tenpoundsofcheese: "because he negotiated it as part of his compensation and the board agreed with it after consulting with third party pay consultants" is a good answer.
ZAZ: Bankruptcy court is not bound by prior negotiations, contracts, solemn vows, or even the opinion of pay consultants.
Duke Phillips' Singing Bears: ZAZ: Bankruptcy court is not bound by prior negotiations, contracts, solemn vows, or even the opinion of pay consultants.Just ask AA's pilots.
Weaver95: Obviously that man needs a tax cut. Can't have $20 million without a tax cut!
Killer Cars: In fairness, there are a lot of knockoffs on the market. To the untrained eye and touch, it's very hard to differentiate between the high quality blue whale foreskin leather, and a cheap replacement such as sloth taint leather, which South American crime orgs flooded into the marketplace during the late 90's.
wingnut396: If he had been paid a reasonable amount for the rare expertise and talent only a CEO of major companies posses, he would have had the non-cracking whale penis foreskin leather.
tenpoundsofcheese: CeroX:There ya go CEO, a company build on the backs of the employees and you "earned" your bonus... the same as everyone else...Are you saying the current employees built the company? I didn't know the company was that new. Looks like they didn't do a very good job at building it since it is in bankruptcy.
DubtodaIll: Aside from allowing yourself to feel morally superior to someone who has been much more successful than you, what's the point of being outraged about the fiscal operations of a corporation? No one is forcing you to use the product so if you don't like the company, don't use them. Use of technological advancements is not a right or a necessity. If the company wants to give this guy 20 million then I don't have a problem with it. He may have done a shiatty job as far as we know but imagine how much he'd get if he had done a better job. If he had produced a product exactly to your liking would 20 million be justified in your eyes? The fact of it is it doesn't need to be justified, it's their money, they can do with it as they please, and they will.
kab: Wow, the CEO ballwasher brigade hit this thread in record time.
HotWingConspiracy: It added that the payments would "motivate a strong management team during the integration process" to make the merger a success.These same people will tell you that increasing pay for the rank and file will make them lazy.
CeroX: 251.74 bonus check to all the employees... is it much? not really. Did they earn it? you bet...
Linux_Yes: Just let them eat Cake!!!and please, U.S. Government, continue to allow the airline companies to merge into each other to create even larger companies and less competition. it can only help.God bless, Uncle Sam.--a Patriotic Amerian.
Linux_Yes: i didn't know Alcoholics Anonymous had pilots. kewl.
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