CX experience levels
Join Date: Aug 2008
Location: Polar Route
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I think we, as pilots - most of us here for a career, should intimately familiarize ourselves with the difference between the interests of the company's shareholders and stakeholders.
Shareholders can sell their shares at any time. They are investors whose time horizon shifts on a whim, from potentially long to short. CX's executives serve the shareholders and, by proxy, themselves in a short to medium term fashion.
Stakeholders are those with the long term health of the company in mind. Career employees are, by definition, stakeholders. Our success is tied to that of the airline over the long run. Other types of stakeholders are long term suppliers and corporate bondholders.
We need more stakeholders in the decision making processes for the airline, but we all know that will never happen because the Swires have an iron grip on CX. They could become overnight short term shareholders if they decided to sell to the Chinese. It could happen. I think we should all be prepared for that to happen, in which case our current problems will look insignificant.
PS - On topic, the experience levels of NJers these days is appalling. If anyone thinks that there is no difference between having a small percentage of cadets and all NJers being cadets, then they are out of their minds. Clearly, the latter represents a cultural shift at CX in which flying experience is devalued in such a way that an accident becomes a statistical certainty over the long term as these pilots become FOs and CNs. Over time, the amount of non-CX flying experience will be drastically reduced. Is there anyone out there who thinks this does not matter? If so, I've got a bridge for sale.
Shareholders can sell their shares at any time. They are investors whose time horizon shifts on a whim, from potentially long to short. CX's executives serve the shareholders and, by proxy, themselves in a short to medium term fashion.
Stakeholders are those with the long term health of the company in mind. Career employees are, by definition, stakeholders. Our success is tied to that of the airline over the long run. Other types of stakeholders are long term suppliers and corporate bondholders.
We need more stakeholders in the decision making processes for the airline, but we all know that will never happen because the Swires have an iron grip on CX. They could become overnight short term shareholders if they decided to sell to the Chinese. It could happen. I think we should all be prepared for that to happen, in which case our current problems will look insignificant.
PS - On topic, the experience levels of NJers these days is appalling. If anyone thinks that there is no difference between having a small percentage of cadets and all NJers being cadets, then they are out of their minds. Clearly, the latter represents a cultural shift at CX in which flying experience is devalued in such a way that an accident becomes a statistical certainty over the long term as these pilots become FOs and CNs. Over time, the amount of non-CX flying experience will be drastically reduced. Is there anyone out there who thinks this does not matter? If so, I've got a bridge for sale.
Last edited by cxorcist; 4th Aug 2013 at 02:43.
Join Date: Aug 2007
Location: hong kong
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The last 2nd officer
...who decided to recommend stuff to management was sacked."
I thought that the last SO who recommended something to management got a captain sacked - a couple of years ago.
I thought that the last SO who recommended something to management got a captain sacked - a couple of years ago.
