PNCL Files Chapter 11
04-02-2012, 09:43 AM
#211
Gets Weekends Off
Joined APC: Dec 2007
Posts: 125
In some countries the CEO of an organization going through bankruptcy who just took a massive raise would commit suicide over the shame. It is not that all uncommon. Menke does it with a smile on his face - while telling jokes during the employee QA session.
04-02-2012, 09:46 AM
#212
Line Holder
Joined APC: Mar 2012
Posts: 42
Ok, so let me get this straight...SM was completely unaware of the problems at Pinnacle prior to signing on as CEO? This man has several degrees as well as prior experience as a CEO. He must not have bothered to even google it then, because the writing was on the wall as early as last year with the SEC financial reports and with PT leaving. A simple google search would have shown that PT did the same to his last airline, Lone Star. He left them one year prior to their bankruptcy as well. The airline had grown too quickly, without developing the proper infrastructure to maintain it...sound familiar?
So, SM, you took the job without doing your due diligence in ascertaining what you are getting yourself into. You sailed through the first six months of your employment with zero knowledge of what the company was about or its prospectus in the long term, and (if I heard this correctly on the call) only began to realize that there was a problem with the contracts when your RFP for MORE flying that you couldn't handle was denied. Then, you started to sound the alarm and attempt to scare people in to wage concessions to save an airline that was gone long before you or most of them ever came along. Bankruptcy was inevitable due to a crappy business plan that was being executed poorly.
But that's not your fault now is it, SM? Don't forget to hit up the BOD for a 59 percent raise. You deserve it. It's been so very hard on your family (insert tears for dramatic effect) for you to DO YOUR JOB.
Did any of you guys wake up one day and say, hey...let me go and spend $100,000 on flight school so that I can one day make less than a city bus driver, live on food stamps, and sleep in the crew room? Is it everything you thought it would be? Where are your raises?
SM, if this is harder than you thought it would be and you didn't really expect to go into bankruptcy, then you have no business being a CEO. At that point, you are a sucker because you are the only one that didn't know. PT and the rest laughed all the way to the bank.
As a former employee, I am not in the least surprised. I am, however, extraordinarily disgusted with the level of greed displayed by these individuals. The labor groups being flatly disregarded right now are the only reason the wheels didn't fall off this bus long ago. All labor groups have gone above and beyond to show good faith to that company. Only after being slapped in the face repeatedly did they reach a point at which they would take no more. I am glad to see that the wage concessions didn't go through. As many have said, it wouldn't have made one bit of difference as to whether the company went bankrupt or not, though SM did make sure to blame you several times over the course of the call.
Unfortunately, regardless of the supposed intention to maintain the labor agreements, they will very likely be rejected in bankruptcy court. How will the company afford to re-train all of the prop pilots in accordance with the seniority based furloughs? You would be letting jet trained pilots go in favor or prop guys who will still have to complete initial training. Sorry guys, I don't see it happening. How many times have you been hosed by this company? Why change up now?
End rant.
Of course, all of this is simply my opinion and pure speculation. I hope none of it's true and that you all get treated with the respect that you deserve. I sincerely do.
I wish all of you guys the best of luck. Stay strong and be safe.
So, SM, you took the job without doing your due diligence in ascertaining what you are getting yourself into. You sailed through the first six months of your employment with zero knowledge of what the company was about or its prospectus in the long term, and (if I heard this correctly on the call) only began to realize that there was a problem with the contracts when your RFP for MORE flying that you couldn't handle was denied. Then, you started to sound the alarm and attempt to scare people in to wage concessions to save an airline that was gone long before you or most of them ever came along. Bankruptcy was inevitable due to a crappy business plan that was being executed poorly.
But that's not your fault now is it, SM? Don't forget to hit up the BOD for a 59 percent raise. You deserve it. It's been so very hard on your family (insert tears for dramatic effect) for you to DO YOUR JOB.
Did any of you guys wake up one day and say, hey...let me go and spend $100,000 on flight school so that I can one day make less than a city bus driver, live on food stamps, and sleep in the crew room? Is it everything you thought it would be? Where are your raises?
