Profit Sharing Violation
06-22-2013 | 07:33 AM
#41
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It's a valid point. My point is that the company's perception was that LCAL pilots not having profit sharing could be problematic (whether it would have been or not) and this provided a rare point of leverage in the process. This leverage was mishandled in my opinion. I would have rather had the better pay and rules last summer.
06-22-2013 | 01:38 PM
#42
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From: Left - Dodge Caravan
It's a valid point. My point is that the company's perception was that LCAL pilots not having profit sharing could be problematic (whether it would have been or not) and this provided a rare point of leverage in the process. This leverage was mishandled in my opinion. I would have rather had the better pay and rules last summer.
I completely agree. It was a pivotal point, and management knew it.
They played it well with JPos, and we all collectively missed a chance at gaining much needed JCBA leverage.
Sadly JPos has set us back years in our collective efforts to unify this pilot group. I hope we can all move past this chapter quickly, and JPos returns to the line, where he can reap what he has sown.
SP
06-22-2013 | 02:17 PM
#43
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Most Americans have 'checked out,' Gallup says
Seven out of 10 workers have “checked out” at work or are “actively disengaged,” according to a recent Gallup survey.
In its ongoing survey of the American workplace, Gallup found that only 30 percent of workers are “were engaged, or involved in, enthusiastic about, and committed to their workplace.” Although that equals the high in engagement since Gallup began studying the issue in 2000, it is overshadowed by the number of workers who aren’t committed to performing at a high level — which Gallup says costs companies money.
The poll, released last week, examined worker engagement beginning in 2010 and ending in 2012. The previous poll period covered 2008 through 2010.
The survey classifies three types of employees among the 100 million people in America who hold full-time jobs. The first is actively engaged, which represents about 30 million workers. The second type of worker is “not engaged,” which accounts for 50 million. These employees are going through the motions at work.
The third type, labeled “actively disengaged,” hates going to work. These workers — about 20 million — undermine their companies with their attitude.
06-22-2013 | 03:08 PM
#44
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Joined: May 2009
Posts: 3,076
Likes: 3
From: The GF of FUPM
"Your morale, is not my problem!"
Spoken by none other then Glenn Fletcher Tilton during his tenure as helmsman at UAL. So, off to work I reluctantly go, VERY actively disengaged.
Lets look at what Fletch took home in 2010 alone, from Forbes:
_________________________________
The World's Billionaires
Forbes 400 Richest Americans
Glenn Tilton
At a Glance
Age: 64
Mr. Tilton is Chairman of the Board of Directors of United Continental Holdings, Inc. and immediate past chairman, president, and chief executive officer of UAL Corporation, the parent company of United Airlines where Mr. Tilton served as chairman and chief executive officer. He previously spent more than 30 years with Texaco, Inc. progressing through leadership roles in marketing, corporate planning....
United Continental Holdings Inc
Compensation for 2010
Salary $822,999
Bonus $2,734,375
Restricted stock awards $10,450,585
All other compensation $1,756,268
Option awards $0
Non-equity incentive plan compensation $1,079,799
Change in pension value and nonqualified deferred compensation earnings $0
Total Compensation $16,844,026
(Yes, you read that right...$16,844,026 for one years work.)
Director Compensation for 2011
Fees earned or paid in cash $702,500
Stock awards $230,000
All other compensation $109,110
Total Compensation $1,041,610
Options Exercised for 2010
Number of securities underlying options exercisable 164,400
Shares acquired on exercise 133,333
Stock Ownership for 2013
Number of shares owned 89,689
(Dude had a lousy year!!!)
Spoken by none other then Glenn Fletcher Tilton during his tenure as helmsman at UAL. So, off to work I reluctantly go, VERY actively disengaged.
Lets look at what Fletch took home in 2010 alone, from Forbes:
_________________________________
The World's Billionaires
Forbes 400 Richest Americans
Glenn Tilton
At a Glance
Age: 64
Mr. Tilton is Chairman of the Board of Directors of United Continental Holdings, Inc. and immediate past chairman, president, and chief executive officer of UAL Corporation, the parent company of United Airlines where Mr. Tilton served as chairman and chief executive officer. He previously spent more than 30 years with Texaco, Inc. progressing through leadership roles in marketing, corporate planning....
United Continental Holdings Inc
Compensation for 2010
Salary $822,999
Bonus $2,734,375
Restricted stock awards $10,450,585
All other compensation $1,756,268
Option awards $0
Non-equity incentive plan compensation $1,079,799
Change in pension value and nonqualified deferred compensation earnings $0
Total Compensation $16,844,026
(Yes, you read that right...$16,844,026 for one years work.)
