PCL Ceo gave himself a raise....

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03-20-2012 | 06:18 PM

#41

FlyingKat

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From: Taco Rocket Operator

Quote:

Originally Posted by Fly782

And the F9 guys liked what about him again?

During their bankruptcy he was known as being pro employee and being fair with all the employee groups. We'll see how all this plays out, but it's not looking good if they file BK and seek employee paycuts after this.

03-20-2012 | 06:29 PM

#42

seafeye

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From: Hot tub for now

Are the BOD really that stupid that they believe they can get labor concessions after they elect to give a HUGE raise to a CEO?
Or are they trying to force the company into BK?

03-20-2012 | 07:05 PM

#43

FlyingKat

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From: Taco Rocket Operator

Quote:

Originally Posted by seafeye

Are the BOD really that stupid that they believe they can get labor concessions after they elect to give a HUGE raise to a CEO?
Or are they trying to force the company into BK?

The only reason I can see for this if we are headed to Bankruptcy would be their concern that Menke and Spanjers could bail just like Christie. If that is the case, then we are in for real trouble.

Hopefully this was because they have figured a way out of this outside of BK and some good announcements are coming. If that is not the case we are in for a very, very difficult road over the next few months. The lack of a bankruptcy filing so far could be an argument that we are working things out, but we still have two Fridays (most companies file BK on a Friday after the markets close at 4) to get through until April 2. If we get to April 2 with no BK filing then we may be out of the woods. We'll see what happens over the next week and a half, but I'll admit that things don't look very promising right now.

Last edited by FlyingKat; 03-20-2012 at 07:59 PM.

03-20-2012 | 07:27 PM

#44

Boomer

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From: blueJet

Quote:

Originally Posted by Al Czervik

Do you work here boomer?

If by "here" you mean Pinnacle/Mesaba/Colgan, no. I'm an OH 9yr FO.

03-20-2012 | 07:40 PM

#45

sinsilvia666

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i also agree its b.s. that everyone is asked for paycuts, and or is payed wrongly or not at all...yet these guys take pay advances (on-time) and expect flights to go on time.

me thinks maybe some extra items should be written up, flights delayed, or just a good general overall sick out would be just what the doctor ordered.

03-21-2012 | 12:17 AM

#46

vtx531

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Not to mention how much money they spent on hiring the consultants to coach these guys on how to scam us (the unions). I am completely shocked by this but then again it confirms what I thought all along.

03-21-2012 | 03:10 AM

#47

Luv2Rotate

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Here's a precondition, kiss my @$$

03-21-2012 | 03:52 AM

#48

block30

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

Anyone heard the rumor we recently had some investors buying large percentages of Pcl?

03-21-2012 | 04:07 AM

#49

Fly782

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From: AN124 FE

Quote:

Originally Posted by block30

Anyone heard the rumor we recently had some investors buying large percentages of Pcl?

I actually have heard that through my DALPA source. Of course no one would believe it including me but yes I have been told that...But of course there is also that Wayne King dude.