Mesa CEO blames Captains, unions for low pay
#51
Gets Weekends Off
Joined APC: Jan 2009
Position: Airbus 319/320 Captain
Posts: 880
Because lumping every Pilot out there into one mind thought has done nothing to help the industry. What works for you doesn't necessarily mean it work's for somebody else. I believe the analogy of the big fish in a small pond as opposed to a the small fish in a big pond may be appropriate. Don't speak for someone else until you have walked or jumped in their shoes. It's gotten us nowhere as a whole.
#52
Gets Weekends Off
Joined APC: Feb 2009
Position: emb-145 ca
Posts: 212
Can anybody provide a source that cites Ornstein is actually a convicted felon? I'm not trolling, just looking for a legitimate source to back up that statement.
I've done a few Google searches and all I've come up with is a few puff pieces by Forbes, about his checkered past as a stockbroker, and his SEC violations and sanctions. But I can't find anything that actually says he received felony convictions.
I've done a few Google searches and all I've come up with is a few puff pieces by Forbes, about his checkered past as a stockbroker, and his SEC violations and sanctions. But I can't find anything that actually says he received felony convictions.
He was suspended for something. Some shady dealing in a customer's account according to NASD. Right around stock market crash of 1987.
http://heinonline.org/HOL/LandingPag...=182&id=&page=
And fined a whopping $10,000
Last edited by CaptainNameless; 05-15-2014 at 08:07 PM.
#56
"...the SEC in 1992 upheld a fine and multiyear suspension as a stockbroker–his prior career. The agency cited unauthorized trading, misrepresentation and frustrating investigators. Ornstein’s official disciplinary record printout back then: 21 feet long." --Forbes
He was suspended for something. Some shady dealing in a customer's account according to NASD. Right around stock market crash of 1987.
52 SEC Docket 1992 Securities Exchange Act 31559-31584 Note
And fined a whopping $10,000
He was suspended for something. Some shady dealing in a customer's account according to NASD. Right around stock market crash of 1987.
52 SEC Docket 1992 Securities Exchange Act 31559-31584 Note
And fined a whopping $10,000
#58
Gets Weekends Off
Joined APC: May 2009
Posts: 474
Thanks for the comments about my retort on the site It is SO important that pilots counter the ridiculous comments made by these regional airline CEOs and the RAA.
A few comments about what has been stated on this thread.
First of all, I think it's crazy that anyone should suggest that regional airline Captain should accept lower pay in order to help bring up the pay scales for First Officers. A regional airline Captain is responsible for a multi-million dollar piece of company capital and hundreds of millions of dollars (potentially) of liability if things go pear shaped. SO WHAT if he/she is making six figures? THAT IS WHAT THEY SHOULD BE PAID. One might argue it should be higher. A regional airline Captain shouldn't be asked to take a pay cut just because regional airline First Officers are paid crap wages. The solution is that regional airline management needs to raise First Officer Wages. Period. End of discussion. Not ask a guy/gal who has committed a decade or more of his/her life to subsidize THE COST OF DOING BUSINESS.
What these CEOs have done is bid contracts based upon paying and treating their pilots poorly. Now they're in a bind. Pilots are starting to stand up for themselves, but they want to keep that pilot labor "pie" piece of the income statement pretty much the same in order to keep profits up. That's why there's so much emphasis on pilot cost shifting- paying Captains less and using that money to pay First Officers more. If they could do that, their problems disappear in the short term, which is all they care about- the short term. They want someone else (Captains) to pay for their problem, instead of doing the right thing- paying a living wage to entry level pilots. Don't buy into that ridiculousness that someone else should pay for these CEOs to simply do the right thing and recognize market forces.
The "he-he" was really laughing at Ornstein. So out of touch it's laughable. And the problem is that little RAA coven is nothing but an echo chamber. They'll all complain how horrible the 1,500/1,250/1,000/750 hour rule is, how terrible those greedy unions are, how naughty pilots are for voting down raises, etc., etc., without even addressing the real issue.
