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Originally Posted by MunkyButtr
(Post 1099826)
And the 3 mil we lost the quarter after Phil was dumped was exactly what he was paid for severance.
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PNCL CEO= $450k + bonus + stock + perks (total up to few mill) I think I can see what is getting cut before I vote yes :) MGMT- 1. If you want to save money how about stop paying to print "The Peak" and other related crap. Send it in a PDF if anyone really cares to read it. 2. Why does EWR have a Base Manager, a RCP, an inflight manager, an assistant inflight manager, a stations manager, a stations assistant, and that other guy that walks around doing nothing. This seems a bit overkill. Pilots- Don't be scared into concessions. The balance sheet is not that bad when you understand most of it are one-time costs. In another year it will look better. There are plenty of ways to save money around here before we let mgmt take the easy road and steal from the pilot group. If the court wills it, there is nothing we can do so don't let mgmt push you into thinking otherwise. |
Originally Posted by DMEarc
(Post 1099518)
Your carrier wasn't on the brink of Bankruptcy as PNCL seems to be.
The pilot group and the PNCL MEC has 2 choices. And 2 HARD CHOICES. 1. Take small concessions in work-rules, pay or contract sections in an effort to help the company reach their desired financial results. OR 2. Take their chance in bankruptcy court and have a judge throw out your contract, your 401k match, unilaterally cut pay and most likely cut flying which would lead to MASS job losses. I don't know if any of you guys look at your companies balance sheets, but it is CLEAR by indications of cashflow and expected costs that the company is in trouble. There is something deeper in the company that is not making money. There is no reason why they should be loosing $5 million per fiscal quarter. Q4 earnings results will show a bigger loss, I'm expecting. You do not want to go to bankruptcy court with a company who is loosing that amount of money/per quarter against $1B in revenues. THINK. |
Originally Posted by seahawker01
(Post 1100042)
JAL CEO= $90k and no perks
PNCL CEO= $450k + bonus + stock + perks (total up to few mill) I think I can see what is getting cut before I vote yes :) MGMT- 1. If you want to save money how about stop paying to print "The Peak" and other related crap. Send it in a PDF if anyone really cares to read it. 2. Why does EWR have a Base Manager, a RCP, an inflight manager, an assistant inflight manager, a stations manager, a stations assistant, and that other guy that walks around doing nothing. This seems a bit overkill. |
no one at all (management or judge) cares or ever will care about "saving money" or performance, bk filings are an airline management tool to erase debt and contracts ......period. nobody on the planet cares where the company wasted money or how low their employees are paid but the employees. The employees have very very little power. Lets look at the last decade of airline bk. All pilots took drastic paycuts, some tried to help first and the only diff was those pilots took two cuts.
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Originally Posted by DMEarc
(Post 1099518)
Your carrier wasn't on the brink of Bankruptcy as PNCL seems to be.
The pilot group and the PNCL MEC has 2 choices. And 2 HARD CHOICES. 1. Take small concessions in work-rules, pay or contract sections in an effort to help the company reach their desired financial results. OR 2. Take their chance in bankruptcy court and have a judge throw out your contract, your 401k match, unilaterally cut pay and most likely cut flying which would lead to MASS job losses. I don't know if any of you guys look at your companies balance sheets, but it is CLEAR by indications of cashflow and expected costs that the company is in trouble. There is something deeper in the company that is not making money. There is no reason why they should be loosing $5 million per fiscal quarter. Q4 earnings results will show a bigger loss, I'm expecting. You do not want to go to bankruptcy court with a company who is loosing that amount of money/per quarter against $1B in revenues. THINK. this is the worst advice on planet earth, this is exactly how you end up with TWO paycuts |
Originally Posted by DMEarc
(Post 1099518)
Your carrier wasn't on the brink of Bankruptcy as PNCL seems to be.
The pilot group and the PNCL MEC has 2 choices. And 2 HARD CHOICES. 1. Take small concessions in work-rules, pay or contract sections in an effort to help the company reach their desired financial results. OR 2. Take their chance in bankruptcy court and have a judge throw out your contract, your 401k match, unilaterally cut pay and most likely cut flying which would lead to MASS job losses. I don't know if any of you guys look at your companies balance sheets, but it is CLEAR by indications of cashflow and expected costs that the company is in trouble. There is something deeper in the company that is not making money. There is no reason why they should be loosing $5 million per fiscal quarter. Q4 earnings results will show a bigger loss, I'm expecting. You do not want to go to bankruptcy court with a company who is loosing that amount of money/per quarter against $1B in revenues. THINK. |
Executive compensation, severance and other "perks" doled out to executives are not off the table as our CEO contends. He was correct in his assertion that all employee groups should bear the burden of getting this ship on course. However, it was a gross underestimation of our pilots resolve to think it is acceptable to have the contracts of PT, DS and others as untouchable. It is the point employees of this company that have made our performance numbers above goal recently, NOT our corporate officers. NO CONCESSIONS!
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Originally Posted by seahawker01
(Post 1100042)
JAL CEO= $90k and no perks
PNCL CEO= $450k + bonus + stock + perks (total up to few mill) I think I can see what is getting cut before I vote yes :) MGMT- 1. If you want to save money how about stop paying to print "The Peak" and other related crap. Send it in a PDF if anyone really cares to read it. 2. Why does EWR have a Base Manager, a RCP, an inflight manager, an assistant inflight manager, a stations manager, a stations assistant, and that other guy that walks around doing nothing. This seems a bit overkill. Pilots- Don't be scared into concessions. The balance sheet is not that bad when you understand most of it are one-time costs. In another year it will look better. There are plenty of ways to save money around here before we let mgmt take the easy road and steal from the pilot group. If the court wills it, there is nothing we can do so don't let mgmt push you into thinking otherwise. |
Y'all got my support, don't give them a single cent. No concessions, not now, not ever.
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