Moak gets a fat raise. Shocker
#21
As required by 60.M.1.a.(1) of the ALPA Administrative Manual, the president's compensation (as well as the compensation of every other national officer) is published on the ALPA web site, and is shown month-by-month so you can see it in detail.
As for Captain Moak specifically, his monthly salary is $25,000. So, in other words, the LM-2 report is misleading, and by quite a bit. It overstates the president's salary by just under $100,000. That is what happens when anti-labor lawmakers get ahold of labor regulations and force unions to report misleading data to turn members against them.
As for Captain Moak specifically, his monthly salary is $25,000. So, in other words, the LM-2 report is misleading, and by quite a bit. It overstates the president's salary by just under $100,000. That is what happens when anti-labor lawmakers get ahold of labor regulations and force unions to report misleading data to turn members against them.
#22
Since you're too lazy to go look for it yourself on the ALPA web site, I've done the work for you. Here's the resolution that lays out in great details what Captain Moak gets paid, which was ratified by the entire ALPA Board of Directors unanimously at the 2010 BOD meeting:
SUBJECT
National Officer Compensation and Expense Allowance
SOURCE
Constitutional Requirement
AGENDA ITEM
AI #2
RESOLUTION OF THE BOARD OF DIRECTORS
RESOLUTION #1
PRESIDENTIAL COMPENSATION
WHEREAS the 1970 Board of Directors adopted a policy of a fixed formula for calculating Presidential compensation, which has been continued since that date with modifications and additions deemed appropriate by the Board of Directors in 1974, 1978, 1982, 1986, 1990, 1994, 1998, 2002 and 2006, and
WHEREAS certain modifications to this policy are deemed appropriate by the 2010 Board of Directors,
THEREFORE BE IT RESOLVED that the Board of Directors policy on Presidential compensation be reaffirmed with the following modifications. The allowances and allocations described herein shall take effect on January 1, 2011, in accordance with the following:
A. DIRECT COMPENSATION
1. Monthly Base Presidential Compensation based upon the highest of the following:
a. The average of the highest paying line Captain positions, based on the hourly book pay rates (1/2 day plus 1/2 night, if applicable) at the applicable average monthly maximum contract hours, of the five highest paying ALPA carriers;
b. The hourly book pay rate (1/2 day plus 1/2 night, if applicable) at the average monthly maximum contract hours the President is entitled to hold in accordance with his system seniority on his airline; or
c. The Flight Pay Loss calculated for officer compensation for the offices of First Vice President, Vice President–Administration/Secretary, or Vice President–Finance/ Treasurer.
2. Monthly Total Presidential Compensation shall equal Monthly Base Presidential Compensation as calculated in Paragraph 1 above plus a Presidential Override of 26% of Monthly Base Presidential Compensation.
3. Pursuant to Section 60.M.1.a.(1) of the ALPA Administrative Manual, the compensation and allowances of the President shall be published quarterly in an electronic format.
B. PENSION AND FRINGE BENEFITS
1. The President shall be eligible to participate and entitled to receive, in addition to Total Presidential Compensation, benefits from any pension, medical, disability or other welfare plan of benefits sponsored by ALPA or provided to ALPA bargaining unit or non-bargaining unit staff as the Vice President–Finance/ Treasurer shall determine, provided further that the Vice President–Finance/Treasurer, at his or her discretion, in coordination with the 401(k) plan, for each calendar year or portion thereof that the President has served in office, shall provide for a single premium annuity commencing at age 55 or termination of office, whichever is later, providing a benefit equal to 5% for each such year, up to a maximum of 60%, applied to the Total Presidential Compensation as computed in Paragraph A above.
2. Should the sum of retirement benefits from the air carrier and ALPA result in the President’s retirement being less than that he or she would have received at his or her own airline had he or she not served as President, the Executive Board will adjust the retirement benefit accordingly.
C. NATIONAL OFFICER SUPPLEMENTAL PER DIEM EXPENSE ALLOWANCE
Effective January 1, 2011, the President shall receive a monthly supplemental per diem expense allowance equal to the maximum allowable under Administrative Manual Section 60.D.1.c.4.
