Originally posted by Aussie Pete
Wisdom my son, wisdom. Like for example maintenance workers at one of our airlines. Some of them (fully qualified) are being paid as little as $400 per week GROSS before shifts etc. Tell me a pay rise is going to cost stuff all of nothing. But no, let's scr3w the workers over, make them unhappy, and if they don't like it they can p!ss off and we'll get new grunts to replace them. New ones that take a good five years to come up to basic speed (planes are complex things), and we have to train up in the bargain.
AP shakes head..........
Execs claim to deserve their huge pay based on company success, but as a shareholder in a few companies I want them accountable for their stuff ups too - not get the money anyhow!
Sorry to have to disagree, old sport, but you're missing the point.
The airline, and all other, senior execs are entitled to lots and lots of money.
For example, planes don't just fall out the sky, you know. Lots of things can contribute to it. Cheap or extended service parts used to cut maintenance costs. Inadequately trained or supervised workers used to cut labour costs. Workers working under excessive pressure to reduce turnarounds and cut labour costs. Shortcuts. Oversights on maintenance bulletins because of labour shortages and excessive pressure. Also pilot error.
These things all happen as a result of management decisions. Except pilot error, which is the pilot's fault, as in when the stabiliser falls off the plane because of failure caused by one of the above, it's the pilot's fault for purposely landing it on houses rather than calmly returning an otherwise perfectly serviceable plane to the airport.
When the accusations and inquiries start after these sorts of events, do you have any idea just how stressful it is, and how much skill is required, for the big bananas to conceal the real causes; shift the blame; demonstate that it was really pilot error (or maybe the manufacturer's or regulator's fault for not making sure that the airline informed its own pilots of the manufacturer's bulletin 18 months earlier entitled "How not to lose your stabiliser"); try to convice the plaintiff survivors of the deceased passengers that they'd all died of food poisoning before the plane hit the ground so they should be suing the contract caterers anyway; and then convince the board that all that stress and demonstrated skill means at least another 30% salary increase next year, plus heaps more share options and even tighter golden handcuffs?
The principle applies in all industries. These people are priceless.