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Alaska Air CEO earned $1.6M in 2008

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Alaska Air CEO earned $1.6M in 2008

Old 04-13-2009, 08:03 AM
  #11  
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Originally Posted by Al Aska View Post
I do mind labor doing much more work and making much less!
I don't quite think it's fair to assume that management does less work than a more front-line agent. My father was a manager at an airline for years and routinely worked 60 hours a week because as he moved up, the jobs became more demanding. Regardless of some of the long days pilots have, I'd take this schedule over consistent 60 hour workweeks with only 8 days off a month.
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Old 04-13-2009, 10:40 AM
  #12  
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For the most part I am not so angery about the 360K salary.

My complaint is the rest. The company does not run unless everyone involved does their job. My wife, an AS FA, got a small bonus for performance (OPR). This is all uncle bill should see too. NO ONE IN ANY COMPANY IS WORTH THOSE HIGH BONUSES! If he takes his income and invests it on his own 401K style thing to invest in airline stocks fine, but everything else is crazy, including the parachutes!
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Old 04-13-2009, 01:49 PM
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Christ our CEO makes $198,000/week and its in his contract to have CAL pay his yearly income tax tab as well.
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Old 04-13-2009, 02:18 PM
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Originally Posted by vagabond View Post
...Ayer also received stock and option awards the company valued at $966,012 on the day they were granted. The exercise or base price of the option awards is $27.49, which would put those shares currently under water since the company's share price is trading substantially below that...
Am I missing something here? The stock options were granted with an average strike price of $27.49. Alaska Air stock closed today at $21.58. That makes them worth nothing, not $922k. That means his total compensation this year was the base salary plus another $322k in other compensation for about $680k, not $1.6 million. If he can get the stock price up maybe he will eventually get something out of the options grant.
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Old 04-13-2009, 02:46 PM
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Originally Posted by 757Driver View Post
Christ our CEO makes $198,000/week and its in his contract to have CAL pay his yearly income tax tab as well.
***? That is ridiculous. It's those extras that make you go huh? Who agreed to that?

It reminds me of that female exec at DL a few years ago (can't remember her name)...as part of her severance package they were going to give her family unlimited positive space in Y on DL for life...wasn't good enough and she whined until they made it F for life. When you are leaving with millions of dollars and nothing to show for it, I think you could afford some F tickets yourself.
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Old 04-13-2009, 03:00 PM
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I always enjoy reading these threads. Everyone at the bottom of the food chain thinks management does nothing for the company.

If you don't agree with it, start up your own airline and work for whatever wage you think is reasonable. I think you'll find out that it is harder than it looks.

-Fatty
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Old 04-13-2009, 03:27 PM
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It's good to be da King! This message brought to you by one of the "cake eaters".
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Old 04-13-2009, 07:35 PM
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Originally Posted by KC10 FATboy View Post
I always enjoy reading these threads. Everyone at the bottom of the food chain thinks management does nothing for the company.

If you don't agree with it, start up your own airline and work for whatever wage you think is reasonable. I think you'll find out that it is harder than it looks.

-Fatty
Where do I start with this one. Perhaps you think you reside at the bottom of the food chain, but I'm of the opinion that I don't.

CEO's need to account for their actions just like I do when something gets f'd up. My CEO received a substantial raise after we lost millions of dollars while the rest of us peons took extensive cuts. Care to explain that one to me?
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Old 04-14-2009, 07:09 AM
  #19  
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Originally Posted by 402Fanatic View Post
I don't quite think it's fair to assume that management does less work than a more front-line agent. My father was a manager at an airline for years and routinely worked 60 hours a week because as he moved up, the jobs became more demanding. Regardless of some of the long days pilots have, I'd take this schedule over consistent 60 hour workweeks with only 8 days off a month.
Sorry for the confusion.... I was not trying to compare management jobs with pilot jobs... Yes those guys work hard too!

You or I could step into just about any job at an airline and be dam good at it with very little training! Lets see anyone else step into your job with little or no training... Wait for the report on the Turkish Crash...

Depending on your age and time in service your expectations are vastly different! Some know how it use to be, and some are fine with the way it is now... Say what will.. Economic down turn... At our company the pilots are the only ones who keep taking pay cuts! Everyone else gets raises and complains that it is only 1 to 3 %!

When someone in management screws up usually nobody dies! Except here!
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Old 04-14-2009, 07:16 AM
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Originally Posted by Al Aska View Post
Sorry for the confusion.... I was not trying to compare management jobs with pilot jobs... Yes those guys work hard too!

You or I could step into just about any job at an airline and be dam good at it with very little training! Lets see anyone else step into your job with little or no training... Wait for the report on the Turkish Crash...

Depending on your age and time in service your expectations are vastly different! Some know how it use to be, and some are fine with the way it is now... Say what will.. Economic down turn... At our company the pilots are the only ones who keep taking pay cuts! Everyone else gets raises and complains that it is only 1 to 3 %!

When someone in management screws up usually nobody dies! Except here!
I am not sure I follow you here, are you saying with very little training you could be the ceo or cfo of one of these major corporations? I am not saying airline management does a great job but I find it hard to believe that as pilot you are qualified to be top management at one of these companies. You also mentioned continued pay cuts, what airline do you work for that you keep taking pay cuts?
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