I'm not big on airline pilots as union; they tend to be in favor of unionization but not the progressive politics that go with them.
But I'm right there with them when it comes to United's pilots calling for CEO Glenn Tilton to give up some of his 10-million dollar compensation package.
This guy is a poster child for the problem with corporate compensation packages. Can anyone name one thing this guy has gotten right? His attempts to merge United with other carriers? His hamfisted attempt to hedge fuel prices...a the top of the oil market? You name it...United is everything that's wrong with the "market."
The pilots say that Tilton should earn his money like everyone else, but that's the thing. In corporate America, we have gotten to a point where the big wigs do NOT have to earn their money. Anymore, it's a scam in which pay is a matter of filling a chair, and even doing a truly lousy job (Hello Carly Fiorina) means nothing when it comes to compensation. You get paid huge bucks no matter what you do. Screw up the commpany? Don't worry, you get millions when you leave.
...unless you're a worker down the food chain. Those poor schlubs are the ones who have to face the facts about the marketplace: "I'm sorry, we have to cut your job; the 'market' demands it."
But that's the thing...the bigwigs (what President Dunderhead Bush called the "haves and have mores") say, "This is all a matter of the market, and the market is never wrong. If I'm getting paid while you're getting the shaft, well that's the market, and the market is never wrong...except when it is, and then we'll be asking for a fucking bailout." Pardon my French, but this is total bullshit.
And it will destroy this country if left unchecked.
So I say, Yes! Mr Tilton is a failure and he shouldn't be rewarded as such.
Monday, September 29, 2008
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment