waveflyer
Well-known member
- Joined
- Jan 9, 2005
- Posts
- 10,005
I'm sorry Yip, your numbers are grossly miscalculated.
The real money IS very significant + the incalculable losses that lack of leadership, greed, and selfishness directly and indirectly costs IS ENORMOUS.
In 2003, APA pilots accepted cuts approx $250M = 38% paycuts. Before the ink was dry AMR management installed an ongoing Management retention program that has rewarded failure to the tune of $260 Million PER YEAR. The max this program paid was $300M, and even in this recession- still pays $50-100M annually-
It's redistribution of wealth at its ugliest.
Now the APA and all it's members have sacrificed immensely and their airline is in no better shape for it- but managers have lined their pockets.
Sorry - but if managers want to go manage other companies- let them-
Leadership matters, business does matters- I know- but it's not more important than the leaders and inflight "managers" behind the yoke.
The real money IS very significant + the incalculable losses that lack of leadership, greed, and selfishness directly and indirectly costs IS ENORMOUS.
In 2003, APA pilots accepted cuts approx $250M = 38% paycuts. Before the ink was dry AMR management installed an ongoing Management retention program that has rewarded failure to the tune of $260 Million PER YEAR. The max this program paid was $300M, and even in this recession- still pays $50-100M annually-
It's redistribution of wealth at its ugliest.
Now the APA and all it's members have sacrificed immensely and their airline is in no better shape for it- but managers have lined their pockets.
Sorry - but if managers want to go manage other companies- let them-
Leadership matters, business does matters- I know- but it's not more important than the leaders and inflight "managers" behind the yoke.