NWA execs want $20 million for themselves

Butters

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I don't know why this surprises me. On the news in MSP tonight they said that the execs at NWA have asked the bankruptcy judge to approve "$20 million for executive bonuses." They say if they don't get them, quality managers will leave and it will be harder to succeed.

And we wonder why this whole red-headed family is sinking into the sewer. Classy, fellas. Pure class.
 

XJTAv8r

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Butters said:
execs at NWA have asked the bankruptcy judge to approve "$20 million for executive bonuses." They say if they don't get them, quality managers will leave and it will be harder to succeed.
This seems to be pretty standard procedure for airline executives from each of the troubled carriers. They look out for themselves first. Hopefully the judge will deny their request or require that the bonuses be tied to legitimate performance goals.
 

jtf

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Let them leave- if they were good managers the airline wouldn't be in bankruptcy. They will hose every last employee beneath them to give themselves more and more and then leave anyway once they have stolen a golden parachute from the employees that they have mismanaged from the start. Just my opinion on the vast majority of airline managment.
 

FlyingFerris

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I think it was in the times or one of the other rags they actually had a PR quote about why they were asking the judge for that money. It went like this "to help ecourage, and retain Northwest's top talent...." Needless to say the crew got a giggle out of that one.
 

JD2003

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Yea...used to hear that encourage and retain crap over at United all the time when they filed.

Have you folks over at NWA considered outsourcing executive management?
 

WSurf

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Yea, I don't understand what the bonus is for! Let them work hard on getting the airline straight, then lets pass out some bounuses!
 

ASAFOE120

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Good ole Leo passed out the bonuses over at big D a few years back to keep the "talent". It was something like 2 or 2 1/2 years later and they were all gone. Including Leo!

I guess the "good goes around" only applies if your top management.

oh well. whatever.
 

RampTower

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JD2003 said:
Have you folks over at NWA considered outsourcing executive management?
"Floyd"..... in India is a top quality manager.
 

Master Shake

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I'd say NWA MGT would have an easier go of it if they can get their BK judge in their pocket, a la UAL style. Those folks have taken the avereage corporate BK filing and elevated it into an art form.
 

Ex737Driver

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RampTower said:
"Floyd"..... in India is a top quality manager.
Now that's funny!
 

flatspin7

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So If I was in upper management at a major airline and was so inflexible that my company was broke and my employess all hated me, I deserve more money... This Makes a whole lot of sense.
 

GuppyPuppy

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RampTower said:
"Floyd"..... in India is a top quality manager.
Anyone know where I could get an audio link to "Floyd, CO crew scheduler"?

Thanks,

GP
 

Rez O. Lewshun

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You can come up with professional, mature avatars and get distracted with upper management salaries or you can keep your eye on the ball....
 

Dodge

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An armadillo with wings and a shovel.....yes, very mature.
 

405

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A lot.
Butters, you have a link for that article?
 
Last edited:

PeanuckleCRJ

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They can have their bonuses when they get us out of bankruptcy successfully.

If their are furloughs and concessions going on, not a single person should get a bonus. I dont see a bonus for any of the flight or mx personnel.
 

Butters

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The original article can be found here.


NWA officials seek to keep bonuses in bankruptcy filing







Northwest Airlines is asking the bankruptcy court to approve millions of dollars in bonuses to a handful of executives.

This request comes as the airline is laying off workers and asking the rest for deep pay cuts.

"It's ridiculous," says Peter Fiske, an executive board member at large with the Professional Flight Attendants Union.

The airline wants executives to be allowed to retain their incentive plans, which are worth $20 million.

According to papers filed in bankruptcy court, Northwest says continuation of the incentive plans is "critical to Northwest's ability to remain a competitive employer and to avoid a potential loss of employees."

"It's absolutely absurd," Fiske said.

His union is supposed to re-enter contract talks next week with Northwest, and the airline is asking flight attendants for an additional $195 million in concessions.

A Northwest spokesman said the executive incentives are "previously existing obligations" that managers have come to expect, and taking them away means some managers might quit their jobs.

The spokesman, Kurt Ebenhoch, also says that salaried employees and managers took pay cuts before anyone else at the airline.

In December 2004, he said those cuts were worth $35 million. For the top five executives, that amounted to a 20 percent pay cut, Ebenhoch said.

He also said executive pensions were converted to 401(K)'s.

But on the picket lines, where union mechanics have been walking for a month, they said it adds insult to injury to know executives want to keep those $20 million incentives.

"Nothing surprises me anymore," said Kelly O'Brien, a striking AMFA mechanic. "They keep adding to their pockets and taking away from everybody else's, and I guess nobody seems to care but us.

As for the flight attendants, Peter Fiske says the airline is asking for $195 million in concessions - in addition to 1,400 layoffs that were announced last week.

He says he'll be negotiating with part of the same management team that's responsible for driving the airline into Chapter 11.

"It was not the employees that forced this airline to file bankruptcy," he said. "It was the management. The employees have never been the problem."

Northwest has said it wants to reduce its labor costs by $1.4 billion.

Monday, the airline said, once Northwest has reached agreements with its other unions, management and pilots will take another wage cut to contribute to that $1.4 billion goal.

By Scott Goldberg, KARE 11 News

(Copyright 2005 by KARE. All Rights Reserved.)
 

Rez O. Lewshun

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PeanuckleCRJ said:
They can have their bonuses when they get us out of bankruptcy successfully.

If their are furloughs and concessions going on, not a single person should get a bonus. I dont see a bonus for any of the flight or mx personnel.
You aren't even in the same universe to have any real say in this....

Control what you can....
 

Dodge

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If these bonuses are "previously exsisting obligations", then so are all the labor contracts. NO CONCESSIONS!!!!
 
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