PCL Ceo gave himself a raise....

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03-20-2012, 02:59 PM

#11

Fly782

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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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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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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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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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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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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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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.