Call me a communist but its also time to make a kick back where it will hurt. To stop these cost cutting, terms and conditions eroding, corporate fat cats from paying themselves millions of dollars from their respective companies in the form of bonuses and shares, the government needs to change the taxation laws. A taxation rate of 99c in the dollar for taxable income above $1M would restrict how much these people can rip out from their companies' profits.
How can anyone justify $1M+ salaries for pushing papers around and slashing costs by cutting workers pay and conditions. This is not just restricted to airline executives. Bank CEOs spring to mind, as I'm sure there are many other examples.