SM, if this is harder than you thought it would be and you didn't really expect to go into bankruptcy, then you have no business being a CEO. At that point, you are a sucker because you are the only one that didn't know. PT and the rest laughed all the way to the bank.
As a former employee, I am not in the least surprised. I am, however, extraordinarily disgusted with the level of greed displayed by these individuals. The labor groups being flatly disregarded right now are the only reason the wheels didn't fall off this bus long ago. All labor groups have gone above and beyond to show good faith to that company. Only after being slapped in the face repeatedly did they reach a point at which they would take no more. I am glad to see that the wage concessions didn't go through. As many have said, it wouldn't have made one bit of difference as to whether the company went bankrupt or not, though SM did make sure to blame you several times over the course of the call.
Unfortunately, regardless of the supposed intention to maintain the labor agreements, they will very likely be rejected in bankruptcy court. How will the company afford to re-train all of the prop pilots in accordance with the seniority based furloughs? You would be letting jet trained pilots go in favor or prop guys who will still have to complete initial training. Sorry guys, I don't see it happening. How many times have you been hosed by this company? Why change up now?
End rant.
Of course, all of this is simply my opinion and pure speculation. I hope none of it's true and that you all get treated with the respect that you deserve. I sincerely do.
I wish all of you guys the best of luck. Stay strong and be safe.
04-02-2012, 09:47 AM
#213
Gets Weekends Off
Joined APC: Nov 2011
Posts: 140
Last time I checked, Im not married to a Colgan/Pinnacle FA... I still have my bills to pay and not theirs.
04-02-2012, 09:52 AM
#215
Banned
Joined APC: Jul 2011
Posts: 175
Ok, so let me get this straight...SM was completely unaware of the problems at Pinnacle prior to signing on as CEO? This man has several degrees as well as prior experience as a CEO. He must not have bothered to even google it then, because the writing was on the wall as early as last year with the SEC financial reports and with PT leaving. A simple google search would have shown that PT did the same to his last airline, Lone Star. He left them one year prior to their bankruptcy as well. The airline had grown too quickly, without developing the proper infrastructure to maintain it...sound familiar?
So, SM, you took the job without doing your due diligence in ascertaining what you are getting yourself into. You sailed through the first six months of your employment with zero knowledge of what the company was about or its prospectus in the long term, and (if I heard this correctly on the call) only began to realize that there was a problem with the contracts when your RFP for MORE flying that you couldn't handle was denied. Then, you started to sound the alarm and attempt to scare people in to wage concessions to save an airline that was gone long before you or most of them ever came along. Bankruptcy was inevitable due to a crappy business plan that was being executed poorly.
But that's not your fault now is it, SM? Don't forget to hit up the BOD for a 59 percent raise. You deserve it. It's been so very hard on your family (insert tears for dramatic effect) for you to DO YOUR JOB.
Did any of you guys wake up one day and say, hey...let me go and spend $100,000 on flight school so that I can one day make less than a city bus driver, live on food stamps, and sleep in the crew room? Is it everything you thought it would be? Where are your raises?
SM, if this is harder than you thought it would be and you didn't really expect to go into bankruptcy, then you have no business being a CEO. At that point, you are a sucker because you are the only one that didn't know. PT and the rest laughed all the way to the bank.
As a former employee, I am not in the least surprised. I am, however, extraordinarily disgusted with the level of greed displayed by these individuals. The labor groups being flatly disregarded right now are the only reason the wheels didn't fall off this bus long ago. All labor groups have gone above and beyond to show good faith to that company. Only after being slapped in the face repeatedly did they reach a point at which they would take no more. I am glad to see that the wage concessions didn't go through. As many have said, it wouldn't have made one bit of difference as to whether the company went bankrupt or not, though SM did make sure to blame you several times over the course of the call.
