SLCUT2777 From United States of America, joined Dec 2005, 4210 posts, RR: 9
Reply 2, posted (9 years 4 months 4 weeks 22 hours ago) and read 4355 times:
Quoting Chicago Tribune: At United, much of the worker anger is directed at the executive compensation garnered by Tilton after the airline exited bankruptcy in February. He was granted 545,000 shares, worth about $23 million at the airline's $42.25-per-share closing price Wednesday, as well as 822,000 stock options worth about $5.7 million. Since early August, Tilton has cashed in shares and options worth $3.3 million.
Some pilots have sported buttons reading "United pilots have 40/40 vision," a reference to the pay raises given Tilton and McDonald.
Can you blame these guys? Tilton and McDonald dumped their retirement fund and then gave themselves the bonus noted above. Tilton is giving DL's former CEO, Leo Mullin some competition for audacity!
DELTA Air Lines; The Only Way To Fly from Salt Lake City; Let the Western Heritage always be with Delta!
Indy From United States of America, joined Jan 2005, 4624 posts, RR: 16
Reply 7, posted (9 years 4 months 4 weeks 21 hours ago) and read 4217 times:
If you read the report you will see they aren't planning on going on strike. They can't go on strike until some time in 2009. I can certainly see where the displeasure comes from with the workers. It seems wrong to be expected to take a huge pay cut just to have executives get big fat bonuses for hacking your pay. There is something morally wrong with that. What the pilots have at their disposal as mentioned in the report is to follow the contract to the letter. How can someone be mad at a worker for following their contract? Or are people going to be upset with them because they took a pay cut and now refuse to work overtime while executives get bonuses? Who should people be upset with? I'd be upset with the executives for being poor team players.
As long as the pilots stick with their contract as written nobody has a right to say a word about them. If their are massive cancellations as was the case in 2000 then blame management for not having enough pilots on staff. Nobody is obligated to work overtime. Maybe they should use that executive bonus money and hire more pilots.