horton = evil bastard

[Dan Roman]

Thanks Ty. Your right. Just a little sacrasm Dan, not to worry.

Oops my bad! I thought the conversation between you and Dzl8 was about the 40 thousand PBGC payments the UAL pilot's were left with. So my humblist apologies!

 

[redflyer65]

No worries. We might not agree often, but I guarantee you we are probably on the same page here!

 

[Dan Roman]

I thought no one could be that stupid.

You're right, I looked back on the string and Dizel8 just started by actually putting a post up saying what I was saying and I jumped on the poor guys!

 

[AA717driver]

I never understood why creditors were willing to take less than 100% in a bankruptcy yet give the management team (often the same people who were running the company when it went bankrupt) equity that should be theirs. I can understand it in the case of labor because labor needs to be persuaded to give up things that translate into huge cost reductions but what does the management team give up except stock options that THEY destroyed the value of? The management team gets to keep their employment agreements and usually gets retention bonuses during bankruptcy (and their retirement generally gets protected as well) as well as a sweetheart deal on exit. What a deal, you put your company into bankruptcy and come out smelling like a rose while the rank and file take all the hits. It's no wonder bankruptcy is such a popular business strategy in this industry, it comes with a "bankruptcy bonus." There's a perverse incentive if there ever was one.

I don't get why all the normal employees are expected to do a good job to earn their paycheck and remain employed but upper management needs special incentives and bonuses (in addition to their salary, benefits and perks) to do theirs. On top of this they have employment agreements so even if they do a crappy job and have to be let go they get paid large sums of money to leave. These guys get bonuses to get hired, fired, if the company does well or poorly and if the stock goes up or down and the unions get accused of having an entitlement mentality.

"If you want management pay, get your MBA." Jeff Brundage AMR HR.

"You have to pay to retain the top talent." Gerrard Arpey former AMR CEO.

"You just don't understand executive compensation.". Jeff Brundage.

See a theme here? There's more of an entitlement mentality here than in the Chateaux of the Bourbon Monarchy.

Time to start building guillotines...

TC

 

[xrated]

As long as the Bush era tax cuts are extended to the ultra-wealthy, this will all work out in time. Us bottom feeders will surely benefit because guys like Horton are job creaters.

 

[Dan Roman]

As long as the Bush era tax cuts are extended to the ultra-wealthy, this will all work out in time. Us bottom feeders will surely benefit because guys like Horton are job creaters.

OK I'm not going to fall for it twice!

 

[waveflyer]

Too bad you're not willing to see the valid comparison. I knew you'd have trouble with the Obamacare example, that's ok though, partisans will always be partisans. Carry on.

Because its not valid data. I just get frustrated by how uneducated pilots tend to be about most everything except flying- its a strange respect I have for the average pilot-

Read wealth of nations. Don't cherry pick the free hand and read the shakespearean English -
In it you'll find the concept you need- > unregulated capitalism always devolves into feudalism. Without regulation, the most efficient doesn't win the market share- the most powerful do. At its basest level, the winners are those with the biggest guns.
Can we over-regulate? Sure. But under-regulation is creating the current economic messes-
Break up the banks, repeal the FSMA and reinstate Glass-steagal protections. In other words, break up the oligopolies.

 

[DH106]

We all know that instructordude is a ruse (a trick). What's funny about her is that she actually wastes her quality time just posting the opposite of what anyone says, to get a rise out of folks. It just kills me that someone would actually waste their time doing that! Man, she is funny, though.

 

[Draginass]

Horton is not immoral, he's amoral, just like the vast majority of American businessmen and executives. Horton is a slash and burn artist that was brought in to rape AA employees into subservience. I estimate that he personally will walk away with at least 20 million dollars+ for a year's work.

 

[slaquer5]

OK I'm not going to fall for it twice!

2 days later and I still get a chuckle when I read this post


Thanks for making my day