Air Tindi Layoffs-Unprecedented

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akoch
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Re: Air Tindi Layoffs-Unprecedented

Post by akoch »

NeverBlue wrote: How do you know? Have you ever been a CEO?

Some of them work up to 18 hours a day...every day.
Mmmm.... no, they don't. And the work is not any harder or in fact demanding than many others (leaving out jobs like flipping burgers).
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Colonel Sanders
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Re: Air Tindi Layoffs-Unprecedented

Post by Colonel Sanders »

If it's so easy to be a successful CEO, why
doesn't everyone do it?

The wonderful thing about capitalism is that
if you don't like your current job (eg pilot) then
you are free to do a different one (eg CEO).

Now, who here is forced to be a pilot? Did
someone kidnap your family and tell you that
if they stopped flying, flamethrowers would
be utilized?
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NeverBlue
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Re: Air Tindi Layoffs-Unprecedented

Post by NeverBlue »

Mmmm.... no, they don't. And the work is not any harder or in fact demanding than many others
WOW!



"Ignorance is a state of being uninformed (lack of knowledge)."

"Ignorance can stifle learning, in that a person who falsely believes he or she is knowledgeable will not seek out clarification of his or her beliefs, but rather rely on his or her ignorant position."

"Ignoramus is commonly used in the US, the UK, and Ireland as a term for someone who is willfully ignorant."
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bmc
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Re: Air Tindi Layoffs-Unprecedented

Post by bmc »

akoch wrote:
NeverBlue wrote: How do you know? Have you ever been a CEO?

Some of them work up to 18 hours a day...every day.
Mmmm.... no, they don't. And the work is not any harder or in fact demanding than many others (leaving out jobs like flipping burgers).
This, folks, is a stupid answer.
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coreydotcom
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Re: Air Tindi Layoffs-Unprecedented

Post by coreydotcom »

As The Rock would say: Know your role, Jabroni.

As with every single other company in the world, if you are on salary (or paid per hour, or whatever), no one cares about you. The CEO answers to the Board of Directors who is responsible to ensure that the company is being ran to create the most value to the shareholders.

Pilot = fly the plane
CEO = put people in the plane and make a profit at the end

I would argue the latter is harder, but hey, what do I know.
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Colonel Sanders
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Re: Air Tindi Layoffs-Unprecedented

Post by Colonel Sanders »

the Board of Directors who is responsible to ensure that the company is being ran to create the most value to the shareholders
That's certainly the theory, but unfortunately in
practice, the board of directors often do a truly
rotten job of taking care of the shareholders.

Most human beings are unable to resist the
temptation. Most boards of directors struggle
with a real conflict of interest, and end up
maximizing returns for themselves, instead of
the shareholders. The CEO is of course at the
head of that particular class.
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Shiny Side Up
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Re: Air Tindi Layoffs-Unprecedented

Post by Shiny Side Up »

Welcome to the revolution Comrade Colonel. :wink:
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Re: Air Tindi Layoffs-Unprecedented

Post by Colonel Sanders »

For years I've thought that the peasants are revolting!
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photofly
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Re: Air Tindi Layoffs-Unprecedented

Post by photofly »

Most boards of directors struggle
with a real conflict of interest, and end up
maximizing returns for themselves, instead of
the shareholders.
Which is why large grants of share options to directors are popular with shareholders. It means directors have an interest in seeing the share price rise, which is what the shareholders want.

There's an economic argument for why directors get large package deals (see The Armchair Economist, by Steven Landsburg, for details) and it goes like this:

Shareholders are diversified, and like an element of risktaking by the companies in their portfolios.
Directors, however, are linked to just one company - the one they help run. They're therefore risk averse, since if a project fails they are more likely to find themselves out on their ear. Better for them to play safe.
To encourage risk-taking, shareholders grant generous packages to directors including big golden handshakes. As a director you'll be more likely to engage in risky business deals (that shareholders want) if you know that you'll be well looked after even if the deal or project fails. The cost to the shareholder is a (relatively) small golden handshake payment and the potential return is very large, if the risk-taking pays off.
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trey kule
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Re: Air Tindi Layoffs-Unprecedented

Post by trey kule »

Directors, however, are linked to just one company
I dont think that claim will stand up to scrutiny..Lots and lots of people on the boards of several companies....particualrily the very large companies. Executives pay, which is typically the issue, has some conflict as the people that agree on it are not the shareholdsrs, but generally a group of his buddies who want their turn at the trough. They then contract one of the large accountant firms
to survey the market and determine the correct amount..The results of all these conflicts are evident.
But a deal is a deal. So the cut the fat everywhere argument does not hold water. If they are doing their job they should get paid..If not, then gonzo. But to suggest that they should take, a cut in pay because you feel they make to much, (fat) demonstrates the philosophy of Kandastan. I think most people here understand that.

BTW. Most of these folks are very experienced , and benefit the companies. We unfortunately, only hear about the bad ones. Kind of like assessing every pilot based on media reports of accidents.
The medica wants sensationalism..The gullible dont seem to understand that there are many many corporations, even on Bay street, that run very properly in terms of compensatin.

