Doug Parker grilled at investor meeting
#31
Henry Ford started his product line. Its a very different mentality to be the owner of a company as opposed to being a CEO of a publicly traded company.
Share holders expectations and return is now a big factor in a CEOs job. Especially when the majority of the CEO's compensation doesn't come from salaries as much as stock options.
Does a CEO care if his employes can purchase the product? Not really. If the market thinks that increased revenue from lowering labor expense increases stock value.... Thats what they will do.
Share holders expectations and return is now a big factor in a CEOs job. Especially when the majority of the CEO's compensation doesn't come from salaries as much as stock options.
Does a CEO care if his employes can purchase the product? Not really. If the market thinks that increased revenue from lowering labor expense increases stock value.... Thats what they will do.
#32
Henry Ford didn't pay his workers the unprecedented sum of $5 to be nice or charitable. He did it because he knew that with that money his workers would then be able to buy is products, making his products that much more successful and profitable. American corporations have lost that lesson. Nobody thinks about "gee I've squeezed every penny out of my workers' wages, how come nobody wants my products anymore?"
#33
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Henry Ford didn't pay his workers the unprecedented sum of $5 to be nice or charitable. He did it because he knew that with that money his workers would then be able to buy is products, making his products that much more successful and profitable. American corporations have lost that lesson. Nobody thinks about "gee I've squeezed every penny out of my workers' wages, how come nobody wants my products anymore?"
It's hilarious to compare the two to begin with; we non-rev, we don't buy tickets (in general, of course there are a few that do).
#34
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Brave of him to speak up and plant the seed during that meeting, but Ray Rogers appears to be a labor activist. I think Parker's brief statements were less a result of being caught off guard than him simply wanting to appease a disruptive attendee and move on with the meeting. I'm more embarrassed by Rogers than proud of him. Crashing a shareholder meeting isn't a particularly noble way to get your message across.
#35
I fly quite a bit, so I had to take a commuter airline. This was some years ago. I flew into Missouri and I had to get over to Illinois because I'm a commuter. And I was sitting right up front, and at that time, you had the curtain up front, and I noticed, and this is no lie now, that the pilots up there were nodding off, to my chagrin. And I said, well, I better speak up, which I did.
And I found out at that time from those pilots that they were making, I think it was between 14 and 16 thousand dollars a year. ]
And I found out at that time from those pilots that they were making, I think it was between 14 and 16 thousand dollars a year. ]
What did Eagle fly that had no cockpit door? Sounds like he was on a Great Lakes flight out of STL or a TSA jetstream when they did the EAS stuff.
#36
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We had a new record trade deficit just announced, $47 billion for April, higher wages in the US would just push more stuff overseas. This is not the same world as it was 100 years ago, where everything was made here.
It's hilarious to compare the two to begin with; we non-rev, we don't buy tickets (in general, of course there are a few that do).
It's hilarious to compare the two to begin with; we non-rev, we don't buy tickets (in general, of course there are a few that do).
If however, pilots and employees were paid more, those increased salaries would yield higher tax revenue(as the 1%ers pay a lot lower percent in taxes than the worker-yes, ten million dollars in the pockets of the worker pay more taxes than if they remain in the pockets of the rich). That increased revenue to the fed government would surely be beneficial in paying down our deficit.
#37
These managers have benefited ENORMOUSLY from quantitative easing--that is the govt. buying stocks. They don't have to do anything and the share price rises due to inflation of the stock market. it is up 190% since the crash. These guys have become greedy and lazy. The new breed of CEO has nothing invested in the company they run, they just raid the coffers, then move on.
Now that the Fed is announcing they are going to taper off their cash injections, the whole market is floundering. Only the fact that Europe and Japan have said they are continuing their own QE is keeping the US stock market from declining or crashing.
Now that the Fed is announcing they are going to taper off their cash injections, the whole market is floundering. Only the fact that Europe and Japan have said they are continuing their own QE is keeping the US stock market from declining or crashing.
#38
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Joined: Jul 2008
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From: Left
Somehow they seem to feel okay with their decision to further erode the industry for selfish gain. Maybe it is that they have underlying guilt they are trying to hide? In the end, Their conscience is no more clear than Dougbag - perhaps worse so because they turned on their own. Everyone knows the truth, whether they want to own it or not. Karma will visit them eventually.
I never once justified PSA voting yes and most of the PSA posters on this board are the same.
As a matter of fact I was a very vocal no voter. Check my post history.
All I do is respond with facts when people on here post incorrect information. "I heard from a FA that dates a PSA guy" is not a reliable source of information. My posts are unbiased. If you say something that is true I acknowledge it.
People are always using the term "PSA style contract with terrible work rules, pay, and QoL." This is simply not the case. Believe what you want I honestly do not care. The pay caps are one thing and cannot be defended. The rest of our contract is just fine and I will have no problem being here while waiting for my shot at AAG with 18+ days off a month. 21 off for June.
That being said I have applied elsewhere and would leave if a "next level" job called me.
It's a regional. It's going to suck. Some parts suck way less than other regionals(SAP, soft pay), some suck more(pay caps).
You two don't know everything and that is very evident by what you post. I've had enough of it and will continue to be happy while you are both miserable.
#39
Line Holder
Joined: Apr 2009
Posts: 26
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#40
How great would it be in ALPA as a collective whole went after every mainline carrier and negotiated in this manner for all of its regionals. No excuse for contracts to be offered like that in todays climate.
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Flyboy8784
Piedmont Airlines
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05-19-2008 03:28 PM



