Originally Posted by
4468
IAG is a company that will make +£2billion this year, and will pay it's management team eye-watering sums of money! There's money for pretty much anything in BA! EXCEPT paying the (generally young and keen) staff that interact most with customers, a decent wage!
Why?
Just because they can!! If 'they' don't like it, there's thousands more who'd do this job for half of nothing!
Get 'em in. Burn 'em out. Then sling 'em out!
Bonuses all round, and another yacht for the fat cats!
I’m not getting into the rights and wrongs of this particular dispute here, but this sort of attitude is simply ill informed.
Why is it that being a profitable company is seen as somehow unworthy? And that the only beneficiaries are “fat cats” whose sole motivation is “another yacht”?
IAG, the parent company of BA, is owned by its shareholders. The vast majority of those shareholders are financial institutions and fund managers who invest their own customers money in IAG the expectation of a decent return on that investment. So ultimately the “fat cats” are ordinary people, and the “yachts” are their savings and pensions.
IAG exist to make money for their shareholders. That is their purpose. How they go about that, including the balance between maintaining an effective workforce and keeping costs under control, is something that could be debated all day long.