Comments on: Airlines: Wall Street Execs Not Only Ones Raking In The Bucks

By: ECA

ECA — Thu, 26 Nov 2009 11:28:35 +0000

THEN comes the fun part..
CUTTING personnel..

cut a few pilots and what do you have??

1 pilot TRYING to make ends meet..Flying 16-24-26 hours…CRASH!!!

By: Rick Cain

Rick Cain — Thu, 26 Nov 2009 09:08:07 +0000

Well it certainly isn’t pilots raking in the bucks. I work at a desk job and make more money than 90% of the short hop pilots.

By: Troublemaker

Troublemaker — Wed, 25 Nov 2009 08:47:39 +0000

MikeN said, on November 24th, 2009 at 6:48 am

25 top executives receiving 90 million doesn’t seem like very much. Eisner got 203 million at Disney one year.

Disney, unlike the airlines, actually makes a profit.

By: Uncle Patso

Uncle Patso — Wed, 25 Nov 2009 08:46:04 +0000

What is needed is not necessarily government intervention. More stockholder intervention might help, but there are too many “protected” classes of stock, non-voting stocks, etc. There are just too few people who have any say about executive compensation: the executives and their buddy-buddies the boards of directors, many members of which are also executives looking for big paydays of their own. I say, give the unions some say in the matter, as in “we’ll take a ten percent pay cut if you will” and include all bonuses, deferred compensation, travel allowances, low-interest loans, stock options, personal use of company assets or property (cars, jets, vacation spots), membership dues whether professional or otherwise, reserved parking spot, etc., etc., etc.

They tried tying compensation to stock price, but that just led to the myriad pump-and-dump schemes that just (temporarily) inflated the stock prices and led to the downfall of many companies.

It’s kind of nuts to have the market value of an airline company depend on the stock market anyway. What of the physical value of hundreds of jet airliners, each costing more than one hundred million dollars? What of all the valuable real estate and airport gate assignments? There should be a floor to the market capitalization of a company based on what its actual capital equipment could bring on the open market.

All that said, 90 million spread out over that group doesn’t seem as bad as many I’ve heard about. Being in charge of billions of dollars worth of capital equipment and human talent should pay well. $3.6 million per year (average 90 mil/25) is maybe only twice what they’re worth?

By: ECA

ECA — Wed, 25 Nov 2009 07:23:00 +0000

LET THEM DIE..
The gov has given them money TO MANY TIMES..
CUT TOP wages…

By: ECA

ECA — Wed, 25 Nov 2009 07:22:24 +0000

iTS IDiotic what companies are paying IDIOTS.

what makes THOSE jobs more important then THOSE of the FLIGHT LINE and BAGGAGE carriers.
If you pay those on the bottom GOOD wages they get FIRED if they goof up, or steal. THOSe on top dont need to steal, they are given money NOT TO..
IF a WHOLE plane or CARGO/baggage went missing.. they would fire those on the bottom, and it would REALLY mess up reputation of the company. which could hurt them for years. BUT STILL things are lost, and stolen.
Those on the bottom are MORE responsible for the company then THOSE on the top. WHY in hell are those on top making all the money, THAT COULD be put back into the company, AND SAVE IT.
I do not see the WORK those idiots do. IS IT REALLY needed.

By: JimR

JimR — Wed, 25 Nov 2009 03:27:48 +0000

To Nobody, in particular…
That’s the government’s fault for not setting reasonable limits and expectations on what the CEO’s could do with the money. The gov was incredibly negligent IMO.

So no, you can’t go to Fort Knox and take gold unless the government takes you to the vault, opens it up, and then doesn’t even think to watch what you do for a whole month.

Would I blame you if you took some? Not likely.

By: Paul Camp

Paul Camp — Wed, 25 Nov 2009 03:10:43 +0000

You wouldn’t want them to not be able to get the best people, would you?

By: Nobody

Nobody — Wed, 25 Nov 2009 02:00:03 +0000

> so you are in favor of government intervention in private business compensation rates?

No if they don’t receive any government bailout money.
If they take government money and give it straight to the CEO can I just go to Fort Knox and take some for myself?

By: JimR

JimR — Wed, 25 Nov 2009 00:47:16 +0000

#14, Bryan P Carney, so you are in favor of government intervention in private business compensation rates?

By: conrack

conrack — Tue, 24 Nov 2009 23:55:28 +0000

If you average out the low and high income producing years of a 40 year working lifetime and can average $25,000 a year, you just barely make a million dollars. After taxes you live on a little over half of that.

So to pay an Eisner 203 million for one years work is equal to giving THAT ONE PERSON the equivalent value of the 40 year working lifetimes of 203 people, or 8120 years worth of human labor.

I defy anyone trying to tell me that one person is capable of adding that much value to anyone else in just one year and therefore is entitled to such outrageous compensation.

By: Bryan P Carney

Bryan P Carney — Tue, 24 Nov 2009 20:55:47 +0000

#9 That is illogical. “Free Enterprise” isn’t that easily pigeonholed. There is not one flavor. We, in the USA, don’t have what I think you call free enterprise. We have taxes, eminent domain, zoning restrictions, protections from monopolies, OSHA laws, workers’ comp., and on and on.

But you probably don’t think in a manner that allows nuance.

By: ECA

ECA — Tue, 24 Nov 2009 20:35:33 +0000

DELTA..
asked all its employees to take a 10% pay cut for 6 months..
After 6 months, the pay didnt go back up..
But the TOp wage earners, got a bonus..

Stocks USED to be a sign of ownership in the company…NOW you get nothing.
In most cases, you get a SMALL stipend for the USE of your money. LESS, then the interest rate they would be charged by a BANK..
Then the reality of it..THAT you will probably have PROBLEMS getting your money OUT of some of these companies..

By: bobbo, we are all connnected in crime, perversion, and Darwinian Competition

bobbo, we are all connnected in crime, perversion, and Darwinian Competition — Tue, 24 Nov 2009 18:58:28 +0000

Executive compensation should be a multiple of average employee compensation. Easy Peasy.

By: Mr. Fusion

Mr. Fusion — Tue, 24 Nov 2009 18:07:45 +0000

I was wondering how the right wing nuts would spin this. I wasn’t disappointed