Atlas Q3 - That's not good.
10-31-2019, 10:06 AM
#3
Gets Weekends Off
Joined APC: Apr 2016
Posts: 293
From the investor call... This guy gets it. The multi millionaire executives have failed to do what they get paid millions to do.
(((("Howard Rosencrans, founder of Value Advisory, said: “The only resonating factor to us, the shareholders, is the … compensation to management, which runs significantly north … into the hundreds of millions of dollars.”
Mr Flynn defended the pay, noting that the company had brought in executives from the retail industry, Pepsi and GE. But Mr Rosencrans queried the compensation and promotions in the management team in light of its failure to fix the labour problems.
“The labour thing has been going on for many, many, many years,” he said. “So this is not a new one. I believe it should have been dealt with. We shouldn’t have allowed it to coincide with the difficult macro environment, we should have been ahead of the curve in my opinion.
“Even a company as complex – in a much worse industry – like GM has been able to successfully resolve labour issues more expeditiously.” )))))
BRAVO!
(((("Howard Rosencrans, founder of Value Advisory, said: “The only resonating factor to us, the shareholders, is the … compensation to management, which runs significantly north … into the hundreds of millions of dollars.”
Mr Flynn defended the pay, noting that the company had brought in executives from the retail industry, Pepsi and GE. But Mr Rosencrans queried the compensation and promotions in the management team in light of its failure to fix the labour problems.
“The labour thing has been going on for many, many, many years,” he said. “So this is not a new one. I believe it should have been dealt with. We shouldn’t have allowed it to coincide with the difficult macro environment, we should have been ahead of the curve in my opinion.
“Even a company as complex – in a much worse industry – like GM has been able to successfully resolve labour issues more expeditiously.” )))))
BRAVO!
10-31-2019, 10:19 AM
#4
Line Holder
Joined APC: Aug 2007
Position: 74 FO
Posts: 97
10-31-2019, 01:08 PM
#6
Gets Weekends Off
Joined APC: Jan 2013
Position: Captain
Posts: 130
Originally Posted by Varsity
Management stealing from the pilots to pay themselves.
And the shareholders are noticing.
And the shareholders are noticing.
I expect a contempt of court fine against the pilots and IBT is coming next over the "slowdown" as management cover for their inability to staff the airline at their sub regional level contract. Perhaps they are looking also to recover some the penalties levied by their customers for service failures by a judge imposing a multi million dollar judgement and taking it out of the pilots paychecks.
There is no coordinated job action amongst the pilots, but the execs know the courts are pro management so they can go back to that well again and again and the union is guilty until proven innocent.
10-31-2019, 03:51 PM
#7
Line Holder
Joined APC: Nov 2013
Posts: 71
....“I believe the continuity of senior management is imperative for the company...” , spouting off with BS like that to justify continued excessive management salaries ( and not their immediate removal from the premises ) , it looks like the shareholders and pilots have been outsmarted , outgunned and outwitted again. You have to give it to management - when they can come up with a rebuttal to failure and incompetence with words like that , no wonder they drive nice cars and have big homes.
10-31-2019, 06:01 PM
#9
Tuberriffic
Joined APC: Jul 2007
Position: Hopefully the bunk
Posts: 222
Originally Posted by ROBsINtheHOOD
spouting off with BS like that to justify continued excessive management salaries ( and not their immediate removal from the premises ) , it looks like the shareholders and pilots have been outsmarted , outgunned and outwitted again. You have to give it to management - when they can come up with a rebuttal to failure and incompetence with words like that , no wonder they drive nice cars and have big homes.
When the story of American industrial decline is written, these guys will look about as good as 18th-century Versailles courtiers.
11-01-2019, 06:07 AM
#10
Gets Weekends Off
Joined APC: Sep 2014
Posts: 693
Originally Posted by Excargodog
Just leave.
Even the most pro-management judge can’t stop that. RLA be damned, involuntary servitude is a violation of the 13th amendment.
Even the most pro-management judge can’t stop that. RLA be damned, involuntary servitude is a violation of the 13th amendment.
How nice.
But it reminds me of an encounter I had during an informational picket. A fat middle aged guy on a scooter tooled over to chat with me, a uniformed airline pilot, holding a picket sign.
He asked, "What's this all about?"
I gave my elevator pitch, "We're the pilots who fly for Amazon, DHL and the U.S. military trying to build awareness of our situation during contract negotiations."
Fat middle aged guy on a scooter answered, "So you're a union?"
"Yup."
He shoots back, "Get another job," and scooted off while looking over his shoulder at me.
Moral of the story: I EXPECT such cr&p from stupid outsiders. I don't expect it from fellow crew members.
Does it make sense for younger, junior guys to leave Atlas/Southern? Absolutely yes, in this job market.
It's not so easy for us older, more senior types. After all, if we older, more senior types don't fight for better working conditions in this hiring environment, then we're just allowing the bean counters to expedite the race to the bottom.
You're welcome.
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