SUBJECT
National Officer Compensation and Expense Allowance
SOURCE
Constitutional Requirement
AGENDA ITEM
AI #2
RESOLUTION OF THE BOARD OF DIRECTORS
RESOLUTION #1
PRESIDENTIAL COMPENSATION
WHEREAS the 1970 Board of Directors adopted a policy of a fixed formula for calculating Presidential compensation, which has been continued since that date with modifications and additions deemed appropriate by the Board of Directors in 1974, 1978, 1982, 1986, 1990, 1994, 1998, 2002 and 2006, and
WHEREAS certain modifications to this policy are deemed appropriate by the 2010 Board of Directors,
THEREFORE BE IT RESOLVED that the Board of Directors policy on Presidential compensation be reaffirmed with the following modifications. The allowances and allocations described herein shall take effect on January 1, 2011, in accordance with the following:
A. DIRECT COMPENSATION
1. Monthly Base Presidential Compensation based upon the highest of the following:
a. The average of the highest paying line Captain positions, based on the hourly book pay rates (1/2 day plus 1/2 night, if applicable) at the applicable average monthly maximum contract hours, of the five highest paying ALPA carriers;
b. The hourly book pay rate (1/2 day plus 1/2 night, if applicable) at the average monthly maximum contract hours the President is entitled to hold in accordance with his system seniority on his airline; or
c. The Flight Pay Loss calculated for officer compensation for the offices of First Vice President, Vice President–Administration/Secretary, or Vice President–Finance/ Treasurer.
2. Monthly Total Presidential Compensation shall equal Monthly Base Presidential Compensation as calculated in Paragraph 1 above plus a Presidential Override of 26% of Monthly Base Presidential Compensation.
3. Pursuant to Section 60.M.1.a.(1) of the ALPA Administrative Manual, the compensation and allowances of the President shall be published quarterly in an electronic format.
B. PENSION AND FRINGE BENEFITS
1. The President shall be eligible to participate and entitled to receive, in addition to Total Presidential Compensation, benefits from any pension, medical, disability or other welfare plan of benefits sponsored by ALPA or provided to ALPA bargaining unit or non-bargaining unit staff as the Vice President–Finance/ Treasurer shall determine, provided further that the Vice President–Finance/Treasurer, at his or her discretion, in coordination with the 401(k) plan, for each calendar year or portion thereof that the President has served in office, shall provide for a single premium annuity commencing at age 55 or termination of office, whichever is later, providing a benefit equal to 5% for each such year, up to a maximum of 60%, applied to the Total Presidential Compensation as computed in Paragraph A above.
2. Should the sum of retirement benefits from the air carrier and ALPA result in the President’s retirement being less than that he or she would have received at his or her own airline had he or she not served as President, the Executive Board will adjust the retirement benefit accordingly.
C. NATIONAL OFFICER SUPPLEMENTAL PER DIEM EXPENSE ALLOWANCE
Effective January 1, 2011, the President shall receive a monthly supplemental per diem expense allowance equal to the maximum allowable under Administrative Manual Section 60.D.1.c.4.
Once again you show you're better at dopey insults than you are at answering uncomfortable questions. So I'll do it for you in the next post.
Carl
#24
Year 2011:
Lee Moak:
$398,846 Gross Salary
$336,273 Reimbursements for official business
$105,289 Other Reimbursements
$540,408 Total
Year 2010:
John Prater:
$328,277 Gross Salary
$170,550 Reimbursements for official business
$000,000 Other Reimbursements
$503,234 Total
Carl
#25
#26
I'm neither an accountant nor an attorney, so which specifics items, I'm not sure. I just know that the numbers include things other than actual salary. It may be housing allowance, or company car, or supplemental per diem, or some other things. Not sure which things they are required to include under base salary, and which things can go under expenses and other compensation. It's just not something that I've ever dug that deep into, because I know what he gets paid, and it isn't $400k.
If you'd like all of the details, then you can always call the Finance Department or Vice President-Finance Captain Helling, and they will be more than happy to answer your questions, I'm sure.
If you'd like all of the details, then you can always call the Finance Department or Vice President-Finance Captain Helling, and they will be more than happy to answer your questions, I'm sure.
#27
Carl
#29
Gets Weekends Off
Joined APC: Jan 2008
Position: 320A
Posts: 333
I'm neither an accountant nor an attorney, so which specifics items, I'm not sure. I just know that the numbers include things other than actual salary. It may be housing allowance, or company car, or supplemental per diem, or some other things. Not sure which things they are required to include under base salary, and which things can go under expenses and other compensation. It's just not something that I've ever dug that deep into, because I know what he gets paid, and it isn't $400k.
If you'd like all of the details, then you can always call the Finance Department or Vice President-Finance Captain Helling, and they will be more than happy to answer your questions, I'm sure.
If you'd like all of the details, then you can always call the Finance Department or Vice President-Finance Captain Helling, and they will be more than happy to answer your questions, I'm sure.
#30
You say Carl is wrong,but cannot give examples.You say you know the numbers include things other than salary,but in you following statements say it may be this or it may be that.Then you say you are not sure what is required to be included in base salary,but you know that Carl is wrong.Looks like a typical ALPA smoke screen.
Thread
Thread Starter
Forum
Replies
Last Post