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With RTS out, what's in store for us?

G200_PILOT

Well-known member
Joined
Aug 24, 2005
Posts
394
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5:01PM
It's a very sad day for NetJets. When I read the ICOM, I fell into shock. The only reason I can think of as to why it was such a sudden withdrawl is a medical reason. IF that's the case, I wish him and his family all the best.

Our fates now lay in the hands of an unknown. I hope Warren choses wisely.

Good luck to all.
 

fischman

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Aug 11, 2005
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lots of good info on NJASAP.com
 

G200_PILOT

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Nice try... come on man, you know I'm done with all that. If the Union has more info, they'll post it in the next 411. The "info" you're talking about is the same as here.... speculation.

I'm not asking what peoples' thoughts are as to WHY he did what he did today. I posted my guess but that's all it is, a guess.

RTS is a great man that all of us should respect and look up to. Any one of us here that work for ANY fractional have him to thank for it. Had it not been for knowlege and dream, none of us would be where we are today. The man is an icon and will be a legend in the eyes of many for as long as this industry exsists.
 

DO-82 driver

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Jun 20, 2004
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A number of us figured you or one other person would be bursting at the seems to be the first to scream this to the world......

I won the bet......sadly
 

fischman

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Nice try... come on man, you know I'm done with all that. If the Union has more info, they'll post it in the next 411. The "info" you're talking about is the same as here.... speculation.

I'm not asking what peoples' thoughts are as to WHY he did what he did today. I posted my guess but that's all it is, a guess.

RTS is a great man that all of us should respect and look up to. Any one of us here that work for ANY fractional have him to thank for it. Had it not been for knowlege and dream, none of us would be where we are today. The man is an icon and will be a legend in the eyes of many for as long as this industry exsists.

I don't know man. There will be an official eboard communication tonight per PK. Might be time to log on again.
 

gutshotdraw

ZERT Wilson CQB User
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I've been thinking a lot on this since the ICOM came out two and a half hours ago. The conclusion I have reached is that it may not be all bad. I have immense respect for RTS and everything he has done for this industry, this company, and me personally. If he has an achilles heel, I think it may be his extreme loyalty to people. Let me explain.

The economic realities facing the industry and the company are so compelling that obviously the company needs to be revamped on a fundamental basis. In my opinion, and that of many others, the company is extremely bloated on the administrative and executive level. Many of the people in those positions have long-time and close ties to Mr. S and I think he is distraught at the prospect of downsizing in those areas.

From what I read, Mr. Sokol is a conservative, old-school, Omaha friend of Mr. B that is very highly regarded in business circles. A Fox Business analyst said when Mr. B and Mr. Sokol are together, they are the smartest guys in the room. Any room. I think this may bring an ability to make the tough but necessary actions to return the company to profitability. Emotional and personal ties will no longer trump good business decisions. Any of you NJ people who have been around a while can all point to at least one poor decision you know of as an example. Some may call these actions slash and burn cost-cutting. I prefer to think of it as better choices (two blue hard-bound books ring any bells?).

The one thing it definitely shows to me is a commitment on Berkshire's part to revive the company even if it means the retirement of the man that created the industry.
 

HazMat

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Geez wonder what other bloated workforce he will look to cut. From what I hear he was loyal to alot of people. Don't do this the guy is an icon
 

RTRHD

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Joined
Oct 14, 2005
Posts
619
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NJE

STARTING SALARIES JANUARY 1, 2007

rank
starting salary
6 optional days
compensation
Captain – PIC
€95,000
€6,000
€101,000
First Officer – SIC
€56,500
€4,200
€60,700
Flight Attendant
€48,350
€3,300
€51,650

Netjets new TA pay FO yr 1 $69188. - Page 13 - Airline Pilot ...

10 posts - 8 authors - Last post: Nov 27, 2007

I am no expert but this may have something to do with it...
 

netjetwife

1 of many w/an opinion
Joined
Sep 18, 2004
Posts
2,741
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none
...RTS is a great man that all of us should respect and look up to. Any one of us here that work for ANY fractional have him to thank for it. Had it not been for knowlege and dream, none of us would be where we are today. The man is an icon and will be a legend in the eyes of many for as long as this industry exsists.

In the interest of giving credit where credit is due, I agree that his accomplishments were impressive and far-reaching. Additionally, RTS set a good example for other CEOs by working with his labor group, responding with compassion to individual employees in their time of crisis, and supporting the military and NJ pilots who served our country. My family wishes him well and hopes he enjoys his retirement.

GSD, I found your post both respectful and realistic. I think it is possible to appreciate what RTS was able to do (definitely a lot) without losing sight of where we are today and what decisions may have led us to this point. Hopefully, the good things about RTS and the NJ history/culture during his tenure will be carried forward as we face the present challenges. NJW
 

gunfyter

Well-known member
Joined
Mar 25, 2002
Posts
3,783
Total Time
11000+
NJE

STARTING SALARIES JANUARY 1, 2007

rank
starting salary
6 optional days
compensation
Captain – PIC
€95,000
€6,000
€101,000
First Officer – SIC
€56,500
€4,200
€60,700
Flight Attendant
€48,350
€3,300
€51,650

Netjets new TA pay FO yr 1 $69188. - Page 13 - Airline Pilot ...

10 posts - 8 authors - Last post: Nov 27, 2007

I am no expert but this may have something to do with it...
So you are saying the pay is too low, right?:)
 

bunman45

goose
Joined
Dec 19, 2007
Posts
112
Total Time
500000
We have a great guy named Fred over here at Flex. You can have him if you want! Please.....Take him!
 

Diesel

TEB Hilton resident
Joined
Nov 25, 2001
Posts
4,394
Total Time
696969
Additionally, RTS set a good example for other CEOs by working with his labor group, responding with compassion to individual employees in their time of crisis,

Wait what? Are you high? RTS didn't want to work with the unions, never has. He was shown the value of a union, but never embraced it until he was forced to.
 
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