In this era of companies who screw over customers, employees, shareholders, anybody they can, it is refreshing to see leadership of a major company step up and take one for the team.
Too many times the CEO will sit back, slash thousands if not tens of thousands of jobs, while continuing to be rewarded by the Board of Directors with an already excessive salary package. Not this time...
Continental Airlines Inc. said Thursday it is cutting 3,000 jobs and reducing capacity in the fourth quarter by 11 percent, citing record fuel costs that have pushed the airline industry into a "crisis."
The company also said Chairman and Chief Executive Lawrence Kellner and President Jeff Smisek will not take salaries or incentive pay for the rest of the year.
The job cuts represent about 6.5 percent of the company's work force of 45,000.
Houston-based Continental said it will begin pulling back on flights in September, when departures on its mainline operations will be about 16 percent below the numbers of September 2007. For the year, capacity will fall 11 percent.
CEO Kellner will give up part of a hefty compensation package. In 2007, his salary was $712,500, according to a filing with the Securities and Exchange Commission.
Kellner got a $3.3 million incentive payment, stock and options grants that the company valued at nearly $1.94 million when they were issued in February 2007, and $45,196 in other compensation.
It's things like this that make me like Continental Airlines, and if they actually served more cities out of Seattle, I would definitely fly them. They just don't fly where I want/need to go.
Showing posts with label airlines. Show all posts
Showing posts with label airlines. Show all posts
Thursday, June 5, 2008
Tuesday, May 20, 2008
Naked pilot, flight attendant...
Since I'm a big fan of pilot activities, I have to share funny aviation-ish stories..
Naked pilot, flight attendant arrested in woods
HARRISBURG, Pa. -- An airline pilot was found hiding behind a shed wearing only flip-flops and a wristwatch as a nighttime romp in the woods with a flight attendant ended with both under arrest, police said.
Jeffrey Paul Bradford, 24, and Adrianna Grace Connor, 24, both employees of Pinnacle Airlines Inc., were at a diner on the outskirts of Harrisburg on Sunday night before they apparently decided to walk into the woods, police said.
"They told the officer they wanted to go do it in the woods, essentially," said Lower Swatara Township police Sgt. Richard Brandt. "That's the best answer they had."
The two somehow became separated, and people who live in the neighborhood summoned police around 9:30 p.m., saying they had seen a naked man and an intoxicated woman.
A helicopter with heat-seeking equipment was called in, and Bradford was discovered hiding behind a shed shortly before midnight.
Bradford, of Pittsburgh, was charged with indecent exposure, public drunkenness and other offenses. Connor, of Belleville, Mich., was charged with theft from a motor vehicle, public drunkenness and other offenses; police said she took a flashlight from a neighbor's vehicle.
A spokesman for the Memphis, Tenn., airline said the two were suspended while the company investigates.
Naked pilot, flight attendant arrested in woods
HARRISBURG, Pa. -- An airline pilot was found hiding behind a shed wearing only flip-flops and a wristwatch as a nighttime romp in the woods with a flight attendant ended with both under arrest, police said.
Jeffrey Paul Bradford, 24, and Adrianna Grace Connor, 24, both employees of Pinnacle Airlines Inc., were at a diner on the outskirts of Harrisburg on Sunday night before they apparently decided to walk into the woods, police said.
"They told the officer they wanted to go do it in the woods, essentially," said Lower Swatara Township police Sgt. Richard Brandt. "That's the best answer they had."
The two somehow became separated, and people who live in the neighborhood summoned police around 9:30 p.m., saying they had seen a naked man and an intoxicated woman.
A helicopter with heat-seeking equipment was called in, and Bradford was discovered hiding behind a shed shortly before midnight.
Bradford, of Pittsburgh, was charged with indecent exposure, public drunkenness and other offenses. Connor, of Belleville, Mich., was charged with theft from a motor vehicle, public drunkenness and other offenses; police said she took a flashlight from a neighbor's vehicle.
A spokesman for the Memphis, Tenn., airline said the two were suspended while the company investigates.
Sunday, January 6, 2008
This is why I don't fly Low-Cost Carriers
An expose done undercover at Ryanair out of Dublin. Very interesting stuff. Those 1 Euro fares just aren't worth it....
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