I agree the 1,500/1,250/1,000/750 hour rule will change someday, and I think that's why regional airline CEOs are so vocal right now. They want the world to know that THEY are the victims. Greedy union pilots are shooting down pay raises. Greedy Captains are taking all the money for themselves so they can't pay their First Officers a living wage. Communities are losing air service because of the 1,500 hour rule. Woe is me, I have to shrink my company because my pilots just rejected a huge pay increase. Why can't we have 250 hr. pilots like they do in other countries, etc., etc.
They want to put pressure on the FAA and the government to change this rule, so they do all of the above, and more, to swing government and public opinion. It's up to us to get the REAL truth out there.
A few comments about what has been stated on this thread.
First of all, I think it's crazy that anyone should suggest that regional airline Captain should accept lower pay in order to help bring up the pay scales for First Officers. A regional airline Captain is responsible for a multi-million dollar piece of company capital and hundreds of millions of dollars (potentially) of liability if things go pear shaped. SO WHAT if he/she is making six figures? THAT IS WHAT THEY SHOULD BE PAID. One might argue it should be higher. A regional airline Captain shouldn't be asked to take a pay cut just because regional airline First Officers are paid crap wages. The solution is that regional airline management needs to raise First Officer Wages. Period. End of discussion. Not ask a guy/gal who has committed a decade or more of his/her life to subsidize THE COST OF DOING BUSINESS.
What these CEOs have done is bid contracts based upon paying and treating their pilots poorly. Now they're in a bind. Pilots are starting to stand up for themselves, but they want to keep that pilot labor "pie" piece of the income statement pretty much the same in order to keep profits up. That's why there's so much emphasis on pilot cost shifting- paying Captains less and using that money to pay First Officers more. If they could do that, their problems disappear in the short term, which is all they care about- the short term. They want someone else (Captains) to pay for their problem, instead of doing the right thing- paying a living wage to entry level pilots. Don't buy into that ridiculousness that someone else should pay for these CEOs to simply do the right thing and recognize market forces.
The "he-he" was really laughing at Ornstein. So out of touch it's laughable. And the problem is that little RAA coven is nothing but an echo chamber. They'll all complain how horrible the 1,500/1,250/1,000/750 hour rule is, how terrible those greedy unions are, how naughty pilots are for voting down raises, etc., etc., without even addressing the real issue.
I agree the 1,500/1,250/1,000/750 hour rule will change someday, and I think that's why regional airline CEOs are so vocal right now. They want the world to know that THEY are the victims. Greedy union pilots are shooting down pay raises. Greedy Captains are taking all the money for themselves so they can't pay their First Officers a living wage. Communities are losing air service because of the 1,500 hour rule. Woe is me, I have to shrink my company because my pilots just rejected a huge pay increase. Why can't we have 250 hr. pilots like they do in other countries, etc., etc.
They want to put pressure on the FAA and the government to change this rule, so they do all of the above, and more, to swing government and public opinion. It's up to us to get the REAL truth out there.
#59
Then call me a failure and a loser because my first choice is RAH. Why?If i make captain i instantly become a lifer. Other regionals are getting 175's. Republic already has 175's. I don't want to go through ground school 5 times and i don't want 5 type ratings. I want to endure the suck only once and then get the seniority to have a decent quality of life. These kids that are obsessed with going to a major especially before even getting to a regional are idiots. Yeah i know i am one to talk because im not in the industry yet. But in all honesty id still rather have SJS than dig ditches. But 60-100k a year fling for a living doesn't sound too bad to me! Before anybody says the whole you don't have the right goals you are whats wrong with the industry blah blah blah. Come on guys, this industry was messed up as it is. It was a bad idea to start regional airlines in the first place and didn't make sense financially. Flame away at my post but thats just how i feel and in America i am at least entitled to my opinion.
On a separate note, 60-100k sounds good on paper, but in reality it's not that much once you start having kids. I have made north of 90k the last three years and boy does it go quick!
#60
Can anybody provide a source that cites Ornstein is actually a convicted felon? I'm not trolling, just looking for a legitimate source to back up that statement.
I've done a few Google searches and all I've come up with is a few puff pieces by Forbes, about his checkered past as a stockbroker, and his SEC violations and sanctions. But I can't find anything that actually says he received felony convictions.
I've done a few Google searches and all I've come up with is a few puff pieces by Forbes, about his checkered past as a stockbroker, and his SEC violations and sanctions. But I can't find anything that actually says he received felony convictions.
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