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Pay raise for Hawaiian Airlines CEO

mdanno808

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Hawaiian Air to pay
top exec $550,000


Mark Dunkerley will make a little
less than his predecessors


By Allison Schaefers
aschaefers@starbulletin.com


Hawaiian Airlines has approved a $135,000 raise for its newly promoted president and chief executive, Mark Dunkerley, who took the top spot at the carrier when it emerged from bankruptcy in June.

Dunkerley previously made $415,000 in his former role as Hawaiian's president and chief operating officer. Under his new three-year employment agreement, approved Thursday, Hawaiian will pay Dunkerley a $550,000 base salary and a $1,000-a-month automobile allowance, according to a filing yesterday with the Securities and Exchange Commission.

If Dunkerley meets targets, he also will be eligible to receive an annual bonus ranging from 100 percent to 200 percent of his base pay. Dunkerley already has received options to purchase more than 1 million shares of common stock of the carrier's parent company Hawaiian Holdings Inc.

The 41-year-old Dunkerley's pay raise comes at a time when management salaries are under fire in the struggling airline industry.

Hawaiian's former trustee, Joshua Gotbaum, who received $600,000 in salary and $120,000 in paid living expenses, earlier this month drew the ire of the company's chairman and local airline labor leaders with his request for an $8 million success fee.

A hearing on that request has been rescheduled for Sept. 29.

Dunkerley's predecessor John Adams, who served as chairman and CEO of the company before he was removed in May 2003 over questionable financial decisions, made $600,000 a year. Adams hired Dunkerley in December 2002.

Aloha Airlines' CEO David Banmiller, Dunkerley's chief rival, is getting an annual salary of $455,400 -- reduced by pay cuts from $562,222 -- and a $90,000-a-year housing and car allowance. Banmiller also is entitled to two years' severance and a 5 percent stake in Aloha Airlines.

A licensed commercial pilot, Dunkerley has been on the air and the ground in the industry. Born in Bogota, Colombia, to British parents, Dunkerley was raised in Washington, D.C., and is a naturalized American citizen. His start in the business was in 1985 as assistant to the CEO of Miami International Airport.

Next, Dunkerley spent a decade in management at British Airways, where he eventually rose to senior vice president of its America/ Caribbean division. Dunkerley left British Airways in 1999 to become chief operating officer of Worldwide Flight Services, a Texas-based provider of ground services to the aviation business. In April 2001, he joined Roberts, Roach & Associates in Washington as executive vice president. Before joining Hawaiian Airlines, Dunkerley was on loan from the consulting firm to Sabena Airlines Group, the Belgian international carrier. Dunkerley had the job of chief operating officer until he was released when Sabena went through an ownership change and bankruptcy.
 

capt. megadeth

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Makes a lot of sense to me....

Co. gets out of bankruptcy and gives an executive a raise.

Basically stealing from the employees pockets to make this schmuck rich.

Excuse me while I go vomit.
 

Whale Rider

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So whats next? Joshua Gotnone getting his $9 million dollar Christmas Bonus?:rolleyes:
 

Dan Roman

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Pretty much everyone who works at Hawaiian has no problem with Dunkerlys pay. He has earned the cautious respect of most employee's. It's the incredibly greedy and deceitful "trustee" that we have a problem with. He had absolutly nothing to do with Hawaiians success and in fact was more of a hinderince than a help. It's thanks to Dunkerly that we have been doing as well as we have despite the trustee, not because of him.
 

dash8driver

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Dan Roman said:
Pretty much everyone who works at Hawaiian has no problem with Dunkerlys pay. He has earned the cautious respect of most employee's. It's the incredibly greedy and deceitful "trustee" that we have a problem with. He had absolutly nothing to do with Hawaiians success and in fact was more of a hinderince than a help. It's thanks to Dunkerly that we have been doing as well as we have despite the trustee, not because of him.
yea.. i hear you guys are happy with dunk. but it would be nice if any extra money would go to restoring your give-backs before it went to giving out raises.
 

mdanno808

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dash8driver said:
yea.. i hear you guys are happy with dunk. but it would be nice if any extra money would go to restoring your give-backs before it went to giving out raises.

AMEN!
 

mdanno808

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Dash8driver, Hugh Jordan, et all,

What's the word going around AQ regarding a merger with Hawaiian? I know the m word has popped up at Hawaiian again.
 

