No Alpa (skywest)
#141
Line Holder
Joined: Jun 2006
Posts: 40
Likes: 0
Good point. The sad truth is, it will be more of the same. SkyWest simply riding the coat tails of the organized pilot groups that negotiate/fight for better pay work rules, like pre 9/11.
Or, since they have no organization, they can continue the low standard that management will use on the unionized groups to say what they should be getting paid, just like in the UAL Ch. 11 bankruptcy. You know, when they said it was OK to agree to an 18 month pay freeze as well as operate 70/90 seats for 50 seat rates. They didn't so anybody any favors on that one. Especially the pilot groups at AWAC/ACA.
Or, since they have no organization, they can continue the low standard that management will use on the unionized groups to say what they should be getting paid, just like in the UAL Ch. 11 bankruptcy. You know, when they said it was OK to agree to an 18 month pay freeze as well as operate 70/90 seats for 50 seat rates. They didn't so anybody any favors on that one. Especially the pilot groups at AWAC/ACA.
#143
#144
you sure have a simplistic, unrealistic, and incorrect idea about how corporate finance and (separately) the investment markets work. in addition, you know nothing about the trans states contract. yet you apparently feel qualified to spout opinions on all of these things. i'd be embarrassed if i were you. it's not that hard to read a book, take a class, ask some people who actually know some of these things.
I have to disagree with you about with my knowledge of corporate finance and investment markets, I have taken the class's, and read many books, got the degree.
Yes management is required to give a share holder a return on their investment. Stock buybacks are not a required or even highly common in corporations. They are largely used when management deems the stock undervalued and would like to reduce the supply of shares on the market. This reduction of shares reduces the supply, increasing the price. This can be very lucrative if you own a substantial amount of options or shares of the stock. Hence management is doing their job, to give the share holder a roi. Close to 230,000,000.00 million dollars has been authorized this year alone for stock buybacks. Personally I find this a bit short sited, with skywest's high turnover >50%. With skywest still struggling to fill classes and rampant turnover, I believe that money could in part be better invested in the long term infrastructure of skywest.
I am not sure how you belive that me posting stock buybacks on an internet forum shows a simplistic view of corporate finance, please explain.
#145
by the way this is the difference between mainline and skw.
mainline executives screw their pilots, and the pilots are MAD and are doing something about it and WILL get good contracts.
skywest executives screw their pilots, yet their pilots seem to be in love with them. whats wrong with that picture?
mainline executives screw their pilots, and the pilots are MAD and are doing something about it and WILL get good contracts.
skywest executives screw their pilots, yet their pilots seem to be in love with them. whats wrong with that picture?
#146
by the way this is the difference between mainline and skw.
mainline executives screw their pilots, and the pilots are MAD and are doing something about it and WILL get good contracts.
skywest executives screw their pilots, yet their pilots seem to be in love with them. whats wrong with that picture?
mainline executives screw their pilots, and the pilots are MAD and are doing something about it and WILL get good contracts.
skywest executives screw their pilots, yet their pilots seem to be in love with them. whats wrong with that picture?
#147
fbh
#148
Ghilis, I agree. It’s pretty frustrating to watch. I really believe that most are apathetic, and have no clue how our industry works, or how politics are involved, and the role of management and labor. Guess it’s our job to try to educate them. Hell, even the truck drivers get it....
fbh
#149
Moderator
Joined: Oct 2006
Posts: 13,088
Likes: 0
From: B757/767
Just further proves how unprofessional of an athlete he really is.
#150
If you havent taken organizational theory and various management courses, you wouldnt believe some of the stuff that they teach managers. Everything is tactics and techniques on how to get your employees to do what you want, and in the meantime keep them from organizing. All of my management books told me that unions are bad, bad, bad. Now why do you think they are teaching MBA's that unions are bad? Because it takes some of that balance of power and skews in the direction of labor.
so if youre going to be anti-union, realize that youre doing their job for them for free. unless you get hired on as management, you really shouldnt side with them but you can still have a positive relationship. not asking you to burn the house down. just realize where your loyalties should lie
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