Originally Posted by
Jughead135
True enough, but then your C-suite shouldn't be saying that (all of) you are over-compensated due to that equity. Any "compensation" comparisons that involve the equity stake (a dubious method, IMO) need to acknowledge that NONE of the 200-ish pilots (speculation, I don't know the actual number) hired since that time have that equity. That's a sizeable percentage of your overall list to ignore when making such a comparison....
Fact. I personally know several (including myself), and I know of several others. Second-hand, I've been told roughly one per month have been leaving and that it's been the same in every case: give your two-weeks notice, get told "make it effective immediately." I've heard (second-hand again) that that's happened a couple of times in the middle of a trip.... I just hope the word has gotten out and people are identifying their "last day" accordingly....
Fair enough Jug, and just to be clear, I never agreed that our pilots,
even with the equity, are fairly compensated, let alone OVER compensated. I KNOW the whole lot of us is UNDER compensated. I'm just saying it isn't right for us new guys to envy that particular form of payment, but I understand it's easy to do.
As far as the company saying "make it effective immediately," just so were clear, it's not a termination correct? Just more of a "we don't need the notice, consider yourself resigned as of today." I'm asking you guys, because I hadn't heard of this until now. Regardless, I agree it's totally $h!!ty, and I can't really see the point of that kind of behavior. Who else does this?