CO To Cut New CEO Salary 25% — Civil Aviation Forum

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CO To Cut New CEO Salary 25%

Aa777jr From , joined Dec 1969, posts, RR:
Posted (8 years 5 months 1 day 15 hours ago) and read 2142 times:

I saw this on Yahoo, but didn't get much more information, can anyone comment?

AA777jr

16 replies: All unread, jump to last

Ramerinianair From United States of America, joined Nov 2003, 1486 posts, RR: 0
Reply 1, posted (8 years 5 months 1 day 15 hours ago) and read 2129 times:

I don't know who He is but, He's no GORDO!!!!
SR

W N = my Worst Nightmare!!!!!

ANCFlyer From , joined Dec 1969, posts, RR:
Reply 2, posted (8 years 5 months 1 day 14 hours ago) and read 2100 times:

I hear Mr. Larry Kellner will get the job.

I'm not surprised that CO will cut the salary - if memory serves correctly, the entire executive staff at CO suspended salaries, ad benefits, immediately after 9/11 in an effort to keep CO afloat.

I thought that an honorable gesture. I don't recall the same thing happening at other carriers. Just another reason Gordo will be missed . . . . . and that CO expects to remain in the black in '05.

BENNETT123 From United Kingdom, joined Aug 2004, 6359 posts, RR: 1
Reply 3, posted (8 years 5 months 1 day 8 hours ago) and read 2017 times:

Good to see that the Brass are leading by example.

It is a pity that other airlines who are seeking pay cuts from the staff do not do the same.

Bobnwa From United States of America, joined Dec 2000, 5977 posts, RR: 9
Reply 4, posted (8 years 5 months 1 day 7 hours ago) and read 2004 times:

"CO expects to remain in the black in 05" ??????

As well as CO is doing in many areas, being in the black is not one of them!!

Wbmech From , joined Dec 1969, posts, RR:
Reply 5, posted (8 years 5 months 1 day 5 hours ago) and read 1933 times:

Yes a 25% pay cut sure looks good in the headlines, but didn't upper management get close to a 25%raise earlier in the year? Or is he just forfeiting his new salary as CEO and keeping his former salary, thus no "loss of pay". I have to do some research, but I believe this is true.

Ramerinianair From United States of America, joined Nov 2003, 1486 posts, RR: 0
Reply 6, posted (8 years 5 months 1 day 3 hours ago) and read 1881 times:

So what type of money are we talking about??
SR

W N = my Worst Nightmare!!!!!

AIR757200 From United States of America, joined Jul 2000, 1579 posts, RR: 8
Reply 7, posted (8 years 5 months 1 day 2 hours ago) and read 1844 times:

As well as CO is doing in many areas, being in the black is not one of them!!

Gordon was on CNBC the other day talking about his retirement next week and he said that CO's international service is making good profit, however, they are loosing all that in the domestic market.

ORD2PHL From United States of America, joined Oct 2003, 310 posts, RR: 0
Reply 8, posted (8 years 5 months 1 day 2 hours ago) and read 1818 times:

CO expects to remain in the black in 05

They would have to be in the black in order to remain in it...I'm near positive they posted a quarterly loss at 9/30/04

ORD2PHL

[Edited 2004-12-24 19:07:56]

WesternA318 From United States of America, joined Oct 2004, 5395 posts, RR: 25
Reply 9, posted (8 years 5 months 19 hours ago) and read 1723 times:

How much DID the domestic product lose?

Woohoo! Back to Beirut in Oct '13! (Along with a stop in DOH for 4 days)

Aa777jr From , joined Dec 1969, posts, RR:
Reply 10, posted (8 years 5 months 18 hours ago) and read 1696 times:

saw CNN this morning and they discussed airline industry for 2 solid hrs. talked with my dad about gordo today. he is a very wise airline exec and i hope CO gets a good guy to replace him. CO and AA are headed in the right direction to stay competitive and attempting to make profits.

AA777jr

NIKV69 From , joined Dec 1969, posts, RR:
Reply 11, posted (8 years 5 months 18 hours ago) and read 1681 times:

Of course the new CEO's salary will be cut, he is not Gordo! Smile/happy/getting dizzy

BETHUNE 2008

Aa777jr From , joined Dec 1969, posts, RR:
Reply 12, posted (8 years 5 months 18 hours ago) and read 1673 times:

pardon my ignorance, where is Bethune going? US? would love to see him bring
US out of the trenches!

AAplatnumflier From , joined Dec 1969, posts, RR:
Reply 13, posted (8 years 5 months 18 hours ago) and read 1663 times:

Good question. I know for a fact he is never going back to CO. Also I dont know if the agreement that he made with that investor only has to do with CO or all airlines. Good question.

Aa777jr From , joined Dec 1969, posts, RR:
Reply 14, posted (8 years 5 months 15 hours ago) and read 1621 times:

why is Bethune leaving CO? He seems to be one of the most respected airline execs out there today. He really turned CO into a major player, IMHO, internationally. I am amazed at CO route structure. It's increasingly becoming more and more extensive.

AA777jr

FriendlySkies From United States of America, joined Aug 2004, 4006 posts, RR: 6
Reply 15, posted (8 years 5 months 14 hours ago) and read 1607 times:

If he wants to be loved even more, send him over to UA. Compared to him, Tilton might as well be on Pluto. Big grin

ATWZW170 From United States of America, joined Oct 2004, 904 posts, RR: 3
Reply 16, posted (8 years 4 months 3 weeks 6 days ago) and read 1489 times:

Would be a good idea to get Gordo over to UA. Large airline like UA needs someone who will come in, cut threw the bull sh**, tell it like it is, then go forward. I think people tend to respect managers and CEO's if they just tell it like it is, how things are going to be, and then do what they say!

Lord knows UA needs some help right now.

Success is getting what you want...happiness is liking what you get

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