Originally Posted by FlyGuy2002

You guys do realize in business it's the owners of a business who are entitled to profits first, right? Employees can always complain, but the that's how business works. The board of directors represents the owners (shareholders) and have a fiduciary obligation to get them a return on their investment. The only fiduciary obligation they have to us is to pay us what the agreed upon pay rate is. From pilots down to contractors. Also, insiders and top 5% shareholders only account for .3% of the outstanding shares. Institutional investors, mutual funds, state pensions funds, etc, own over 97% outstanding shares.

When we get a raise it'll be a combination of things. Markets, attrition, lack of applicants, etc... and we will get one and deserve one. But to say they should pay us before the owners because we just want more pay and think we deserve it more than any other group isn't how business works. I can almost hear the owners saying the same thing "there's almost a billion dollars in the bank and they are giving the pilots more money instead of paying me? The very person who invested in this company, ***"

Just how it works, when there are profits to be either spent or reinvested, it goes to owners before employees...