Soverytired
Well-known member
- Joined
- Jan 30, 2006
- Posts
- 1,572
It is all about being represented...
The current laws, policy and culture in this country favor corporate America. The intent is to have your voice heard. Is that unamerican? Give those who have all the power and wealth....more just seems unreasonable...
Fuel prices out of control..... who should pay for it? Your CEO thinks pilots and the rest of labor should. Why should he work harder at being a CEO when he can use fear and force pilots to give up their pay...when it won't matter... the point....
The laws, policies and culture in our country help and allow him to do so.....
I want representation in Congress and from POTUS that doesn't allow my CEO to do so....
I understand your frustration with the revolving door of CEO's who's compensation is not tied to performance and seems much, much to high. I'll even go so far as to say that I share it. I'm not sure what you're hoping the federal government should do about it.
You DO have your voice heard at any publicly traded company if you own a piece of it. It's called proxy votes by the shareholders. Although rare, it's not unheard of for corporations to be shaken-up from within when the stockholders revolt. There is no reason that pilots couldn't devote, say, 10% of their paycheck to buying company stock and over time directing their union to use their proxy votes to shape the company.
Would you trust your union to manage your personal wealth this way? And to have long term effect, that stock would have to be locked up for a long time. Not to mention the fact that airlines are terrible investments.
Do you think your congressman should regulate how much CEO's earn at a private company? This seems heavy handed, grotesque, and un-American. And for those "re-regulate the airlines" pilots out there, remember this: if your congressman can tell your CEO what he can earn, he can do the same to you. If the US taxpayer is subsidizing your job, they're not going to put up with $150k salaries for you either, particularly since from their end the cost of air travel will almost certainly double if not triple.
"Pilots pay the cost of fuel" . . . you gotta be kidding! There's lots of things Congress can do about this, but the democrats have made it very clear that their hands are tied by their numerous 'nutter constituencies. The worst part is that most of the solutions would take at least a decade to have real impact anyway, so no matter who's in power, energy is going to be a real problem for the next few decades.
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