QA CEO on Bloomberg regarding IATA EXC. PAY

[devilavocado]

2 days ago on Bloomberg, Qatar Airways CEO raised very interesting question: nobody knows salaries of 3 top execurives in IATA and that public must be informed about that. I believe that is very important point and I am waiting for further development.

Devil

[isis.]

Qatar Airways' Al Baker on Growth Outlook, IPO - Video - Bloomberg (http://www.bloomberg.com/video/71138332/)

[indianace]

a very interesting and factual interview...keep it up MR.CEO...

[atuk]

well said...:D:D

[ExXB]

Top three executives?

AFAIK there is the DG (actually two of them, Bisignani leaves in October and Tyler has just started).

Then there are five senior VPs - Tom Windmuller (Member relations), Gûnther Matschnigg (Safety, Operations and Infrastructure), Mark Hubble (Marketing and Commercial), Aleks Popovich (Distribution and Financial) and Ayaz Hussain (Corporate Services)

DG had/has six other direct reports - HR guy, Senior lawyer, Internal audit, Communications, Economist and Environment guy.

All the above available on their web-site.

So if your looking for the top guys, I would say it would be either six or 12. All of these, except Hubble, are based in Geneva and will be earning Swiss Francs. Seeing as it has appreciated almost 50% against dollar in last five years any direct comparison to anybody else's currency is going to be misleading.

I'd guess that the new DG's salary is going to be comparable to what a successful airline CEO would earn as he was one after all.

I'd also suspect that their salaries aren't going to be that informative - you need to include their total compensation - car, house, bonuses, etc. Especially the bonuses.

[CRUIZE]

I like this guy hope he buys gulf air and oman air

[Kapitanleutnant]

Cruize...

With the buying spree he's been on lately, it's certainly VERY possible!!!

Kap

[shemaid]

I like this guy hope he buys gulf air and oman air Be careful what you wish for!

Ha ha ha... listen to my beloved boss!
"I", "me" and "myself"!
The interview is so full of himself!
:D

[Brian Cohen]

I like this guy hope he buys gulf air and oman air

Hopefully none of the above especially because of their country instability!

But we like rumors saying he's interested in buying part of Virgin Atlantic!

[indianace]

well...u cant please everyone but he is straight to the point and factual on what he says....1) iata is not transparent
2) europe/us airlines are still getting support from their goverment so why not the rest of the world ( either directly or indirectly )
3) ipo is up to the company owner
4) open skies should be practised as preached.

whatever said..he has been managing QR well and has displayed this airline from nothing to a worlds best....WELL DONE MR.CEO..
everyone has a different management skills...and his has been proven to be reliable and works well with qr...no bashing please..just my view.

[devilavocado]

What Giovani Bisignani did for the airlines?Anybody knows?
I will appreciate answer very much,thank you.

Is it normal to be paid milions (euros) for doing nothing?:=

[RevMan2]

Apart from forcing the industry to implement e-ticketing and being the most effective lobbyist IATA has had...not much really

[newday]

IATA (http://www.centreforaviation.com/profiles/industry-associations/iata) on 03-Dec-2010 announced that its Board of Governors has selected Tony Tyler, CEO of Cathay Pacific (http://www.centreforaviation.com/profiles/airlines/cathay-pacific-airways-cx), in a unanimous decision to fill the post of IATA Director General and CEO following the retirement of Giovanni Bisignani next year. It would have been difficult for the Board to ignore the importance of Asia in the industry's future and Mr Tyler is undoubtedly highly credentialled to provide the organisation with the regional expertise and industry skills for the coming years.
The Board will recommend Mr Tyler’s appointment to IATA’s AGM planned for 6-8-Jun-2011. Mr Tyler’s duties as the Association’s head are scheduled to commence on 01-Jul-2011. Mr Bisignani, a former CEO of Alitalia (http://www.centreforaviation.com/profiles/airlines/alitalia-az), is the fifth IATA Director General and CEO since its founding in 1945. Mr Bisignani has been in the position since 2002.