Director Compensation for 2011
Fees earned or paid in cash $702,500
Stock awards $230,000
All other compensation $109,110
Total Compensation $1,041,610
Options Exercised for 2010
Number of securities underlying options exercisable 164,400
Shares acquired on exercise 133,333
Stock Ownership for 2013
Number of shares owned 89,689
(Dude had a lousy year!!!)
06-22-2013 | 06:35 PM
#45
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There are a lot of pilots who agree with you. And that was precisely the point. It should have played out as you describe. It may have greatly accelerated the JCBA process. Profit sharing broke the fever, so to speak, for LCAL pilots and then they claimed an agreement months before it was done. Got them through the summer. And here we are still languishing through another summer under C'02 pending implementation of "joint CMS" and "Joint Implemenation Team."
It's not that unusual.
Most Americans have 'checked out,' Gallup says
Seven out of 10 workers have “checked out” at work or are “actively disengaged,” according to a recent Gallup survey.
In its ongoing survey of the American workplace, Gallup found that only 30 percent of workers are “were engaged, or involved in, enthusiastic about, and committed to their workplace.” Although that equals the high in engagement since Gallup began studying the issue in 2000, it is overshadowed by the number of workers who aren’t committed to performing at a high level — which Gallup says costs companies money.
The poll, released last week, examined worker engagement beginning in 2010 and ending in 2012. The previous poll period covered 2008 through 2010.
The survey classifies three types of employees among the 100 million people in America who hold full-time jobs. The first is actively engaged, which represents about 30 million workers. The second type of worker is “not engaged,” which accounts for 50 million. These employees are going through the motions at work.
The third type, labeled “actively disengaged,” hates going to work. These workers — about 20 million — undermine their companies with their attitude.
Most Americans have 'checked out,' Gallup says
Seven out of 10 workers have “checked out” at work or are “actively disengaged,” according to a recent Gallup survey.
In its ongoing survey of the American workplace, Gallup found that only 30 percent of workers are “were engaged, or involved in, enthusiastic about, and committed to their workplace.” Although that equals the high in engagement since Gallup began studying the issue in 2000, it is overshadowed by the number of workers who aren’t committed to performing at a high level — which Gallup says costs companies money.
The poll, released last week, examined worker engagement beginning in 2010 and ending in 2012. The previous poll period covered 2008 through 2010.
The survey classifies three types of employees among the 100 million people in America who hold full-time jobs. The first is actively engaged, which represents about 30 million workers. The second type of worker is “not engaged,” which accounts for 50 million. These employees are going through the motions at work.
The third type, labeled “actively disengaged,” hates going to work. These workers — about 20 million — undermine their companies with their attitude.
Profit sharing of $40 million will hopefully cost a lot more in the end. The scorched earth left in it's wake depicts a scene of money well spent.
06-23-2013 | 03:11 AM
#46
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Joined: Mar 2013
Posts: 536
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APC225,
I completely agree. It was a pivotal point, and management knew it.
They played it well with JPos, and we all collectively missed a chance at gaining much needed JCBA leverage.
Sadly JPos has set us back years in our collective efforts to unify this pilot group. I hope we can all move past this chapter quickly, and JPos returns to the line, where he can reap what he has sown.
SP
I completely agree. It was a pivotal point, and management knew it.
They played it well with JPos, and we all collectively missed a chance at gaining much needed JCBA leverage.
Sadly JPos has set us back years in our collective efforts to unify this pilot group. I hope we can all move past this chapter quickly, and JPos returns to the line, where he can reap what he has sown.
SP
06-23-2013 | 05:43 AM
#47
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Joined: Feb 2011
Posts: 3,866
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To go from agreeing with Moombabeach, to loss of enthusiasm, to checking out, to not engaged is one heck of a back peddle. Believe what you want. I guarantee you that if Feb 14th rolls around and flights had cancelled, someone would be in front of the judge before you could say railway labor act. That, is the modus operandi of employee relations.
Profit sharing of $40 million will hopefully cost a lot more in the end. The scorched earth left in it's wake depicts a scene of money well spent.
Profit sharing of $40 million will hopefully cost a lot more in the end. The scorched earth left in it's wake depicts a scene of money well spent.
06-23-2013 | 09:49 AM
#48
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Joined: Feb 2011
Posts: 1,629
Likes: 0
From: 756 Left Side
Motch
PS> On record for not liking the way we (CAL) got ProShar.. and gave mine away to a Charity~
PPS> Hopefully after we have a list, we can clean haus and rebuild our "union"..
06-23-2013 | 12:06 PM
#49
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Joined: Jan 2012
Posts: 203
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I'm not giving it back
Get it from Tilton !
Get it from Tilton !
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