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#121
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I"m not sure what employees have to do with it. The purpose of the
company is to return value to the shareholders. The shareholders are singularly responsible for ensuring that they get the most bang for buck with their CEO (just like you do with your pool boy). The shareholders write the CEOs pay check, not the employees. I have never read a company's mission statement that said, "The purpose of this company is to provide employement". How would invest their hard earned money in that? Anytime you have a pension you must always understand that it is only good until the company declares bankruptcy. That is why God invented 401ks. -Robert |
#122
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Pretty hard for individual investors to have any say in these matters
these days. In theory yes, but the real power is with the intitutional investors who have their own agenda. -Jim |
#123
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Garner Miller wrote:
In article , Matt Barrow wrote: You proved my point. Of all the captains at Delta, for example, how many have been there 30 years? And how many are on the 777? Far, far fewer than the entire pilot pool, I assure you. His numbers are a hell of a lot closer than yours were, and he qualified his statements. Fine. A first-year pilot at Continental makes $25,900. UPS, $26,200. United, $23,400. At Delta, $43,600. And surprise, Southwest comes out ON TOP in first-year pay, at $44,900. And the 10-year captain at Southwest? $166,000 -- *more* than the 10-year 737 captain at Delta makes. However, it really is the cost per passenger flown that makes the biggest difference and the data that another poster provided shows that Southwest is in much better shape in this regard, apparently largely due to their pilots flying much more hours per month for their salary. The thousands upon thousands of them on furlough are making exactly $0, so make sure you factor that into your average. That's a very real risk in this industry. Combine that with the mandatory age-60 retirement, and there really aren't that many years where you're making the kind of money you guys keep -- to use your word -- "spewing." Yes, those are risks, but they are hardly unique to pilots. Layoffs are common in many other industries. Few have legally mandated retirements, however, most large companies now strongly encourage retirements by employees starting at 55. Sure, the employees don't HAVE to retire, but it often is pretty much made clear that you don't want to say no. Matt |
#124
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"Garner Miller" wrote in message ... In article , Matt Barrow wrote: You proved my point. Of all the captains at Delta, for example, how many have been there 30 years? And how many are on the 777? Far, far fewer than the entire pilot pool, I assure you. His numbers are a hell of a lot closer than yours were, and he qualified his statements. Fine. A first-year pilot at Continental makes $25,900. UPS, $26,200. United, $23,400. At Delta, $43,600. And surprise, Southwest comes out ON TOP in first-year pay, at $44,900. And the 10-year captain at Southwest? $166,000 -- *more* than the 10-year 737 captain at Delta makes. And that Southwest pilot probably flies twice as many hours per month. You are going to have to look long and hard for sympathy for pilots working for the majors. The thousands upon thousands of them on furlough are making exactly $0, so make sure you factor that into your average. That's a very real risk in this industry. As it is in any industry. Nice try but no bannana. |
#125
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On Mon, 16 May 2005 00:37:58 GMT, Garner Miller
wrote: The rest of us are away from home 400 hours a month (compared to your typical nine-to-five gone less than half of that), and dreaming of the day we hit the six-figure mark. Break that 400 hours down for me -- Commuting because you don't want to live at your base = ???hrs Sleeping in a crash pad for the same reason = ???hrs Actual duty time = ???hrs Actual flight time = ???hrs Number of days off per month = ??? Six pilots earning $250K = that same retirement you are bitching about for the executive. How many at United are earning that? I don't want to hear about the age 60 retirement either. United and American unions have kept that in place for the young guys coming up. The Union's are focused on protecting the lowest common denominator instead of the welfare of the best and brightest. Only Southwest and their union have come out in favor of flying past 60. Posted Via Usenet.com Premium Usenet Newsgroup Services ---------------------------------------------------------- ** SPEED ** RETENTION ** COMPLETION ** ANONYMITY ** ---------------------------------------------------------- http://www.usenet.com |
#126
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The intitutional investors are the best cops. They are rated on one and
only one thing, value returned. No one reads a fund portfolio and looks at what a nice guy the fund manager is.The fund manager is graded on one and only one thing, how well he returns money to his investors. The fund managers will not allow the board to pay any more for a CEO than they need to because it directly impacts the fund manager's own bottom line. CEOs are like point guards. There are few of them out there that can do a good job and when you find a good one you have to compete against other companies to recruit them. -Robert |
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