Aer Lingus - 5
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@papa2charlie
Think thats an astronomical sum for anyone to be honest, regardless of what he has done or not. The most powerful politicians in the world dont get that level of renumeration. While he has done some great work, EI still have a distance to go imo and can't see how anyone is worth 1.32million in one year. Thats my own opinion though
A lot done, more to do..as FF would say.
Think thats an astronomical sum for anyone to be honest, regardless of what he has done or not. The most powerful politicians in the world dont get that level of renumeration. While he has done some great work, EI still have a distance to go imo and can't see how anyone is worth 1.32million in one year. Thats my own opinion though
A lot done, more to do..as FF would say.
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@vkid,
I wasn't disputing the amount but the simple fact, in my view, is that Aer Lingus need him. I don't see anyone else in the senior management team capable of stepping up to take his position were he to leave. He has done a very good job and EI's performance would've been significantly better only for cleaning up the redundancy mess left by the last management team.
As mentioned previously, Lufthansa or Air Berlin have noticed his performance and the turn around at Aer Lingus. While it's good for EIN, it's also a vulnerability in that the airline isn't stable enough yet to lose yet another CEO and I really doubt they have a robust succession plan in place at this stage. If a high package is the price to pay for retaining him, then so be it.
I understand that comparisons will be made with O'Leary and his €900k package but there is no chance of him ever leaving the company and he owns a significant block of the company also.
I wasn't disputing the amount but the simple fact, in my view, is that Aer Lingus need him. I don't see anyone else in the senior management team capable of stepping up to take his position were he to leave. He has done a very good job and EI's performance would've been significantly better only for cleaning up the redundancy mess left by the last management team.
As mentioned previously, Lufthansa or Air Berlin have noticed his performance and the turn around at Aer Lingus. While it's good for EIN, it's also a vulnerability in that the airline isn't stable enough yet to lose yet another CEO and I really doubt they have a robust succession plan in place at this stage. If a high package is the price to pay for retaining him, then so be it.
I understand that comparisons will be made with O'Leary and his €900k package but there is no chance of him ever leaving the company and he owns a significant block of the company also.
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The most powerful politicians in the world dont get that level of renumeration. While he has done some great work, EI still have a distance to go imo and can't see how anyone is worth 1.32million in one year. Thats my own opinion though
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I think the package is too much. How can a bonus be more than the actual salary? And especially in light of what was asked of the staff over the last 18 months this is a slap in their face.
I was aware that he had generous share options but I thought they had set targets and wouldn't mature until 2012.
However I do agee with Papa2Charlie: 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. The mgmt team in EI are still the same as they have been for many years. They need to clean out this area and allow an influx of new blood to get fresh minds, talents and ideas.
Look at the last 10 years with EI; pre 9/11 they were coasting along in the pre-FR expansion, semi-state happy place. 9/11 and monstrous FR growth changed stopped that daydream. WW had his 2-3 years where he did well until he fecked off, rudderless again until Mannion, who tried to emulate FR not realising you could never win that fight. He set EI on a course into the rocks which Mueller averted. (Granted any good CEO could have cut costs to turn EI around) But Mueller seems to have a plan for EI over the next 3-5 years.
EI need to reinvent/refresh their market focus. Simply cutting costs is only ever fire-fighting, its a short term solution. With Mueller they may well grow the business and be able to survive the next downturn without another 'survival plan'.
My only fear would be the effect this package would have on an already disgruntled staff base. As with the nation sacrifices must be made by all including those tellings us about cuts. What has not been mentioned is that other EI mgmt also got bonuses, those figures will leak out soon enough.
I was aware that he had generous share options but I thought they had set targets and wouldn't mature until 2012.
However I do agee with Papa2Charlie: 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. The mgmt team in EI are still the same as they have been for many years. They need to clean out this area and allow an influx of new blood to get fresh minds, talents and ideas.
Look at the last 10 years with EI; pre 9/11 they were coasting along in the pre-FR expansion, semi-state happy place. 9/11 and monstrous FR growth changed stopped that daydream. WW had his 2-3 years where he did well until he fecked off, rudderless again until Mannion, who tried to emulate FR not realising you could never win that fight. He set EI on a course into the rocks which Mueller averted. (Granted any good CEO could have cut costs to turn EI around) But Mueller seems to have a plan for EI over the next 3-5 years.
EI need to reinvent/refresh their market focus. Simply cutting costs is only ever fire-fighting, its a short term solution. With Mueller they may well grow the business and be able to survive the next downturn without another 'survival plan'.
My only fear would be the effect this package would have on an already disgruntled staff base. As with the nation sacrifices must be made by all including those tellings us about cuts. What has not been mentioned is that other EI mgmt also got bonuses, those figures will leak out soon enough.
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"Politicians and remuneration isn't remotely linked to ability in any way shape or form."
Who said it was? What they do have though is way bigger budgets, much more responsibility and way more power than anyone in EI could ever dream of having.
Obama's salary for example, is approx 400k USD per year.
You think Muellers job is worth almost 5 times as much for running EI? (Approx 1.9million USD at todays rates)
Personally i don't, nowhere even close especially for a relatively small airline like EI.. I dont see any justification for that level of renumeration at all.
Who said it was? What they do have though is way bigger budgets, much more responsibility and way more power than anyone in EI could ever dream of having.
