Northwest pilots agree to 15% cut.
- Thread starter MikeD
- Start date
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Northwest has also promised $35 million in annual cuts from the airline's salaried employees, including a 23-percent cut for executive management. The change reduces CEO Douglas Steenland's base annual salary from $675,000 to $573,750.
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Hey, maybe an airline management team is figuring out that it's a team effort...
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But the agreement is not yet in effect, which allowed the company to award its top five executives stock grants valued at $4.06 million earlier this week.
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Oops. Spoke too soon.
Northwest has also promised $35 million in annual cuts from the airline's salaried employees, including a 23-percent cut for executive management. The change reduces CEO Douglas Steenland's base annual salary from $675,000 to $573,750.
[/ QUOTE ]
Hey, maybe an airline management team is figuring out that it's a team effort...
[ QUOTE ]
But the agreement is not yet in effect, which allowed the company to award its top five executives stock grants valued at $4.06 million earlier this week.
[/ QUOTE ]
Oops. Spoke too soon.
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Quote:
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But the agreement is not yet in effect, which allowed the company to award its top five executives stock grants valued at $4.06 million earlier this week.
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That's the hook. Give yourself a raise and then take a paycut from the new salary. Which in turn will still leave you with more money than your previous salary.
Them rat b#$(*@#$!!!
Quote:
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But the agreement is not yet in effect, which allowed the company to award its top five executives stock grants valued at $4.06 million earlier this week.
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[/ QUOTE ]
That's the hook. Give yourself a raise and then take a paycut from the new salary. Which in turn will still leave you with more money than your previous salary.
Them rat b#$(*@#$!!!