Buffett Bites Back at NetJets Pilot Complaints

[imacdog]

I really wish you guys and the union would stop talking about this point. It would only be a valid point if all you were asking for was to keep your current "sub-standard" contract, because clearly aome are not happy with it. Fighting for dramatic improvements in every area is hardly the status quo.

Disclaimer: i do not think asking for concessions are appropriate...in 2010, perhaps, but not now.

You must have missed the rest of the industry, which has been seeing significant contract improvements in the last few years. Of course we aren't seeking status quo!

 

[fischman]

By definition, you are being compensated for what your skills and experience are worth.

Bob

Wrong! We are compensated for how hard we leverage the company into paying us, which when we vote on a TA should be no less than $250,000.

 

[CA1900]

Yes, and the company is seeking a change that would bring it more in line with industry norms.

But what is the industry? If you believe Netjets, we define what "the industry" is due to our size and market share. If that's the case, then we have the industry norms by definition.

Does "the industry" include the major airlines? That's fine, but if so, we're due one hell of a huge pay raise to bring us "in line with industry norms."

They don't get to have it both ways.

 

[PCL_128]

They don't get to have it both ways.

I think you're going to be surprised at what the NMB thinks they get to have.

 

[FLYLOW22]

And the hiring boom will continue regardless because it's mostly age retirements, not new flying.

The schedule will not be met without huge amounts of sell offs.

The end.

 

[fischman]

But what is the industry? If you believe Netjets, we define what "the industry" is due to our size and market share. If that's the case, then we have the industry norms by definition.

Does "the industry" include the major airlines? That's fine, but if so, we're due one hell of a huge pay raise to bring us "in line with industry norms."

They don't get to have it both ways.

Sorry to everyone else, but respectfully, WE ARE the industry. We are bigger than all our competitors COMBINED. Whatever we say the industry norms are is what they are, so I don't give a hoot about the NMB says.

 

[FamilyGuy]

Sorry to everyone else, but respectfully, WE ARE the industry. We are bigger than all our competitors COMBINED. Whatever we say the industry norms are is what they are, so I don't give a hoot about the NMB says.

Hmmmm... that sounds vaguely familiar. Didn't a bunch of US Air East pilots feel the same way? Aren't they still waiting for a new contract?

Like it or not, what the NMB says will matter and will have a profound impact on your lives.

 

[FamilyGuy]

If I were to be "CEO for a day" my first order of business would be to repair my relationship with my internal/external customers and vendors. NetJets needs to stop the trend of customers and employees leaving. We need every one of them.

You have my vote. That's exactly what needs to happen. Unfortunately the only way this will occur is when Jordan is shown the door.

 

[BobbyBiplane]

And what you negotiate. Your skills and experience could be possibly worth more, but if poorly negotiated, you're working at a discount...and vice versa.

The minute you come to work at a stated rate of pay you have established your worth. Fair Market Value is defined as what a buyer pays a willing seller. You are the seller who willingly supplies your service.

If you have a problem with your pay I recommend starting with the mirror.

Bob

 

[Diesel]

The minute you come to work at a stated rate of pay you have established your worth. Fair Market Value is defined as what a buyer pays a willing seller. You are the seller who willingly supplies your service.

If you have a problem with your pay I recommend starting with the mirror.

Bob

Or wait for the contract to be up and re negotiate.

It's the equivalent of looking in the mirror.