Obama's salary for example, is approx 400k USD per year.
You think Muellers job is worth almost 5 times as much for running EI? (Approx 1.9million USD at todays rates)
Personally i don't, nowhere even close especially for a relatively small airline like EI.. I dont see any justification for that level of renumeration at all.
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Just to illustrate my point a little further....
Wolfgang Mayrhuber - Lufthansa CEO - €3.5m
Christoph Franz - Lufthansa CFO (and CEO since 1/1/11) - €2.4m
Stephan Gemkow - Lufthansa COO - €2.4m
Jocahim Hunold - Air Berlin CEO - €1.2 (down from €1.6m in 2009) - Air Berlin lost €80m in 2010.
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. Yes, Muller has implemented cost cutting resulting in lower salaries for staff but show me an airline that hasn't.
Watching Aer Lingus from afar prior to Muller's arrival, I got the impression of an airline racing to the bottom trying to compete with Ryanair with no real direction. Muller has changed that by developing a strategy and being systematic in the manner in which the business is run. Muller's salary is the price to pay for the airline not going down a painful road of death by a thousand cuts which I think would happen were he not there. In 4/5 years, there will be a decent succession plan in place and then someone else can take over, but right now, he's needed and €1.4m seems to be the price...
All the best,
P2C
Wolfgang Mayrhuber - Lufthansa CEO - €3.5m
Christoph Franz - Lufthansa CFO (and CEO since 1/1/11) - €2.4m
Stephan Gemkow - Lufthansa COO - €2.4m
Jocahim Hunold - Air Berlin CEO - €1.2 (down from €1.6m in 2009) - Air Berlin lost €80m in 2010.
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. Yes, Muller has implemented cost cutting resulting in lower salaries for staff but show me an airline that hasn't.
Watching Aer Lingus from afar prior to Muller's arrival, I got the impression of an airline racing to the bottom trying to compete with Ryanair with no real direction. Muller has changed that by developing a strategy and being systematic in the manner in which the business is run. Muller's salary is the price to pay for the airline not going down a painful road of death by a thousand cuts which I think would happen were he not there. In 4/5 years, there will be a decent succession plan in place and then someone else can take over, but right now, he's needed and €1.4m seems to be the price...
All the best,
P2C
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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.
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.
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.
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Many of the cost savings made under him were no brainers such as ending the practice of operating A330's on domestic sectors, and from SNN to JFK and BOS in the depths of winter. The more recent practice of increasing yield rather than passenger growth might work but could be counter productive if the differential between EI and FR becomes too high.
They are fortunate that Ryanair seem to have also moved away from
the very low fare strategy of the 2006/9 years. A reversal to the fly for free seat sales won't be long putting pressure on EI yields.
They are fortunate that Ryanair seem to have also moved away from
the very low fare strategy of the 2006/9 years. A reversal to the fly for free seat sales won't be long putting pressure on EI yields.
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T2 Dublin
Aer Lingus use T2 at DUB for their flights to MCO (Orlando).
On Sat 2nd April The flight to MCO was from gate 401 at T2 DUB.
My friends and family using said flight told me there were virtually no seats available and they had to stand up or sit on floor.
The fact it was a delayed flight did not help!
I have no reason to doubt what I was told.
it is a disgrace and the DAA once again should hang their collective heads in shame.
On Sat 2nd April The flight to MCO was from gate 401 at T2 DUB.
My friends and family using said flight told me there were virtually no seats available and they had to stand up or sit on floor.
The fact it was a delayed flight did not help!
I have no reason to doubt what I was told.
it is a disgrace and the DAA once again should hang their collective heads in shame.
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Aer Lingus use T2 at DUB for their flights to MCO (Orlando).
On Sat 2nd April The flight to MCO was from gate 401 at T2 DUB.
My friends and family using said flight told me there were virtually no seats available and they had to stand up or sit on floor.
The fact it was a delayed flight did not help!
I have no reason to doubt what I was told.
it is a disgrace and the DAA once again should hang their collective heads in shame.
On Sat 2nd April The flight to MCO was from gate 401 at T2 DUB.
My friends and family using said flight told me there were virtually no seats available and they had to stand up or sit on floor.
The fact it was a delayed flight did not help!
I have no reason to doubt what I was told.
it is a disgrace and the DAA once again should hang their collective heads in shame.
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Am I right in saying Gate 402 is opposite 401? I departed from 401 to Chicago recently and the majority of people just sat in 402's waiting area. If there was a flight going from 402 then I would understand confusion about a lack of seats.
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No. My sister was sitting away from the gate at the cafe that's nearby. The public address system plays out over that area. Not sure exactly how far that is from the gate in question mind but I'm sure that if there was an announcement for boarding it wouldn't take them that long to get to the gate.
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There is not going to be seats for everybody who is travling on the flight. Do people expect about 200 seats at the gates. You could of moved down and watched for when the flight was boarding. I may sound blunt but it's fact.
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There is not going to be seats for everybody who is travling on the flight. Do people expect about 200 seats at the gates. You could of moved down and watched for when the flight was boarding. I may sound blunt but it's fact.
MD
MD
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If the gates are designed for aircraft of 2-300 seats, then seating in the terminal near to the gate should reflect this. If it does not,then the design is faulty,