Unfortunately, regardless of the supposed intention to maintain the labor agreements, they will very likely be rejected in bankruptcy court. How will the company afford to re-train all of the prop pilots in accordance with the seniority based furloughs? You would be letting jet trained pilots go in favor or prop guys who will still have to complete initial training. Sorry guys, I don't see it happening. How many times have you been hosed by this company? Why change up now?
End rant.
Of course, all of this is simply my opinion and pure speculation. I hope none of it's true and that you all get treated with the respect that you deserve. I sincerely do.
I wish all of you guys the best of luck. Stay strong and be safe.
So, SM, you took the job without doing your due diligence in ascertaining what you are getting yourself into. You sailed through the first six months of your employment with zero knowledge of what the company was about or its prospectus in the long term, and (if I heard this correctly on the call) only began to realize that there was a problem with the contracts when your RFP for MORE flying that you couldn't handle was denied. Then, you started to sound the alarm and attempt to scare people in to wage concessions to save an airline that was gone long before you or most of them ever came along. Bankruptcy was inevitable due to a crappy business plan that was being executed poorly.
But that's not your fault now is it, SM? Don't forget to hit up the BOD for a 59 percent raise. You deserve it. It's been so very hard on your family (insert tears for dramatic effect) for you to DO YOUR JOB.
Did any of you guys wake up one day and say, hey...let me go and spend $100,000 on flight school so that I can one day make less than a city bus driver, live on food stamps, and sleep in the crew room? Is it everything you thought it would be? Where are your raises?
SM, if this is harder than you thought it would be and you didn't really expect to go into bankruptcy, then you have no business being a CEO. At that point, you are a sucker because you are the only one that didn't know. PT and the rest laughed all the way to the bank.
As a former employee, I am not in the least surprised. I am, however, extraordinarily disgusted with the level of greed displayed by these individuals. The labor groups being flatly disregarded right now are the only reason the wheels didn't fall off this bus long ago. All labor groups have gone above and beyond to show good faith to that company. Only after being slapped in the face repeatedly did they reach a point at which they would take no more. I am glad to see that the wage concessions didn't go through. As many have said, it wouldn't have made one bit of difference as to whether the company went bankrupt or not, though SM did make sure to blame you several times over the course of the call.
Unfortunately, regardless of the supposed intention to maintain the labor agreements, they will very likely be rejected in bankruptcy court. How will the company afford to re-train all of the prop pilots in accordance with the seniority based furloughs? You would be letting jet trained pilots go in favor or prop guys who will still have to complete initial training. Sorry guys, I don't see it happening. How many times have you been hosed by this company? Why change up now?
End rant.
Of course, all of this is simply my opinion and pure speculation. I hope none of it's true and that you all get treated with the respect that you deserve. I sincerely do.
I wish all of you guys the best of luck. Stay strong and be safe.
And how many of you regional guys did the EXACT same thing? You get on with a regional thinking it's cool to be an "airline" pilots and fly jets. With the internet and forums like these, it's impossible to not know how bad the regionals DO suck. So you for to take the job knowing it's going to suck then a few months later have some type of epiphany that they really do suck is comical.
04-02-2012, 09:55 AM
#216
Gets Weekends Off
Joined APC: Dec 2005
Posts: 8,920
Right?
04-02-2012, 09:57 AM
#217
Gets Weekends Off
Joined APC: Nov 2005
Posts: 1,425
And how many of you regional guys did the EXACT same thing? You get on with a regional thinking it's cool to be an "airline" pilots and fly jets. With the internet and forums like these, it's impossible to not know how bad the regionals DO suck. So you for to take the job knowing it's going to suck then a few months later have some type of epiphany that they really do suck is comical.
04-02-2012, 10:00 AM
#218
Gets Weekends Off
Joined APC: Sep 2009
Position: B737 F/O
Posts: 425
And how many of you regional guys did the EXACT same thing? You get on with a regional thinking it's cool to be an "airline" pilots and fly jets. With the internet and forums like these, it's impossible to not know how bad the regionals DO suck. So you for to take the job knowing it's going to suck then a few months later have some type of epiphany that they really do suck is comical.
God bless all of you at 9L/9E/XJ.
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