CEO's and Bonuses
 

(CBS) The traditional pension is quickly becoming an endangered species. But today, a government report found some executives have gotten huge retirement packages, even as their companies were dumping employee pension plans onto taxpayers as CBS News correspondent Sharyl Attkisson reports.

At the very same time pensions were drying up for 122,000 United Airlines workers, its top executives were cutting deals to make their own golden years comfortable and secure.

CEO Glenn Tilton, CFO Frederic Brace and COO Peter McDonald together got $7.6 million worth of retirement benefits in four years - from 2002 to 2006 - and earned a combined $55.5 million compensation, with perks like a car and driver and country club memberships.

DISGUSTING

I keep telling myself that I went into the wrong end of the biz.
I need to get one of those jobs were you can screw up and loose millions on millions of dollars and still get a bonus.
Glen Tilton, short term thinking at its finest only second to Gangwal

Sadly, they've managed to turn the M into a B and lose billions and billions..., and get rewarded with tens of millions for their poor performance!!!

need to bring back the days of angry mobs

I personally think these poor CEOs are grossly underpaid. I mean, do you have any idea what a lifetime country-club membership runs these days? And please don't even get me started on the upkeep of the yacht and second beachfront mansion. That is some serious overhead. Maybe we should all chip in so they can at least keep their wives Bloomingdales charge accounts in good standing.:(

NOTE: EXTREME SARCASM!!

To add to it. Alaska CEO: just shy of $4.3 million with 198 furlougheed between AS/QX. Also they just cut 14 marketing jobs and are trying to push a "lean" workforce. AKA: doing the most with the least.

Or the price to have 24 hour security to protect you from old employees you shafted and stolen their retirements from.

Your forgetting you need to "sell your sole to the devil" and if your willing to do that,then you are qualified for the position.

What do you think this place is? All we need is digital pitchforks and torches.

I am not surprised my boss is doing the same thing as we speak

Heck, so long as he can turn a profit, that's what the shareholders are actually paying him to do. That's plenty sad in itself, but getting big bonuses while losing a company ridiculous sums of money means you aren't even serving the shareholders, just your own bank account.

The devil needs shoes?

In the AS example:

If you're taking upwards of $4 million in compensation, then you and your expertise as a manager had better add $4 million plus of value to the company. Define that however you want to. All I see is a carrier that:

a)instituted the same fees and jumped on the bandwagon of surcharges with the competition (i.e. checked bags)

b)demands labor concessions/furloughs, even as the company is profitable

If this brilliant and innovative (sarcasm) strategy is worth $4 million to you, then fine, it's justified.

What? No pitchforks?

Where's Hoffa when you need him?

Plutonomy What Does It Mean?
What Does Plutonomy Mean?
Economic growth that is powered and consumed by the wealthiest upper class of society. Plutonomy refers to a society where the majority of the wealth is controlled by an ever-shrinking minority; as such, the economic growth of that society becomes dependent on the fortunes of that same wealthy minority.
Investopedia Says
Investopedia explains Plutonomy
This buzz word was initially coined by analysts at Citigroup in 2005 to describe the incredible growth of the U.S. economy during that period despite increasing interest rates, commodity prices and an inflated national debt. Citigroup analysts argued that as such an economy continues to grow in the face of contradictory elements, the more important the society's ultra rich become to maintaining such growth. The analysts also believed that in addition to the U.S., Canada, Great Britain and China are also becoming plutonomies.

http://www.investopedia.com/terms/p/plutonomy.asp