[moon11]

From Cargonews Asia:

Hong Kong-based Cathay Pacific and four other airlines have been fined a total US$504 million for conspiring to fix air cargo prices.

The US Department of Justice (DOJ) said Cathay Pacific Airways, Air France, KLM Royal Dutch Airlines, Martinair and SAS Cargo held meetings between 2001 and 2006 aimed at suppressing and eliminating competition by fixing the cargo rates charged to customers for international air shipments.

"This was something that was a very concerted long-term practice," said Kevin O'Connor, the DOJ's associate attorney general.

The companies, which the DOJ said are co-operating with its ongoing investigation, are charged with price fixing in violation of the Sherman Act.

"The air cargo conspirators artificially raised the prices paid to ship billions of dollars of goods," said Scott Hammond, deputy assistant attorney general in charge of criminal enforcement for the DOJ's anti-trust division. "American businesses and consumers ended up picking up the tab."

Statement from Tony Tyler:
Unfortunately, some of our actions relating to shipments from Hong Kong to the United States were in conflict with US anti-trust laws, said CEO Tony Tyler, after Cathay agreed to pay a US$60 million fine for conspiring to fix air cargo prices.

[devilavocado]

Tony Tyler was paid 1,000,000 Euros (ONE MILLION) in Cathay (per year).
I wonder,what will be his pay in IATA???
He is not going there to have pay cut for sure.

[newday]

Cathay pacific was fined because of price fixing and Tony Tyler,new IATA DG was at that time CEO. Very interesting.
TT reminds me of a story about fox taking care of chicken.
After corruption scandal in FIFA I see another one in the making.

[sheikmyarse]

QR is mainly profiting, as any other ME airline, of the total lack of civilization, lack of social repsonsability and by a temporary convergence of factor ( availability of gas, oil, abesence of whatsoever form of legality accountability and transparency) Many of your fellows citizens of India are laboring under the scorching sun for peanuts? How do you feel about that? Ah..may be you hold a british passport...fokker.

[R6DXB]

QR is mainly profiting, as any other ME airline
Well, at least they made some profit....not like EY :}

[indianace]

dear sheik..not going to get involved in bashing...i am here for matured civilised conversation...thanks for your time.

[devilavocado]

Mr. CEO, I have an idea:

let's paint all QA airplanes with this logo:
What is your IATA salary Mr. Tony T. ?

Any better idea?

[airwjo]

Well guys,

CEO good or bad, everybody has his own point about him

Am asking all one question: what is transparent in QR or whole Qatar and are they a state airline or not, where money plays no or or a minor role

With cheap labour u can make profits as well, no social plans to pay no taxes

Think about this before anybody starts saying anything about other than ME airlines

And if the CEO complains about something, so I want to know his salary, I want to know the whole story behind QR, who is giving the money to whom and how much

Tks

[indianace]

just for info guys...
QR is still very much a privately owned company with vast interest from the state goverment..which means like you are running your own privete business but with help from your family members.so..where then money comes or goes OR how much you pay your staff or your ceo..you dont have to disclose it..if profit all yours..if loses then u bear it yourself...
till QR goes public all this info will not be displayed..however IATA is a publicly involved organization which will and have to print out the expenditure and budget to all member airline including their management salaries....to summarize...QR is still a private airline ( only one owner ),however many rumours that QR would go public soon..by 2013..
as for the current CEO..he has been here since 1997 and manage to turn around this airline from flying old 747's till now flying almost 100 shinning brand new jets and major global player in airline industry...i am not going to dispute or get into the topic of management but obviously QR is producing results so much so that EU/US carriers are so frighten with the expansions.
anyway thats upper level management..as a line pilot i am just happy to be able to jet around on new toys,well maintained and good layover places..many shortcoming of course but then it happens in all companies..
..it time to enjoy my drinks now...

[PIPE RIDER]

Well, if creating an airline with an unlimited amount of cash is an achievement, yes you can say good job AAB, but I really don't see it being grand....

All this IATA crap from AAB is because the EU/US airline are feeling the pain from middle east carriers, because middle east carriers can afford to loose money (as QR does, regardless of what papers say), but airlines in the real world cannot afford to loose money as a CEO has to face all stakeholders, and board meetings. He is trying to deviate attention from a point the germans are trying to bring afloat.

