Being a EWR73FO you should know that CAL management does not now, nor has since 1983, cared anything about a "product." They follow the Gordon Gecko (brilliantly based on Lorenzo) mantra of "greed is good" and skim whatever money they can, using any scheme they can (satellite companies to suck the profits from the airline in the 80s, a merger today), for as long as they can.

The next gambit appears to gut the domestic operation a la UAL. He can take the worst of both contracts, CAL's zero workrules, work til you drop, I will save the company contract, and combine it with UAL's 70-seater, Irish JV, if it moves outsource it contract.

All the "savings" will result in a massive shift of wealth to a few people while destoying the lives of several thousand employees across the company. Smisek will get CEO of the Year and will be the first American head of the Star Alliance, graduating from mere American wealth to European royalty.

• Smisek said he expects United Continental, a merger last year of United Airlines and Continental Airlines, to shrink in the U.S. "We'll have the domestic [operations] sized solely to feed the international traffic."

-- The Executive shall receive a minimum annual base salary equal to $975,000.
-- The Executive's bonus shall be 150% of base salary; may range between 75% and 200% of base salary.
-- The Executive [shall be granted] a special integration award with a target value of $4,000,000.
-- The Executive [shall be granted] a long-term incentive award with a grant value of not less than $8,400,000.