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Jetblue CEO Takes Paycut... 6 Months Only  
User currently offlineEmSeeEye From United States of America, joined Jun 2006, 508 posts, RR: 0
Posted (6 years 3 months 4 hours ago) and read 2025 times:

Although I applaud this why is it only for 6 months?

http://www.guardian.co.uk/business/feedarticle/7684520

EDIT: I forgot the source link.

[Edited 2008-07-28 20:23:09]

8 replies: All unread, jump to last
 
User currently offlineStyle From United Kingdom, joined Aug 2006, 263 posts, RR: 0
Reply 1, posted (6 years 3 months 3 hours ago) and read 1929 times:

Have any of their employees taken paycuts? If not, he is definitely showing how commited he is to making it through these turbulent times.

User currently offlineHercPPMX From United States of America, joined May 2008, 196 posts, RR: 0
Reply 2, posted (6 years 3 months 2 hours ago) and read 1901 times:

I applaud his actions, for an airline who only had a 7 million, 2nd qtr loss. His actions could very well prevent a United/ Tilton working environment in the future. This is the type of action you expect from a real leader.

Quoting EmSeeEye (Thread starter):
Although I applaud this why is it only for 6 months?

Hes probably trying to stop some of the bleeding early, and quite possibly expects the airline to be in a better financial situation 6 months from now.



C-130; it's a love-hate relationship
User currently offlineMir From United States of America, joined Jan 2004, 21701 posts, RR: 55
Reply 3, posted (6 years 3 months 2 hours ago) and read 1874 times:



Quoting EmSeeEye (Thread starter):
Although I applaud this why is it only for 6 months?

Nothing to say it won't continue after those six months if conditions remain as they are.

-Mir



7 billion, one nation, imagination...it's a beautiful day
User currently offlineDaCubbyBearBar From United States of America, joined Apr 2008, 76 posts, RR: 0
Reply 4, posted (6 years 2 months 4 weeks 1 day 22 hours ago) and read 1733 times:

It starts at the top, and then it starts to roll down hill. It is barely more than a couple of drops in the bucket. I am worried that there is more to come and that the outlook is not rosy.


Go Cubs Go Hey Chicago whaddya say the Cubs are gonna win today
User currently offlineEmSeeEye From United States of America, joined Jun 2006, 508 posts, RR: 0
Reply 5, posted (6 years 2 months 4 weeks 1 day 17 hours ago) and read 1607 times:



Quoting Mir (Reply 3):
Nothing to say it won't continue after those six months if conditions remain as they are.

I agree however I dont think 6 months is long enough. I just think it would have looked better had people thought it was permanent.

Quoting DaCubbyBearBar (Reply 4):
It starts at the top, and then it starts to roll down hill. It is barely more than a couple of drops in the bucket. I am worried that there is more to come and that the outlook is not rosy.

 checkmark 


User currently offlineChristao17 From Thailand, joined Apr 2005, 941 posts, RR: 8
Reply 6, posted (6 years 2 months 4 weeks 1 day 17 hours ago) and read 1574 times:



Quoting EmSeeEye (Reply 5):
I agree however I dont think 6 months is long enough.

Yes, he should just work for free, indefinitely. (said in jest, of course)

Taking the pay cut is an important symbolic gesture and is a good move to reinforce morale among his employees. Whether it is six months, a year, or forever, it shows that he will help shoulder the burden.

Us sitting here and speculating on how much of a pay cut he should take or for how long, is irrelevant.



Keeping the "civil" in civil aviation...
User currently offlineEmSeeEye From United States of America, joined Jun 2006, 508 posts, RR: 0
Reply 7, posted (6 years 2 months 4 weeks 1 day 14 hours ago) and read 1442 times:



Quoting Christao17 (Reply 6):
Taking the pay cut is an important symbolic gesture and is a good move to reinforce morale among his employees. Whether it is six months, a year, or forever, it shows that he will help shoulder the burden.

I understand why hes doing it. In fact I admire the move. My point is that it seems rather short sided to do it for only 6 months. If B6 employees are asked to take a paycut (or any other airline for that matter) are they getting the full rate back in 6 months? I seriously doubt it. Why cant he take a permanent cut?

Also I think this is a sign of things to come. This isnt a slam on Jetblue just an observation.


User currently offlineIkramerica From United States of America, joined May 2005, 21544 posts, RR: 59
Reply 8, posted (6 years 2 months 4 weeks 1 day 14 hours ago) and read 1434 times:



Quoting EmSeeEye (Thread starter):
Although I applaud this why is it only for 6 months?

Because in the new year they will reevaluate?

Most other CEOs took "no pay until the end of the year" which is basically the same end point.

Oil may be $100 or less by then, which would turn most airlines to profitability.



Of all the things to worry about... the Wookie has no pants.
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