Originally Posted by
Tooloose
...he [WW] used a phrase which I have never forgotten: ''loyalty has no value''. It explained a lot. He does not think like you do. The things that are important to you are not important to him. If you understand this you will not be taken by surprise by what he does next.
Exactly. "loyalty" or "employee morale". The beancounters have NO way of inserting a value to these items into their algorithms...no numerical value to airline 'managers'. Now....if they were 'leaders'....now that would be a different story. But, in the states at least, and as I suspect throughout the aviation world, they (managers) might "talk the talk", but they NEVER "walk the walk". The arrogance of airline managers is amazing. At AA, when questioned about their 100 million USD bonuses this year, they tell the employees that they "just don't understand management compensation". They also talk about their underpaid situation, and how they can go elsewhere for more $$. They 'need' those levels of compensation, or else a 'brain-drain' might occur. How laughable! AA's "pull together-win together" slogan is SUCH a farse. Based on stock price and forecasts, next year's management bonuses at AA will be 200 million USD. They have MORE than recovered from whatever "sacrifices" they made in 2003. Now it's our turn!!