Pointless, 2425?
OK, I'm calm now. Let me clarify.
When times are good, and the company is doing well, sure, triple the dudes pay. He comes on in 1999 and says he wants to double the size of the company in two years, great. If we had 2000 pilots and the stock was at $30 pre 9/11, and we continued to grow post 9/11 like other regionals, I would be the first to say the dude needs a raise. Get it?
You asked, here's the answer. I would not take a raise when I am also putting at least 50-100 people out on the street at the same time. It crosses the line of morality. If we can't afford 18,000 for an FO than we sure as heck can't afford (base salary alone) of 640,000 for him. That's 36 FO's right there. Hmmm, .......
Am I alone here or does anyone else agree with me?