Whale Rider

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mdanno808 said:
Dash8driver, Hugh Jordan, et all,

What's the word going around AQ regarding a merger with Hawaiian? I know the m word has popped up at Hawaiian again.
Merger? Why? Hawaiian has got a good thing going now. I love HAL, but if a merger with AQ is in the works you can look foward to more pain and suffering.:confused:
 
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dash8driver

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mdanno808 said:
Dash8driver, Hugh Jordan, et all,

What's the word going around AQ regarding a merger with Hawaiian? I know the m word has popped up at Hawaiian again.
i dont know.. i think its just one of the many rumors, and believe me when i say "many". heh. times like this breed rumors like crazy. i'm going to have to bring a pad and pencil to work every day just to keep track of them all soon.

supposedly we'll have a better idea of whats going on in the next few weeks. they are supposed to be figuring out which bidder they like here in the next couple weeks. then go to faris for that 30 day period where the other bidders get to make their cases, etc.




.
 

Whale Rider

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FlickerFade said:
It Would Not Be A Fu#%&ng Merger!!!!!!!!!!!! It Would Be a Purchase of
the assets of A Bankrupt Company! Like AA Bought TWA.
So you're basically saying the AQ guys will get stapled at the bottom or reinterview, and no AQ debt coming over???
 

fellows

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There is no shortage of bad blood between these to pilot groups. It would be very interesting to see how it would work if there were a "merger" or "buy-out".
 

FlickerFade

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What I'm saying is this:

As bad as the TWA/AA deal was, even they did not staple all the TWA guys, so no I am not suggesting that radical a thing as in your post Whalerider.

AQ has expanded, borrowed, had no effective business plan, and is now broke.

So I am fully supporting the recall of all HAL furloughees if an acquisition occurs. And a realization that it cannot be considered fair to integrate 1 for 1 or date of hire, just as stapling is not fair. In between these two there is room for negotiation, but it is not equal.


Aloha.
 
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HAL

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FlickerFade said:
What I'm saying is this:

So I am fully supporting the recall of all HAL furloughees if an acquisition occurs. And a realization that it cannot be considered fair to integrate 1 for 1 or date of hire, just as stapling is not fair. In between these two there is room for negotiation, but it is not equal.

Hey HAL. If you see this, please email me. You got that survey together and I am thinking that you would be a good person to pool us on furlough to get us speaking with one loud voice. We need to be contacting Mr. Dunk and the MEC. I don't think that your current USAir/HP integration is the same as HAL/AQ. As I stated earlier, it seems a lot more like AA/TWA to me.

Aloha.
FF,

Unfortunately from what I've seen in the HP/US merger, I'm guessing that an HA/AQ merger would be very similar. One company in bankruptcy, the other growing - and yet even though it is so close to a 'buyout', management keeps calling it a merger. And since we are both ALPA, the union merger policy comes into effect. With the AA/TWA merger the American union (APA) called the shots, and the TWA ALPA union was left hanging out to dry. What that means for the HA furloughees (as well as the US furloughees) is that no furloughed pilot can replace a working pilot. If HA does 'merge' with AQ, you can bet that just about everyone at AQ and ALPA would be screaming for us furloughees to be put below everyone working at HA AND AQ. In a word, we would be screwed.

But yes, I think we need to make our voice known if this does happen., and speak as one with our union, as well as a furloughee group.

HAL
 

English

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Isn't Don Carty involved with Hawaiian?

Hello, AA and TWA all over again.
 

Jim

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Supposedly Dunkerley in the HNL pilot lounge said if there ever was a deal with Aloha, it would be an acquistion of parts of the airline and not it's debt. In otherwords, not a merger. He also said that he was well aware of the seniority issues and that the HAL furloughees would be taken care of.

I got this second had so I can not vouch for its accuracy. When I asked my source what Dunkerley meant by "taken care of", he said that Dunkerley meant all HAL furloughees would be recalled and any excess pilot would be from the Aloha ranks. He than said Dunkerly stressed that any speculation of a deal with Aloha was just that - speculation. It was just one of many possible scenarios and business opportunities HAL and RC were investigating.

FlickerFade - unfortunately HAL is partially correct. With HAL and AQ both being ALPA, the ALPA merger policy (which also addresses acquisitions) would come into play. Reno pointed this out on Hangar Talk. The good news is that an acquisition does not necessarily mean an acquistion of the whole airline (and hence the whole pilot group). For example, say HAL acquired the AQ interisland gates and cargo operation. With the gates, there are no pilots. With the cargo operation, there are only a limited number of pilots - equal to the crews required to man those cargo aircraft. Now if HAL just acquired the cargo routes/contracts, but did not acquire the aircraft - there once again are no pilots as part of the acquisition. It's really complicated. All I know is that I called the HAL ALPA office and I was assured that they believed any acquistion (not merger) would favor the HAL pilots including the furloughees over the AQ pilots. The merger policy also includes "career expectations" which are great at HAL and not good at AQ. Guess only time will tell....
 
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