John Herreshoff said:
flyover,
You raise some good points. You're right, there are some predications that my argument is based on I didn't discuss.
You should check out a book called "Gangs of America." It's a real interesting take on how the modern corporation and their lack of liability is destroying our country. The best part is that it's written by a fairly successful CEO.
I'll put it in line to read. Look I'm probably more anti-capitalist than most people on this forum, including Aloft.
This country was founded on, and it's strength continus to be, free enterprise. Capitalism used to be a dirty word that strictly meant "making money with money". Now that definition has changed to fit the times, just as the definition of democracy has been rewritten so that we now call our system of government a democracy.
Capitalism leads directly to speculation. And it's in that speculative environment that things like CEO pay get out of whack. Keep in mind, very few ALPA pilots were complaining about skyrocketing CEO pay in the 90s while their 401Ks and portfolios were booming.
So I'm no fan of any of this stuff. The airline I worked for was started by an entrepreneur and capitalized by risk taking investors. The further it moved from that the more it lost it's roots. But it took many years to do that, as the shadow of our founder was a long one and some of our original investors stayed around for a long time. They were owners, not speculators, and they took that responsibility seriously.
But finally the employees, including the ALPA leadership, were cheering that the last "home-grown CEO" was out the door and new "smart" leaders were taking the reins. Leaders that knew only one thing for sure, what their compensation package was. It was just a few short years to complete ruin and the end. That's capitalism. Quite distinct from free enterprise, entrepreneurship and ownership.
So I'm with you on all that.