Fartsock,me thinks this to be either sour grapes or a wind up at best.
Judging by the allegations made about deals being done I dont recall anything being mentioned by the AIPA.
Id say the culprits would have their blood spilled on the apron already if what you say is true.
If you feel that badly about it why dont you vent your anger with those that you pay to represent yourself (AIPA if you are a member) rather than gripe and slander someone that applied for the job of a training F/O,was interviewed by the powers that be,assessed and trained by the same and found to be a suitable applicant worthy of carrying out that job.
Dont whinge about it fartsock, but give the details to your AIPA rep who will make the relevant enquiries if they feel you are justified.
Pay cuts for promotions?
I would normally tell you you're dreaming but either way go to the AIPA and sort this out.