PCL Ceo gave himself a raise....

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03-20-2012 | 02:59 PM

#11

Fly782

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From: AN124 FE

Quote:

Originally Posted by lolwut

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

03-20-2012 | 03:01 PM

#12

block30

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From: In favor of good things, not in favor of bad things

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

03-20-2012 | 03:13 PM

#13

DryMotorBoatin

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From: Seat 0B

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

03-20-2012 | 03:35 PM

#14

MunkyButtr

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

03-20-2012 | 03:39 PM

#15

Boomer

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From: blueJet

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.

03-20-2012 | 03:49 PM

#16

CloudPilot57

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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

Last edited by CloudPilot57; 03-20-2012 at 04:07 PM.

03-20-2012 | 04:04 PM

#17

debut1

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From: CRJ Right Side

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.

03-20-2012 | 04:16 PM

#18

seafeye

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From: Hot tub for now

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

03-20-2012 | 04:23 PM

#19

Boomer

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From: blueJet

Quote:

Originally Posted by CloudPilot57

Troubled Pinnacle Airlines gives top two executives big pay hikes » The Commercial Appeal

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.