CapnVegetto said:Spoken like a true management stooge. Keep raking in your millions and spouting this bull$hit. We don't buy it.
Arent we talking about NetJets? I've never seen any statements in the press that NetJets had 34 Billion laying around. You must be talking about Berkshire.....but does that mean you're suggesting that Geico and Pampered Chef employees pay for your salary demands?
No, but Berkshire Hathaway does. No Geico and Pampered Chef employees shouldn't pay for salary demands. But the fatcat billionaires at BH raking in millions off pilots' sweat should be, intead of sticking it in their pocket and bragging about it to the media.
Berkshire isnt raking in millions off of pilots' sweat....NetJets is a break-even or marginally profitable business. BRK gets the bulk of its profits from the insurance business. Read the annual reports and you'll see that its true...
CapnVegetto said:A union is formed when needed.
NetJets' union was formed long before Mr. Santulli bought the company and invented the fractional market. Was it in response to poor management? Probably. Is a union needed to deal with Mr. Santulli now? I doubt it. NJI, NJE, and EJM pilots dont think so....a large majority of my fellow Bridgeway employees dont think so either.
CapnVegetto said:And don't give me any bull$hit about productivity. Southwest Airlines is unionized. They work more efficiently than anyone in this industry, and are making money hand over fist, even in these hard times. Why? Despite the big mean bad union, they have a management team that actually gives a da-n about their employees, not lining their own pockets. One of Herb's most famous quotes: "Take care of your employees, and the rest will work itself out." Truer words have NEVER been spoken. Every single employee at SWA WORKS THEIR A$$ off, runs as efficiently as they can, and does every little iota of anything they can to save a dime because they know it's all about the bottom line. They're going to see a return on their hard work. What is a NJA employee's motivation to do that? To make Buffet richer? Why the hell would someone want to do that? They know if they work there a$$ off, the only thing that will happen is WB will stuff more millions in his pocket, and try to screw them out of a little bit more. I don't see why other management teams, (who ALL want to be like SWA) can't figure this out. YOU CAN'T RUN A SERVICE BUSINESS WHILE F-CKING EMPLOYEES!!! Eventually, it WILL bite you in the a$$. Look at United. Look at every single legacy carrier!! Use your f-ing BRAIN!!!!
I agree with your comments on Southwest's employee friendly outlook and its positive effect on company performance. I think their model should be copied by every company in the US, whether they are aviation related or not. Mr. Santulli has long advocated in person that you should take care of employees. I personally havent worked for another company that cared more for its people.
SWA's recent profitability though has been primarily due to its fuel hedges and their foresight to lock in fuel at $28-$35 a barrel. This isnt meant to take anything away from the positive impact of having good labor-management relations, just to point out that even good companies with great labor relations can lose money in rough economic environments.
As for your comments on Buffett, I think it is clear that you are judging the man simply by the size of his wallet and not by his actions. Buffett is a widely acknowledged DEMOCRAT, a staunch critic of excessive management pay (his salary is $100,000) and stock options, and he has repeatedly called for harsh penalties for the managers that have lined their pockets with company profits. If you watched his interview on CNBC about 2 weeks ago you would have seen him state very simply that the rich are currently winning in the United States and the Congress and President should raise taxes and help to redistribute the wealth. He also got in trouble in California for suggesting that they raise property taxes when he pointed out that he pays more property taxes for his house in Omaha than he does on an estate in California....