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-   -   PCL Ceo gave himself a raise.... (https://www.airlinepilotforums.com/regional/66184-pcl-ceo-gave-himself-raise.html)

Fly782 03-20-2012 02:59 PM


Originally Posted by lolwut (Post 1155112)
Maybe its going down like this...

His pay is going to be cut. Either by the board, in bankruptcy, or as a show of good faith to get employee pay cuts. So before that cut happens, why not raise it?

Start at $425k/yr. Raise pay to $675k/yr. In the future, take a pay "cut" to $500k/yr. Then he can go around saying "Even I'm doing it! I just took an almost $200k/yr paycut, now its your turn!"... while still making more money than he started off with.

Exactly my thoughts, sneaky sneaky

block30 03-20-2012 03:01 PM

Are you effing kidding me?!!. The old negotiations on the Qs and Pinnacle 900s had damn well better be bearing fruit!!

DryMotorBoatin 03-20-2012 03:13 PM

What possible explanation could he give that would justify taking this raise at a time of financial difficulty? Don Carty would be proud

MunkyButtr 03-20-2012 03:35 PM

Looks like he gave up long term incentives. Not sure thats a good sign.

Boomer 03-20-2012 03:39 PM

That's only a 59% raise. Lots of airline pilots get a 59% raise when they get off year one pay. For example, from $21/hr to $33/hr. So it's like that.

;)

CloudPilot57 03-20-2012 03:49 PM

wow...is it April 1st already? Is this a joke?

Apparently they are taking on more work since the CFO left..
http://www.commercialappeal.com/news...D=happeningnow

debut1 03-20-2012 04:04 PM

And I still haven't been paid from last week. Not a single penny. Maybe Menke would enjoy the shell game I am getting from the payroll department.....screw this place it's a joke.

seafeye 03-20-2012 04:16 PM

Well the cost of living is going up. And gas is now $4/gallon. How do u expect management to survive?

Boomer 03-20-2012 04:23 PM

My favorite quote after the article:

“The challenges facing Pinnacle today are more complex than when Mr. Menke joined the company a year ago,” a Pinnacle statement said.

In other words, we are worse off today than we were when Mr. Menke took over, so he needs a raise.

Fly782 03-20-2012 04:26 PM


Originally Posted by CloudPilot57 (Post 1155143)
wow...is it April 1st already? Is this a joke?

Apparently they are taking on more work since the CFO left..
Troubled Pinnacle Airlines gives top two executives big pay hikes » The Commercial Appeal

Cant see it, post please


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