F9 Golden Parachute
May 15, 2008, 4:23 pm
#1
Original Poster
Join Date: Mar 2008
Location: Denver, Colorado
Programs: Specialize in Disneyworld and Disneyland
Posts: 15
F9 Golden Parachute
Executives at F9 have asked everyone to take a paycut, but have set up a hidden golden parachute for themselves for six months in case the company fails.
May 15, 2008, 4:52 pm
#2
Join Date: Aug 1999
Location: Denver,CO, USA
Posts: 846
Yes, Frontier's already below market paid executives, in addition to already taking a 10 % pay cut, will have a six-month severance package if the company tanks. So what? This is complete ........ from the Teamsters Union propaganda machine in support of their attempts to resist the pay cuts already accepted by management, the pilots' and dispatchers' bargaining units, and all other employees. Frontier management has been a model of corporate integrity and shared sacrifice.
May 15, 2008, 9:16 pm
#3
Join Date: Mar 2005
Location: DEN/COS
Programs: CO, HH, LH, F9
Posts: 202
concur
I'll start supporting the Teamsters when they actually care about the working man. The UPS strike in 2004 proved to me they don't. They do care about Tony Soprano and his buddies down at the Bada Bing! The Teamsters are about to learn that Denver can be awfully cold in summer to unions that don't care about their workers. I'll support F9 on this one.
May 16, 2008, 6:36 am
#4
Join Date: Aug 1999
Location: Denver,CO, USA
Posts: 846