|
9E Corporate employees outraged at Sean Menke
I'm not there, but was told today many of the corporate employees were so outraged over Sean Menke's ginormous payraise, they made hundreds of xerox copies of the news article and posted them virtually ALL over the entire corporate headquarters.
Would any who is going through recurrent please post a picture of the grafitti? |
I hope its true. The board should be ashamed of themselves.
|
You have to realize that many of these outraged employees are facing unemployment. There were large cuts in personnel that Menke orchestrated over the past couple months. These people now see many of their coworkers and friends unemployed with their jobs next... Yes they are mad.
It doesn't seem Menke is concerned with his people. At least Phildo said he was concerned with his people... Even if it was just lip service. Menke's conference to the employees was marked with "his duty to the share holders to make a profit" |
The Spokesperson says Menke is getting his (59%) raise because the CFO left and he has more responsibility.
Anyone that has to work harder because half their department got laid off should also expect a 59% raise. |
Originally Posted by Boomer
(Post 1155707)
The Spokesperson says Menke is getting his (59%) raise because the CFO left and he has more responsibility.
Anyone that has to work harder because half their department got laid off should also expect a 59% raise. |
can i get a raise when i fly with a captain that does absolutely nothing?
|
Originally Posted by flysooner9
(Post 1155734)
can i get a raise when i fly with a captain that does absolutely nothing?
|
Originally Posted by mooney
(Post 1155740)
no cause that IS our job...;)
|
I'm sure you watched Titanic. Did you ever see that Captain do anything besides sipping tea?
|
i would love to see pictures from the building for sure !
|
Originally Posted by sinsilvia666
(Post 1155747)
i would love to see pictures from the building for sure !
|
I got to work at 1pm and was told that all of the flyers had been taken down by around 8:30 this morning. I heard most of the managers and directors were walking around pulling them off the walls.
|
Originally Posted by 9ESOCCFI
(Post 1155777)
I got to work at 1pm and was told that all of the flyers had been taken down by around 8:30 this morning. I heard most of the managers and directors were walking around pulling them off the walls.
Follow Through! |
Originally Posted by Bzwebner
(Post 1155783)
Then you put them back up!
Follow Through! here here ! |
What flyers?
|
I talked with another employee that was there today. A group of employees came in during the middle of the night and taped hundreds upon hundreds of xerox copies all over the walls of this article:
Pinnacle Airlines CEO pay raise - Memphis Business Journal Embattled Pinnacle Airlines gives CEO Menke 60% pay raise Memphis Business Journal Date: Wednesday, March 21, 2012, 7:43am CDT - Last Modified: Wednesday, March 21, 2012, 9:52am CDT Pinnacle Airlines Corp has been struggling through financial stress, but two of the company's top executives are being rewarded with higher salaries. Pinnacle (Nasdaq: PNCL) CEO Sean Menke is getting a nearly 60 percent pay increase, from $425,000 to $675,000, according to documents filed with the Securities and Exchange Commission Securities and Exchange Commission Latest from The Business Journals Imation CEO Lucas and CFO Zeller took pay cuts in 2011Buckley paid million in last full year as 3M CEO Sprout Pharmaceuticals raises M Follow this company. Executive vice president John Spanjers will see his pay lifted from $275,000 to $400,000, a 45 percent increase. The executives have shouldered heavier-than-anticipated loads thanks to the company's financial restructuring. The airline has made moves to stave off bankruptcy, including refinancing debt, renegotiating contracts with partner airlines and making moves to combine its flying subsidiaries. Its stock value has plummeted, losing 370 percent of its value in the last year. Also contributing to Menke and Spanjers' expanded duties is the abrupt departure of CFO Ted Christie, who announced March 5 he was leaving the company after less than a year to become CFO of Spirit Airlines The SEC filing did point out that any annual bonuses would be calculated on the lower base salary scale. Looks like the message was heard LOUD and CLEAR to Sean Menke. |
Originally Posted by Boomer
(Post 1155707)
The Spokesperson says Menke is getting his (59%) raise because the CFO left and he has more responsibility.
Anyone that has to work harder because half their department got laid off should also expect a 59% raise. |
Originally Posted by FlyJSH
(Post 1155885)
So, if furloughs start, I'll get a raise. Right?
|
Originally Posted by Boomer
(Post 1155707)
The Spokesperson says Menke is getting his (59%) raise because the CFO left and he has more responsibility.
Anyone that has to work harder because half their department got laid off should also expect a 59% raise. BUT.... This is a company that has said it needs to cut costs and it expects the employees to sacrifice with either pay cuts or the complete loss of jobs. That's "sacrifice" to you and me. So where is the sacrifice on the part of Mr. Menke? Is he too good to sacrifice in lean times to pick up the slack with the loss of an executive or does he not consider himself an employee of Pinnacle? |
He's asking pilots to do more for less.....
Lead by example Sean! |
|
Perhaps this is all part of his grand scheme to accomplish one of his goals stated last summer to "unify the four existing company cultures into one" :rolleyes:
If there were any holdouts, I believe we are all now united in our animosity, distrust, and resentment towards the executive team... http://weknowmemes.com/wp-content/up...u-template.jpg |
Originally Posted by BoilerUP
(Post 1156064)
|
Originally Posted by ProverseYaw
(Post 1156070)
Perhaps this is all part of his grand scheme to accomplish one of his goals stated last summer to "unify the four existing company cultures into one" :rolleyes:
If there were any holdouts, I believe we are all now united in our animosity, distrust, and resentment towards the executive team... http://weknowmemes.com/wp-content/up...u-template.jpg Where is NEO when you need him? |
Originally Posted by BoilerUP
(Post 1156064)
|
Perhaps the company could use a little "brain drain" at the top.
|
The editorial is insulting...
|
Originally Posted by Fly782
(Post 1156072)
Post please
But sure... Editorial: Pinnacle makes preemptive bid Keeping talent on board: Giving hefty raises to executives of a financially strapped firm ensures that key leaders remain on board. Staff Reports Thursday, March 22, 2012 Giving raises to the top executives of a company struggling to stave off bankruptcy won't make a lot of sense to individuals who have undergone pay cuts or missed end-of-the-year bonuses because their companies didn't meet profit goals. That is what Pinnacle Airlines Corp. has done in a sour economic climate that has left people wondering if corporate boards of directors are tone deaf to the nation's still-high unemployment rate and static payrolls. Pinnacle has approved a sizable raise for Chief Executive Officer Sean Menke, raising his base pay $250,000 a year to $675,000. John Spanjers, chief operating officer and executive vice president, received a $125,000 raise, increasing his salary to $400,000. The raises come after the company previously asked its unions to take 5 percent pay cuts and said nonunion employees also would have their pay cut. Here's another way to look at the raises. Pinnacle is paying to stop a brain drain while the company is in the midst of a financial crisis. The Memphis-based airline operates feeder flights for Delta, United and U.S. Airways. In December, the company launched an effort to shed costs, boost revenues and keep its planes flying without going into Chapter 11 bankruptcy reorganization. The company explained the raises by saying the executives' workloads will increase dramatically when the company's chief financial officer Ted Christie departs March 30 to become CFO of another airline. Pinnacle's other employees also will be working hard to keep Pinnacle's financial head above water. Pinnacle's leadership team would be remiss if they don't occasionally let employees know their efforts are appreciated. A legitimate question would be: Why not base the executives' raises on their performance? If they can stabilize Pinnacle financially or, better still, make it profitable, then financial rewards make sense. That would be the ideal. In Pinnacle's situation, however, they have a proven entity in Menke, and they don't want to lose him in the middle of a restructuring. Menke helped steer Frontier Airlines through bankruptcy. The experience he brings to Memphis from Frontier is what's needed now at Pinnacle. Giving Menke and Spanjers raises now may leave a bad taste in the mouths of the public. But, in the big picture, they appear to be a small price to pay to keep two individuals on board who can save a company that's so important to Greater Memphis' economy. |
You know what the funny part is? I would have done this job, which I am qualified for, for $180,000 a year.
They didn't even put out a job req. for this position. Shame, shame..... |
Originally Posted by BoilerUP
(Post 1156163)
Unable to clicky linky?
But sure... |
I know someone that works in the Dispatch/Scheduling area of HQ. They said the xerox copies were EVERYWHERE, but were all down by lunch time.
I'm shocked there hasn't been a damn uprising there. |
Originally Posted by tennisguru
(Post 1156217)
The link requires you to sign in, hence the request for the full article post.
|
I did not have to register or log in to view the article; I literally googled "Memphis Newspaper", clicked on the very first hit, then did a search for "Menke" and that editorial popped up.
|
Try this one:
Editorial: Pinnacle makes preemptive bid » The Commercial Appeal Where is our memo from Sean about this news. He was doing a great job there for awhile, keeping us updated on our downward spiral into BK, with messages on the home page about us making sacrafices. I would love to hear how he tries to spin this one. F.U.*P.M. I read somewhere that he may have given up back end pay (options) for front end pay. That seems reasonable if we are going into BK. Options would be worthless after the BK. Smart business move on his part if that is the case. I hope it is worth p!ss!ng the entire employee group off. If he thought this would help convince us to cooperate with his plan I hate to see what he has in store for us on the day he files the pettition for BK. |
[QUOTE=BKS4;1156334]Try this one:
Editorial: Pinnacle makes preemptive bid » The Commercial Appeal Where is our memo from Sean about this news. He was doing a great job there for awhile, keeping us updated on our downward spiral into BK, with messages on the home page about us making sacrafices. I would love to hear how he tries to spin this one. F.U.*P.M. I read somewhere that he may have given up back end pay (options) for front end pay. That seems reasonable if we are going into BK. Options would be worthless after the BK. Smart business move on his part if that is the case. I hope it is worth p!ss!ng the entire employee group off. If he thought this would help convince us to cooperate with his plan I hate to see what he has in store for us on the day he files the pettition for BK.[/QUOTE] He might as well skip chapter 11 and go straight to chapter 7 and a deal with that airplane repo show on tv. |
|
What are you guys complaining about? That's just what CEO guys make. Don't complain, work hard, be thankful you have jobs and maybe someday you will be rich too. And remember to vote republican.
|
Originally Posted by Jetstream 823JS
(Post 1156452)
What are you guys complaining about? That's just what CEO guys make. Don't complain, work hard be thankful you have jobs and maybe someday you will be rich too. And remember to vote republican.
|
Originally Posted by Jetstream 823JS
(Post 1156452)
And remember to vote republican.
|
Originally Posted by BKS4
(Post 1156334)
Try this one:
Editorial: Pinnacle makes preemptive bid » The Commercial Appeal I read somewhere that he may have given up back end pay (options) for front end pay. That seems reasonable if we are going into BK. Options would be worthless after the BK. Smart business move on his part if that is the case. I hope it is worth p!ss!ng the entire employee group off. If he thought this would help convince us to cooperate with his plan I hate to see what he has in store for us on the day he files the pettition for BK. Executive Compensation in Bankruptcy - Bankruptcy Protector - Wiley Rein LLP |
| All times are GMT -8. The time now is 09:00 PM. |
Website Copyright © 2026 MH Sub I, LLC dba Internet Brands