Originally Posted by DollarBill
EI need Mueller, they need him to stay for the next 2-3 years at least. While they have been turned around they need a firm hand to grow their strategy. As he says there is no clear succession in place.
It could be argued that that's an admission that he
hasn't earned his bonus. As long as EI
needs Mueller, EI
is Mueller. It doesn't take long to form a plan for the future, even if making it a reality will take time and the arrival of other people.
Originally Posted by Papa2Charlie
These are the salaries the Aer Lingus board need to compete with in order to retain Muller on an island in the Atlantic. Lufthansa would quite happily poach him for a holding role (e.g. LH Cargo) prior to moving him up to bigger and better things on the LH Exec board.
That's the classic economist's view, usually swallowed whole by shareholders (or at least the economists they appoint to act on their behalf). The better strategy would have been to
expect the post holder to be poached and base his/her T&Cs on the likelihood of that happening before the job was finished. Target No.1 - "make yourself dispensable".
Many of these "turnaround" situations remind me of a first-aider being congratulated for saving a life by quick thinking and the correct application of an improvised tourniquet - but the person saved is handicapped forever because the first-aider was too squeamish to pick up the severed hand and pack it on ice.