9 mil? If that’s right that’s a good amount. It’s not just a gesture. A drop in the big bucket but hat money can buy the company a lot of things that would help us be more profitable. It would pay 150 man-years of salary at $60 grand. It could help feed into the budget for reconfiguring aircraft, MX costs, office construction, new printers (retire the dot matrix fleet!, they’ve gotta die sometime), terminal improvement,etc. or it can help speed up existing projects. Even if none of that happens then it’s $9m more towards profits that we share. I doubt that it will just turn into increased management bonuses, especially with this gesture from the top guy who is still around and can see where he money goes.
I’m usually cynical, but whether it was the board or him, I appreciate the message. Have you ever wondered about a management decision or have seen what you thought were poor choices by staff/management who appeared to not worry or care about being accountable? How does a CEO help improve this culture and steer the big ship? This was one way to help, leading by example.
Few other CEOs these days think and act this way. FWIW I would be a little ****ed if he took the money and gave into to some charity rather than decline it and send it back to help make our jobs more secure.