EK BONUS!!
Joined: Jun 2001
Aviation Qualifications: ATPL
Posts: 1,153
Likes: 696
From: Brit living in Malaysia
I cannot believe we would be invited to attend EGHQ if it was only 2 weeks. Has to be at least 4 weeks to lend the 'announcement' any credibility at all. And it really should be significantly more. We shall see.
Joined: Apr 2014
Posts: 57
Likes: 0
From: Sandpit
Given their stinginess last year, I would like to think that since they're inviting staff to attend the presentation this week, that it must be something substantial.
Of course we all know the company we're dealing with here, so its highly unlikely, but I have a glimmer of hope that if they're going to make a big deal of this that it would stroke their egos if they at least gave a higher bonus than what all other airlines are giving this year. I'm probably dreaming, I know.
So do we know how many weeks other airlines are giving out?
Time will tell and on Thursday we'll all know.
Of course we all know the company we're dealing with here, so its highly unlikely, but I have a glimmer of hope that if they're going to make a big deal of this that it would stroke their egos if they at least gave a higher bonus than what all other airlines are giving this year. I'm probably dreaming, I know.
So do we know how many weeks other airlines are giving out?
Time will tell and on Thursday we'll all know.
Joined: May 2006
Posts: 189
Likes: 0
From: Hotels
FORTUNE -- Earlier this week, Southwest Airlines (LUV) announced workers will share in a record $228 million profit-sharing payout this year. That's nearly double the $121 million payout a year ago, and an example to everyone of what American capitalism should be.
Southwest has a long history of broad-based cash profit sharing, broad-based employee stock ownership, and even, for many years, broad-based stock options among all of its employees. One can look at the Dallas-based airline's actions using a "small ball" perspective, and think they are simply incentives to get people to work harder, or that it's just a story about compensation. But what Southwest is really doing is setting the example of how all U.S. corporations should behave in a capitalist system that is inclusive to employees.
http://http://finance.fortune.cnn.co...ism-should-be/
Southwest has a long history of broad-based cash profit sharing, broad-based employee stock ownership, and even, for many years, broad-based stock options among all of its employees. One can look at the Dallas-based airline's actions using a "small ball" perspective, and think they are simply incentives to get people to work harder, or that it's just a story about compensation. But what Southwest is really doing is setting the example of how all U.S. corporations should behave in a capitalist system that is inclusive to employees.
http://http://finance.fortune.cnn.co...ism-should-be/
Joined: Feb 2005
Posts: 93
Likes: 0
From: Dubai
I like the Southwest post. You have to wish Herb was still there, he made many pilots millionaires with their stock. That is the way to run an airline, or a business. The people come first (employees). Seeing why they have made a profit every year, for decades.
I hope that model continues, and EK has a wonderful opportunity come Thursday. Either way, the majority thought that profit share was over. Maybe not...
I hope that model continues, and EK has a wonderful opportunity come Thursday. Either way, the majority thought that profit share was over. Maybe not...
Joined: Apr 2014
Posts: 25
Likes: 0
From: Dubai
Having sat down with someone who is a bit more important than myself, we've run some figures and the company should be giving 8 to 10 weeks as profit share.
The term 'should', as we are all aware having read the beautifully worded manuals, doesn't mean 'must'.
Harry
The term 'should', as we are all aware having read the beautifully worded manuals, doesn't mean 'must'.
Harry
Joined: May 2008
Posts: 64
Likes: 0
From: Miami
ekwhistleblower,
I will be the last one to defend EK. Most likely, I will agree with you about EK, I just do not like comparisons or to look at someone else house. We tend to focus on the good things only. Why don't you post how Southwest screwed all Airtran pilots. Yes Airtran pilots got f@@@d big time.
I will be the last one to defend EK. Most likely, I will agree with you about EK, I just do not like comparisons or to look at someone else house. We tend to focus on the good things only. Why don't you post how Southwest screwed all Airtran pilots. Yes Airtran pilots got f@@@d big time.
Joined: May 2006
Posts: 189
Likes: 0
From: Hotels
S69,
2 reasons:
1. We were talking about profit share and 2. I have no knowledge of Air Tran.
As to my view on EK, it's complicated not all good and not all bad, my worries are for the Airlines future and by extension our's but that is one to discuss over a beer.
2 reasons:
1. We were talking about profit share and 2. I have no knowledge of Air Tran.
As to my view on EK, it's complicated not all good and not all bad, my worries are for the Airlines future and by extension our's but that is one to discuss over a beer.
Joined: Apr 2009
Posts: 683
Likes: 0
From: Earth
Latest email has plans for shuttle busses, shops around the atrium closed, non-staff kept out of the area, etc.
They're not going to all that trouble for another 'Hello Zero'.
They're not going to all that trouble for another 'Hello Zero'.