And yes CS, I too have noticed the peasants are revolting..lol
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akoch
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Re: Air Tindi Layoffs-Unprecedented

Post by akoch »

NeverBlue wrote:
Mmmm.... no, they don't. And the work is not any harder or in fact demanding than many others
WOW!



"Ignorance is a state of being uninformed (lack of knowledge)."

"Ignorance can stifle learning, in that a person who falsely believes he or she is knowledgeable will not seek out clarification of his or her beliefs, but rather rely on his or her ignorant position."

"Ignoramus is commonly used in the US, the UK, and Ireland as a term for someone who is willfully ignorant."
Thank you NeverBlue and BMS. I had a good chuckle.

Let me just say one thing in response... Unfortunately I am not lucky to be a professional pilot, so as my day job I do something else. If it gives you a clue.
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photofly
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Re: Air Tindi Layoffs-Unprecedented

Post by photofly »

trey kule wrote:Lots and lots of people on the boards of several companies....
I think we need to distinguish between executive directors who work full time for a single company, and non-execs who supervise and oversee. The complaints about fat-cat salaries are for the executive directors. The non-execs get much less; they might only be paid for one day per month, at each of several companies.
-Dave Jennings, President and CEO: $902,488
-Andy Min, VP and CFO: $365,066
-Paul Bouchard, Executive VP Business Development: $513,327
-Didier Toussaint, Group President Government Services: $512,927
-Adam Bembridge, Group President Northern Services: $482,132
These are all executive positions, and the men who hold them are employed exclusively by the one company. The shareholders therefore have an interest to make them feel secure enough to take risks which they can encourage by giving generous rewards and good severance deals.

It's not a moral argument, merely an economic one. But economics trumps morals pretty much everywhere.
If they are doing their job they should get paid..If not, then gonzo.
That's kind of the point here: if they get gonzo for poor performance then they have every reason to strive for the mediocre - to turn in results just good enough to pass. The shareholders are looking for risks - and they need to encourage the directors to take those risks by reducing their personal exposures if they fail.
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Prairie Chicken
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Re: Air Tindi Layoffs-Unprecedented

Post by Prairie Chicken »

I'm a bit reluctant to enter this swamp, but can anyone tell me how deep the cuts were? How many & what crews were affected?
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Kestral
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Re: Air Tindi Layoffs-Unprecedented

Post by Kestral »

I believe that is was some rotational Twin Otter Captains as well as rampie's with some FO's moving to the ramp. Not sure of the numbers though.
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thatlowtimer
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Re: Air Tindi Layoffs-Unprecedented

Post by thatlowtimer »

My friend who works there has said that one captain got das boot (dhc 6) as well as all but one f.o. I believe that means 7-9 co pilots. Co pilots were offered the ramp or dispatch or things of that nature. Is ledcor doing the same?
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Re: Air Tindi Layoffs-Unprecedented

Post by Prairie Chicken »

Tx for the replies guys.
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Kosiw
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Re: Air Tindi Layoffs-Unprecedented

Post by Kosiw »

Have things improved at DA since last fall/winter.....seems they are in hiring mode again, and they just picked up their fifth Dash 7.
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Re: Air Tindi Layoffs-Unprecedented

Post by daedalusx »

Kosiw wrote:Have things improved at DA since last fall/winter......
NO!
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dhc#
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Re: Air Tindi Layoffs-Unprecedented

Post by dhc# »

With spring upon us, are things at Tindi getting busy, and have they hired back those laid off last year ?
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Wally3Wheels
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Re: Air Tindi Layoffs-Unprecedented

Post by Wally3Wheels »

All pilots were called back in March and 2 or 3 additional are being training at this time. All but one DH6 has been back in the air since early April.
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Meatservo
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Re: Air Tindi Layoffs-Unprecedented

Post by Meatservo »

I wouldn't go back to an outfit that laid me off unless I had no other choice, personally.
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dhc#
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Re: Air Tindi Layoffs-Unprecedented

Post by dhc# »

Haven't heard much lately about Tindi, whats the situation there these days ?
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daedalusx
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Re: Air Tindi Layoffs-Unprecedented

Post by daedalusx »

Seasonal layoff on the DHC6...
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Re: Air Tindi Layoffs-Unprecedented

Post by dhc# »

How is the -7 operation going, are they kept busy through the winter ?
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Re: Air Tindi Layoffs-Unprecedented

Post by lionheart27 »

Meatservo wrote:I wouldn't go back to an outfit that laid me off unless I had no other choice, personally.
Is this the general consensus or as no doubt an individual opinion? Establish vs re-establish, Senority vs experience

As I understood this from people there and used to work there this was a cleaning house or better term readjustment of house.
Ops of 25yrs+ out and a former Ken Borek in. There must have been some table slams at some point during those meetings.

Its a volatile business we're in my friend!
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