Spirit of NKS, Part IV
02-13-2017, 03:08 AM
#211
Gets Weekends Off
Joined APC: Dec 2014
Posts: 680
you guys do realize in business its the owners of a business who are entitled to profits first right? employees can always complain but the thats how business works. The board of directors represents the owners (shareholders) and have a fiduciary obligation to get them a return on their investment. the only fiduciary obligation they have to us is to pay us what the agreed upon pay rate is. From pilots down to contractors. Also, insiders and top 5% shareholders only account for .3% of the outstanding shares. Institutional investors, mutual funds, state pensions funds, etc, own over 97% outstanding shares.
When we get a raise it'll be a combination of things. Markets, attrition, lack of applicants, etc... and we will get one and deserve one. But to say they should pay us before the owners because we just want more pay and think we deserve it more than any other group isnt how business works. I can almost here the owners saying the same thing "theres almost a billion dollars in the bank and they are giving the pilots more money instead of paying me?!?! the very person who invested in this company, ***"
Just how it works, when there are profits to be either spent or reinvested, it goes to owners before employees...
When we get a raise it'll be a combination of things. Markets, attrition, lack of applicants, etc... and we will get one and deserve one. But to say they should pay us before the owners because we just want more pay and think we deserve it more than any other group isnt how business works. I can almost here the owners saying the same thing "theres almost a billion dollars in the bank and they are giving the pilots more money instead of paying me?!?! the very person who invested in this company, ***"
Just how it works, when there are profits to be either spent or reinvested, it goes to owners before employees...
02-13-2017, 03:28 AM
#212
Gets Weekends Off
Joined APC: Jan 2016
Posts: 170
Of course the last time I raised something remotely controversial with the negotiating committee response was less than cordial. I was asked if I was high and I was told I (they) don't have time ror this @hit.
02-13-2017, 07:24 AM
#215
Gets Weekends Off
Joined APC: Jan 2016
Posts: 134
You guys do realize in business it's the owners of a business who are entitled to profits first, right? Employees can always complain, but the that's how business works. The board of directors represents the owners (shareholders) and have a fiduciary obligation to get them a return on their investment. The only fiduciary obligation they have to us is to pay us what the agreed upon pay rate is. From pilots down to contractors. Also, insiders and top 5% shareholders only account for .3% of the outstanding shares. Institutional investors, mutual funds, state pensions funds, etc, own over 97% outstanding shares.
When we get a raise it'll be a combination of things. Markets, attrition, lack of applicants, etc... and we will get one and deserve one. But to say they should pay us before the owners because we just want more pay and think we deserve it more than any other group isn't how business works. I can almost hear the owners saying the same thing "there's almost a billion dollars in the bank and they are giving the pilots more money instead of paying me? The very person who invested in this company, ***"
Just how it works, when there are profits to be either spent or reinvested, it goes to owners before employees...
When we get a raise it'll be a combination of things. Markets, attrition, lack of applicants, etc... and we will get one and deserve one. But to say they should pay us before the owners because we just want more pay and think we deserve it more than any other group isn't how business works. I can almost hear the owners saying the same thing "there's almost a billion dollars in the bank and they are giving the pilots more money instead of paying me? The very person who invested in this company, ***"
Just how it works, when there are profits to be either spent or reinvested, it goes to owners before employees...
02-13-2017, 08:31 AM
#216
Gets Weekends Off
Joined APC: May 2015
Posts: 468
You make some very good points. Hopefully, we will see some major improvements in our next contract to ensure that we will be compensated fairly for our hard work and contributions to the success of this airline. That way, our efforts will be rewarded BEFORE the company decides to blow another $100,000,000 on rewards for themselves and their investors.
Thank you for correcting my grammar. It has always been an issue, my mother would be so happy with you!!
We can say $100,000,000 might be a waste. I suspect they would say it is money well spent. Around and around we go. I also suspect if you had 5 million shares you would think the buy back of stock would be a good move. We are worried about our bottom line, and they are worried about theirs. That is how public corporations in this country are set up. We may not like it but the board answers directly to those folks and not us. Im tired of waiting on a contract and frustrated, and I have been picketing, and doing my little part to push this along. It is what it is as they say. In the words of the great Van Wilder, "worrying is like a rocking chair, it gives you something to do, but it doesn't get you anywhere" External forces will eventually force them to pony up and I think that time is staring to get close. We shall see
02-13-2017, 01:36 PM
#217
Gets Weekends Off
Joined APC: Nov 2015
Posts: 194
you guys do realize in business its the owners of a business who are entitled to profits first right? employees can always complain but the thats how business works. The board of directors represents the owners (shareholders) and have a fiduciary obligation to get them a return on their investment. the only fiduciary obligation they have to us is to pay us what the agreed upon pay rate is. From pilots down to contractors. Also, insiders and top 5% shareholders only account for .3% of the outstanding shares. Institutional investors, mutual funds, state pensions funds, etc, own over 97% outstanding shares.
Just how it works, when there are profits to be either spent or reinvested, it goes to owners before employees...
Just how it works, when there are profits to be either spent or reinvested, it goes to owners before employees...
We just want a standard plan where a percentage of profits is doled out to pilots. I think 15% is customary.
02-13-2017, 05:58 PM
#218
Gets Weekends Off
Joined APC: Jun 2010
Posts: 1,577
We don't want to participate in the profits of the company MORE than the execs. We we want is what is industry standard. Before my day, company-provided health care benefits did not exist. It started being offered to lure employees. Now it is standard. Imagine if Spirit were the only airline not offering health care benefits. You would be demanding it, right?
We just want a standard plan where a percentage of profits is doled out to pilots. I think 15% is customary.
We just want a standard plan where a percentage of profits is doled out to pilots. I think 15% is customary.
02-14-2017, 04:59 AM
#220
Gets Weekends Off
Joined APC: Sep 2005
Position: A320 Captain
Posts: 1,114
Hopefully for the mco guys it does open up. I didn't hear 60 flights but one of our jumpseaters knows the gate agents well and there is talk of more flights.
Last edited by dn_wisconsin; 02-14-2017 at 05:38 AM.
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