the EMPLOYEES!
THAT is why they should always share in the wealth their sacrifices produced.
AND they should have raises, above a cost of living increase, to recover from the pay cuts.
Of course nobody in the CEO club will see it that way. They are paid with stock options. They would rather give that money to the share holders, to run the stock price up, so in effect, they can transfer your sacrifices to their pockets.