Originally Posted by
KC10 FATboy
The past two years have been rough on companies and I guess the board felt that Alaska's CEO deserved a pay raise. Doing some rough math in my head, 4.3 million dollars equals roughly 50 pilots making $80,000 which doesn't count the cost of any benefits.
I know it sucks when people lose jobs and/or are furloughed. However, a company is in business to turn profits. If it is a publically shared company, then they have a commitment to the share holders to turn profits. Companies don't exist to unnecessarily employ people even if it's making huge profits. It's just business and as a worker you need to understand this. If you don't like it, become your own boss and start your own company. We all have that right and ability to do so if we wish.
Seriously? Are you OK with the likes of Goldman Sachs and AIG getting infused with billions of taxpayer money, laying off 3,000+ workers in 2008, and then paying their CEO a $9 Million bonus for 2009 because he returned the company to "profitability?" What did he do to earn a bonus? FYI, in 2006, Goldman Sachs paid their CEO a "world record" bonus for his brilliance. We all know how his 2006 business plan turned out to be.
Bottom line: if Alaska can afford to give the CEO a raise, it can afford to give its pilots a raise. Period.