Didn't they also get some equity? Or, is that included in your figure?

 

Kind of. I just know my friend who was hired there the same year I was hired at CAL has his house paid off, no kids' college debt, and takes his wife on a two week trip to Europe every summer. His second year he got $25k for something, I forget what, maybe profit sharing, when I got $1800. Then to exit BK he got $ about equal to his annual salary dumped into his 401k by the company spread over three years. Then to motivate the completion of the pilot merger $600m was put into escrow by the company (all borrowed) and was given to them once SLI/contract were wrapped up, average $50k each, which is big reason it happened so quickly I guess. All I know is he's flush and it isn't because of investments. Before they nixed the A plan they let them know it was about to happen so everyone over 55 bailed with their millions and that didn't hurt seniority either. Under those circumstances I wouldn't mind wearing their double-breasted smoking jacket.

 

Sour grapes? Yup, I guess so. I'll bet their schedulers answer the phone and they aren't asked to pay for own hotels, either.

 

And a hat, too.

 

"...and takes his wife on a two week trip to Europe every summer."

For every one of these I know four others who are on either second or third wife, basically BK'd and gave their pension/401K to their first wife(s).

The moral of the story isn't which airline a pilot worked for but how they managed what they had and that includes marital relations.

Ok it would have been nice to have had all their cash and PS. I'll give you that!

 

Ding ding ding, we have a winner.

 

Ding ding ding. No, we don't. For sure managing what he has is part of the equation but the other part is the type of contract he helped garner for himself and his family. Sorry, but we're definitely not there yet.

 

13n144e

"but the other part is the type of contract he helped garner"

Let's see now... isn't this part of managing what you have?

No I think you like to argue minutia and remain bitter. "Ding ding ding"

 

A crappy contract is not "minutia". It's not minutiae either...

 

13n144e

Guam guy,

"A crappy contract is not "minutia". It's not minutiae either... "

You prove my point exactly.

minutia
1751, pl. minutić, from L. minutia "smallness" (pl. minutić, in L.L. "trifles"), from minutus "small" (see minute (adj.)).
Online Etymology Dictionary, © 2010 Douglas Harper