NWA paying high salaries again!!!!!!!!!!!!

[Boeingman]

Just like at UAL, you can see where your pay cuts are going. Absolutely disgusting.

http://www.airportbusiness.com/article/article.jsp?siteSection=3&id=5378

I wonder how many of these guys are Steenland's buddies?

 

[Mugs]

Even the ATSB walked away with a $300 million profit off the industry. Seems to me like that came right out of airline employees pockets also.

 

[YourPilotFriend]

One reason to drag out the bankruptcy process as long as possible.

 

[zonker]

Barry Simon was a top executive at the Seabury Group, which is now one of the bloodsucking firms siphoning cash from the NWA employees.

Simon was hired by Steenland away from the Seabury Group, and they both learned their disgusting criminal tactics they call "corporate finance" from Frank Lorenzo at Continental.

Here's a nice stock dump report before the Bankruptcy and subsequent employee theft took place:
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http://www.pfaa.com/News/ann/ExComp/StockSales.asp

The Great NWA Executive Management Stock Dump Report - April 23 - May 3
Despite ongoing demands for employee investment – via concessions – in the company, members of NWA Executive Management continue to divest stock at full tilt.
Professional financier and former NWA Board of Directors member Al Checchi led the eight-man pack, selling off 1,650,240 shares from April 23 to May 3, raking in $8,439,884.
Second place goes to President and CEO Doug Steenland, whose significantly smaller divestment netted him a tidy profit of $405,137 – above and beyond his yearly compensation of $500,000.
In descending order:

• Tim Griffin ($274,036.56), Executive Vice President – Marketing and Sales.
• Phil Haan ($242,870.42), Executive Vice President – International, Alliances and Information Technology, Chairman NWA Cargo.
• Andrew Roberts ($177,220.09), Executive Vice President Operations.
• Bernie Han ($42,046.19), Former Executive Vice President and Chief Financial Officer.
• Barry Simon ($21,272.84), Executive Vice President and General Council (please note, Simon – former Texas Air General Counsel/Frank Lorenzo protégé – joined Northwest in late 2004, and has been well compensated since).
• James Mathews (sold 8,334 shares – value unknown), Vice President Finance and Chief Accounting Officer.

In addition to these sales, the following individuals were granted restricted stock on May 2, 2005.

• Doug Steenland: 100,000
• Tim Griffin: 75,000
• Phil Haan: 75,000
• Andrew Roberts: 45,000
• Barry Simon: 45,000
• James Mathews: 20,000 (phantom shares)

While these shares are restricted as to when these individuals may sell them, to give you an idea of current worth, the closing share price on May 2, 2005 of $5.02 made the total 360,000 shares worth $1,807,200.00.
We're watching.

 

[shon7]

Bottom line is Consultants and Lawyers are expensive. They are also REQUIRED in the Chap. 11 restructuring to get an outside perspective -- which by the way is something the unions wish for.

All these problems are of your own making. Live with it or move on.

For all that complain about how horrid the workplace is at the airlines -- why lead such a miserable existence. Quit and find something better. If the seniority screws you -- that is a union issue. How many have addressed that at ALPA?

 

[800Dog]

Bottom line is Consultants and Lawyers are expensive. They are also REQUIRED in the Chap. 11 restructuring to get an outside perspective -- which by the way is something the unions wish for.

All these problems are of your own making. Live with it or move on.

For all that complain about how horrid the workplace is at the airlines -- why lead such a miserable existence. Quit and find something better. If the seniority screws you -- that is a union issue. How many have addressed that at ALPA?

I prefer to exercise my legal right and strike. No flying job for me and no financial windfall for the executives. Looking forward to spending more time with my Family and sleeping in my own bed.

 

[zonker]

Bottom line is Consultants and Lawyers are expensive. They are also REQUIRED in the Chap. 11 restructuring to get an outside perspective -- which by the way is something the unions wish for.

All these problems are of your own making. Live with it or move on.

For all that complain about how horrid the workplace is at the airlines -- why lead such a miserable existence. Quit and find something better. If the seniority screws you -- that is a union issue. How many have addressed that at ALPA?

What is it that you are implying here? That the unions are cause of the problems at NWA?

 

[Boeingman]

All these problems are of your own making.

That has to be one of the most ignorant things ever said on this forum. Now go back to the private pilot area where you belong.

 

[81Horse]

Bottom line is Consultants and Lawyers are expensive. They are also REQUIRED in the Chap. 11 restructuring to get an outside perspective -- which by the way is something the unions wish for.

All these problems are of your own making. Live with it or move on.

For all that complain about how horrid the workplace is at the airlines -- why lead such a miserable existence. Quit and find something better. If the seniority screws you -- that is a union issue. How many have addressed that at ALPA?

shon, I asked you a few days ago whether you have a dog in this hunt.

Your profile indicates you have no credentials that would qualify you to speak to the issues of professional piloting. Now, shoo.

 

[Ex737Driver]

Bottom line is Consultants and Lawyers are expensive. They are also REQUIRED in the Chap. 11 restructuring to get an outside perspective -- which by the way is something the unions wish for.

All these problems are of your own making. Live with it or move on.

For all that complain about how horrid the workplace is at the airlines -- why lead such a miserable existence. Quit and find something better. If the seniority screws you -- that is a union issue. How many have addressed that at ALPA?

Spoken like a true laywer or laywer wanna-be piss-ant. Shame you can't stiff the law firms like most everybody else in the airline business that seems to get stiffed in a BK. Hey wait, what's that noise?..........better run, I hear an ambulance you douche bag!