NetJets cuts its pledged donations

[o2bflyn]

It is a pledge not a guarantee [sic]. Anybody half educated about fund raising knows that pledges are subject to change.

Actually that is not the case. Most larger charitable contracts (especially when someone or a company gets lots of exposure) is a legally enforcable contract and is NOT usually subject to change. Once in a while charities do take the unsual step of seeking to enforce the pledge and are usually successful. The premise is that the charity is relying upon that COMMITMENT and is moving forward on that behalf. For good PR (and the hope of getting future large commitments), charities usually do not seek to enforce the commitment.

While we all want pilots to be recalled, if assume the union contract does not require all pilots to be recalled before the comany can make charitable contributions.

I am not in favor of anyone (or compamny) making commitments and then walking away from them. I serious doubt RTS would have walked away.

Fly safe.

Netjets, like all other companies effected in this recession, needs to return to profitability. Drastic times sometime call for drastic measures. I am sure that Netjets would have loved to honor this pledge, but I would never expect them to honor it at a detriment to the company. If the company goes down, then there is vastly different effect on the overall economy, than just these charities.

It is a regrettable decision, but a necessary one. We will never know what RTS would have done, so that is a mute point.

 

[gunfyter]

I guess we could furlough another 50 or 100 people to cover the donations....

I don't think we walked away ... simply reduced support.

Back to fight another day.

I recently had to cut back what I was giving to the Church. Largely because Chase Bank sent me a letter notifying me they want me to pay 5% per month minmum payments now instead of 2% per month... on the $26K I owe them. Or more than $700 more per month.

I can't furlough my wife and kids so....

When I retire this debt things will go back to normal...

Same for NJ....

 

[flagshipper]

"I serious doubt RTS would have walked away."

I don't care who you are. That right there is funny

 

[glasspilot]

It is a regrettable decision, but a necessary one. We will never know what RTS would have done, so that is a mute point.

It's a MOOT point. We would, however, have accepted a MOO point.

 

[flex*wife]

One of my first jobs was working for a public television station. After telethons we would spend months trying to collect on some of the larger donations, especially some of those "gift with minimum donation" pledges. After 6 months, they went to a collection agency. There wasn't anything unusual or scandalous about this in comparison to other similarly funded enterprises, so it would be interesting to see where this one goes. Maybe making such a long commitment in a business niche a 5 year old can predict volatility in ought to be the real discussion.

However I agree that commitment to one's own, whether that be family or employees should come first but surely there could have been classier ways to handle all of this, including the layoffs...

 

[wolfpackpilot]

"Turned its back on the community"? The same community that gave SkyBus $50 Million, but wouldn't give us the time of day until we threatened to move to another city?

This is for you, Mr. Wexner.

BWAHAA...:laugh:

 

[Fozzy]

Maybe EJM can afford to cover it.

 

[G200_PILOT]

You mean like not furlough 495 pilots due to success of the voluntary measures??

No, like keeping their promise to make sure that this company survives these terrible financial times and continues to provide our owners with the safest and most reliable services. A promise WE ALL better hope they keep.

Unless you saw the data yourself and everyone else has been lying to us, please explain how you think the PMs were a "success." They HELPED with the flowing blood but didn't FIX what was/is broke.

 

[BuckMurdock1]

No, like keeping their promise to make sure that this company survives these terrible financial times and continues to provide our owners with the safest and most reliable services. A promise WE ALL better hope they keep.

Unless you saw the data yourself and everyone else has been lying to us, please explain how you think the PMs were a "success." They HELPED with the flowing blood but didn't FIX what was/is broke.

I think you are missing the point I was making. Someone had posted that NJA should 'keep its word' with regard to charitable donations pledged in the next several years (which was done before the financial meltdown). I was simply saying that by his (the poster's) rationale-- perhaps RTS & NJA as a whole should have also honored the committment not to furlough based on the success of the voluntary measures (RTS' words, not mine) as long as the economy and our business doesn't deteriorate further; which they haven't.
I'm not privy to any more data that you or I have seen in recurrent and what they tell us on the crackberry. BTW- not sure what "PMs" are.. assume you meant "VMs".
I do wish NJA success, though I do not intend to return. ...And I do agree with the principals of safey and service you related.

 

[G200_PILOT]

Sorry, PM were meant as Preventative Measures.

I think if RTS were here today, they would still be in effect but there's a possibility that that may not be such a good thing. Sokol's a smart guy. So isn't WB. They both saw that the numbers didn't add up even AFTER the PMs, VMs, or whatever else they're called these days. I wish they were still in effect but those days and that hope is LONG GONE. We now have to try and move on and find the positives in our jobs to make sure we survive.

Fly safe and have a little fun. Then get home to your family cause that's where it's at!

Happy Thanksgiving!

 

[x402]

"Turned its back on the community"? The same community that gave SkyBus $50 Million, but wouldn't give us the time of day until we threatened to move to another city?

This is for you, Mr. Wexner.

Mr Wexner's largess comes on the back of the 'slave' labor used to produce his products in China, India and other 3rd world locations.
He is a good businessman and has become a billionaire on foreign labor, avoiding real world wages and benefits. Good deal for him, but please spare us the moral indignation.

 

[-FlyAuburn-]

Those jobs are not coming back.....And it was more like 800 employees laid off....Pilots are not the only ones that work at NetJets.

Smoke. You are right and I apologize. I stand corrected at 800. The difference is that the pilots have recall rights and if you are young enough you MIGHT get a recall one day.

 

[Dooker]

Nine million for some bike tour?

Even in good times, that sounds kind of stupid.

 

[glasspilot]

Yeah...bikers are way over paid.

 

[shanes123]

What a bunch of greed..Why dont one of these charities that NJ has helped for years step up and help 495 NJ pilots..I wouldnt donate another red cent to any of these organizations..Most of them got ceos working for them making millions anyway..Let them donate some of there cash..