Bede
That was a great post. A good debate without being argumentative is refreshing. To play devils' advocate however, how does a CEO who bankrupts a company, gives its' creditors and employees a haircut, all the while stuffing his own pockets with cash, justify his existence or value to the company?
There was once a time when these guys were indeed responsible, not only to the shareholder but to the company, its' employees and its' legacy. Shareholders today can easily be bought off ( as ACE has demonstrated ) and tend not to look beyond next week. As you have already implied, employees are seen as nothing more than a liability.
The way I see it, one can sit back and do nothing, or stand up for what one believes in, whether that be a salary raise or any other value you hold close.
I make less money today as an EMJ Captain than I did 7 years ago as a DC9 Captain. How about AC management? Do you think they are making less?
People say that the airline industry has changed and the previous model is broken. Well, if that were indeed true, executive salaries would not be at record highs. This only proves that the money is obviously still there, perhaps it is about time that Pilots claim some of it back.
I will never forget the front page of USA Today which reported the Northwest Pilot group taking a 39% pay cut due to Northwest Airlines being insolvent and on the same page, they also reported the bonuses that were given to Northwest management on the same day! Straight from one pocket into another. That pretty much sums up the "new aviation model".
My opinion anyway.
Cheers