The same way he plays all this cabin crew chasing and pilot hunting to deviate attention of how much money he is making on a personal basis.

So dear colleagues before you come to a conclusion about the management skills of this particular small individual look in the QR history and try to find many of the great deficiencies we have and how they have not been able to be fixed in the last years. As an example the resignation ratio, pilots without training for 6 or 7 months, the A340 fiasco with his beloved in flight bar, the jump ships all over the planet etc....

Indiana..ce. not against you, but recommend you to read about aviation history and try to think what will happen to this airline when the machine that transforms gas into money is dry........

[loc22550]

Talking about Fiasco...:
Might be wrong but i think AAB is/was the CEO of Doha airport as well.
What ever the reason..i think everybody will agree that this is definitely Another famous fiasco or a serious lack of planning and a serious loss of money.

[newday]

I am not Ronald Reagan, but:

Mr. Baker, tear down this (corrupt IATA) wall!

[Brian Cohen]

Its pretty easy to build an airline if no one cares what it wil cost nor if they ever will make a single Dollar profit.

Not if you wanna go public!

[cyrilroy21]

Its pretty easy to build an airline if no one cares what it wil cost nor if they ever will make a single Dollar profit

Hmmm....

If it was that easy then how come Airlines like Kuwait Airways , Gulf Air and Oman Air arent that big or famous when compared to QR

All these airlines are owned by their respective govt and their economies run on Oil Money
I am sure funding was not a problem for these govt's

Granted the CEO is not perfect but he must have done something right to bring it to the level it is today and within the span of time the airline has been in operation

This AAB has no qualifications to be a CEO at all

So what are the respective qualifications in order to become a CEO ?

What qualifications do you think Bill Gates and Steve Jobs had and yet were CEO's of their respective companies . Look at their companies today....

[indianace]

no personal bashing please......cyrilroy..totally like your posting...i am all for totally result orientated and dynamic driven boss than a paper qualified chair person..shortcomings happens everywhere but final results counts.in short span of 14 yrs this airline turned around to be a major player..surely something the CEO doing is right...many airlines with plenty of public money splashed into just turned sour...RBA,AIR INDIA,INDIAN AIRLINES,GULF,..ETC....
as when the oil/gas turned into money dries up..well once again its not for us to worry about..its for the goverment of QATAR..and i believe the gas is for another 300 yrs..so...plenty of time..by the way..the budget for the country would not be from oil industry from 2020..its from foreign investments...
NDIA..ah hah..thats another story..its again about contract awarding to the wrong contractors over the years..nothing to do with the CEO..but the local agency that awarded and monitored the contract..
lets stick to the topic of IATA...and lets get IATA to open up and be more transparent...as for QR being transparent..just hold on till 2013 for public offering..then all your questions would be answered..as for now..ITS STILL A PRIVATELY OWNED AIRLINE...

[newday]

There is Safety Division in IATA. After several accidents and thousands lives lost I wonder what will be IATA action regarding:

-safety in Air France: 3 airplanes lost from year 2000.
-Safety in India after Mangalore crash and very non standard ATC we have to dill with every day
-Safety in China regarding recent incident with fuel emergency.

Tony, we,pilots community, are waiting for your actions

[newton99]

How does the IATA executives pay affect QR or any other airline ? I fail to understand the signifigance of Mr baker's question.

IATA is a public organisation so these figures are available while QR and other airlines are private and their management compensation packages are not publicly published.

[jaarrgh]

Indianace. QR is 49% owned by the 'state', 51% owned by 'privately' by the Prime Minister. To describe it as privately owned is surely incorrect. Though who can tell where one ends and another begins!!!

[indianace]

jaarrgh...well i really dont know the percentage as its not listed anywhere.
following your statement..if its 51% privately owned..then its still a private company...
public or private..OR.. if the airline making money or not..OR..how the airline paying for the planes...who cares?? as long as the salary comes in every month...
been here few years and the salary has never been late and good salary as well..HAPPY FLYING.