Originally Posted by
Happyflyer
It used to be common knowledge that he gave out those raises as classic miss direction.
Word was mgmt got outrageous raises at that time and he bundled that cost with all the labor raises, also distracted the labor groups from becoming outraged since they were preoccupied with their own raises.
Kinda sorta true. It was required per the merger agreement that for upper management to get their bonuses, labor had to be market rate.