CEO Pay During Tough Times
01-09-2010, 05:53 PM
#3
Gets Weekends Off
Joined APC: Jan 2009
Position: 737 Left
Posts: 1,825
CEO pay
Right now our CEO (also a pilot) makes 0. That wasn't how he intended it, but it is what happened as we try to weather this storm. I think every CEO needs to evaluate company pay, including his own, as objectively as possible and make decisions that are good for the company. In most cases, however, I don't think Pilots should know what the CEO makes. That's just not generally good for business.
01-09-2010, 06:30 PM
#4
Gets Weekends Off
Joined APC: Apr 2007
Position: Looking to the left
Posts: 175
If the company is a publically traded company (ie stock can be purchased), executive pay and compensation can be noted in documents released to investors and the public each year. This is a required portion of the documents.
Why is it a bad idea for pilots to know what pay the top tier is making?
Why is it a bad idea for pilots to know what pay the top tier is making?
01-10-2010, 03:57 AM
#5
The NeverEnding Story
Joined APC: Sep 2005
Posts: 7,512
Our CEO founded and owns our small private company.
I have no idea what he makes (and wouldn't ask because its rude and none of my damn business) but figure he garners most of his wealth from the company that he puts 80hr+/week into, and I have no heartburn whatsoever with whatever he makes.
To answer the OP, no I don't think the CEO should take paycuts "to save a few pilot jobs" - they should do it to 1. save ANY jobs and/or 2. save the company.
I have no idea what he makes (and wouldn't ask because its rude and none of my damn business) but figure he garners most of his wealth from the company that he puts 80hr+/week into, and I have no heartburn whatsoever with whatever he makes.
To answer the OP, no I don't think the CEO should take paycuts "to save a few pilot jobs" - they should do it to 1. save ANY jobs and/or 2. save the company.
01-23-2010, 03:58 AM
#8
Gets Weekends Off
Joined APC: Mar 2009
Posts: 230
Originally Posted by brownie
Our ceo gave himself a 700% raise for next 3 yrs while asking everyone to take a pay cut. Fun to be brown.
Last edited by Fritzthepilot; 01-23-2010 at 04:11 AM.
01-23-2010, 01:50 PM
#10
Line Holder
Joined APC: Feb 2009
Position: Delta
Posts: 94
Is it a public company? If so, you should know what his/her compensation is.
In regards to pay cuts, a lot of factors, ranging from out of company control to how money gets spent internally, come in to play.
Either way, most of the time when a CEO takes a large pay cut, it's more symbolic than anything else. Rally the troops, keep the morale up etc...
In regards to pay cuts, a lot of factors, ranging from out of company control to how money gets spent internally, come in to play.
Either way, most of the time when a CEO takes a large pay cut, it's more symbolic than anything else. Rally the troops, keep the morale up etc...
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