Quote:
Listen, read, absorb. Ask a JetBlue pilot why our premium trigger was raised from 70 to 78 and who was behind it? Why are we so far behind in retirement?Originally Posted by Beechnut
Some of you would do well to not be so sensitive to insult from Alice. Instead,LISTEN to what he is saying. We have some major shortfalls here at JetBlue and a it is frustrating that half the pilots dont mind. New Guy Euphoria DOES WEAR OFF. Then you start to look around and see others do the same job as you for better pay and overall compensation.
Why do we pay so much more for health insurance than everyone else? Let's also address the options given to pilots upon hiring. Each pilot was issued 6000 options that were include as part of our overall compensation package. They were not fully vested and were under water upon issuance. Interesting how that is spun to make people think we were issued a benefit. Our leadership team has always had a lower salary than other airlines. But like other airlines our leadership team does award itself with grants, 15 million this year. Their overall compensation is on par with other airline executives while the pilots are no. Lest we forget what the grants do to the price and dilution of existing shares.
Until recently JetBlue appointed ALL committee members and our pay and benefits are a result of this. As opinions on this board reflect JetBlue hand picked these pilots to review and recommend changes to our pay and benefits. Because we have no say the results are obvious in the form of arbitrary changes and rigs shifting a capped operating budget. As mentioned before jetblue still apoints 1/3 of all members to committees and much like the operating budget the results a certain. In essence all the changes are cost neutral.
These little nuggets are kept out of the lime light.
The very people telling you they are happy settling for less are the very people who do not understand ERISA, insurance, B funds, LOL/STD/LTD. Before you come to JetBlue or share with pilots how great JetBlue it is you must understand what the above terms mean and how they affect you going forward.