Originally Posted by
Riddler
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.
The ugly truth is that you do not have to like executive pay, they will not ask for you opinion either way. They and the BOD control the purse strings.
The average life expectancy of a CEO is in the 2.5-3 year mark. Most are smart enough to do exactly what we would do if in that position, get paid as much as they possibly can, because they know the position is temporary at best.
If anyone is to blame it is the BOD's that vote this stuff in, but again, it is the same group, and there is a reason that labor is generally not included in these talks. Again it is the ugly truth. You do not have to like it.