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AC Unions Band Together on Pension Reform

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Complete waste of time. They will fall apart on this issue as they have in all other 'coordinated' bargaining activity.

If any of them have a dispute over this they will join a long list of failed unions who have tried to take on companies over this issue (see: Vale, Ontario Hydro, et al). Not one union in Canada has ever, ever stopped pension reform for new hires.

This is the worse fight possible for the combined membership(s) and, undoubtably, they will loose.

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"“All the unions at Air Canada haven’t really had major gains in contracts or salaries in over 10 years. It’s time for us to get our fair share,” Mr. Taylor said."

Um, how about this was because they were out of control compared to actually profitable carriers, and as such, need to remain as cut back as they were last time around?

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Um, how about this was because they were out of control compared to actually profitable carriers, and as such, need to remain as cut back as they were last time around?

So, a 100% increase in pay between 2008 and 2009 isn't out of control? 1420% increase between 2002 and 2010 isn't out of control?

AC cant exactly plead poverty given the fact that Calin gave himself a big ass raise.

^

If they want to talk about moving us to a DC pension, maybe they should lead from the top and ditch theirs first.

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AC cant exactly plead poverty given the fact that Calin gave himself a big ass raise.

I would bet Calin is not yet paid equal to his peers. Your mouthing off about the CEO wages is relatively ignorant of facts. I would bet that the president of your company is paid pretty darn nicely as well.

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AC cant exactly plead poverty given the fact that Calin gave himself a big ass raise.

I would bet Calin is not yet paid equal to his peers. Your mouthing off about the CEO wages is relatively ignorant of facts. I would bet that the president of your company is paid pretty darn nicely as well.

Calin Rovinescu, CEO, Air Canada: http://bit.ly/jesUmy ($4,549,720 Total Calculated Compensation)

Alan Joyce, CEO, QANTAS: http://bit.ly/inX8Mm (A$2,924,000 Total Calculated Compensation)

William Parker, CEO, US Airways: http://bit.ly/lIlNBv ($2,757,981 Total Calculated Compensation)

Christoph Franz, CEO, Deutsche Lufthansa: http://bit.ly/jmGkkD (€2,391,747 Total Calculated Compensation)

Pierre-Henri Gourgeon, CEO, Air France-KLM: http://bit.ly/kpQbfu (€898,291 Total Calculated Compensation)

Richard Anderson, CEO, Delta Air Lines: http://bit.ly/k0MbWk ($8,041,271 Total Calculated Compensation)

Jeffery Smisek, CEO, United Continental Holdings: http://bit.ly/mPu2G9 ($4,359,766 Total Calculated Compensation)

John Slosar, CEO, Cathay Pacific Airways: http://bit.ly/malaQe ($9,666,000 Total Calculated Compensation)

Try again, parnel. Rovinescu is # 3 on this little list I've just compiled. He makes more than the CEO from Lufthansa, and they made a $1.3B profit last year.

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The life expectancy of an Air Canada CEO is what?

Eighteem months to three years. It is not like a union member who has a job for life along with a guaranteed pension (DB or DC). The management pension plan is a DC for all new starters, I believe and the insitu managers were offered to switch to DC also. The executives do not really have a pension plan unless one considers a payment plan from general revenues to be a guaranteed pension.

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Um, how about this was because they were out of control compared to actually profitable carriers, and as such, need to remain as cut back as they were last time around?

So, a 100% increase in pay between 2008 and 2009 isn't out of control? 1420% increase between 2002 and 2010 isn't out of control?

AC cant exactly plead poverty given the fact that Calin gave himself a big ass raise.

^

If they want to talk about moving us to a DC pension, maybe they should lead from the top and ditch theirs first.

You should inform yourself about DC pensions in that it is illegal for existing employees to be moved from a DB to a DC plan as you are 'vested' in the DB plan. No one can take that away from you including your union through the bargaining process.

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AC cant exactly plead poverty given the fact that Calin gave himself a big ass raise.

I would bet Calin is not yet paid equal to his peers. Your mouthing off about the CEO wages is relatively ignorant of facts. I would bet that the president of your company is paid pretty darn nicely as well.

Calin is paid what the market for his extensive talents will bear. In comparison with other truly international airlines Calin is now paid in the middle of the road range. Calin's salary is not this issue anyway --- the real issue is what will the salaries for the employees look like in 5 years given the airlines competitive position in the market. Unions always whine about CEOs salary to deflect from the real issue (their salaries).

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AC cant exactly plead poverty given the fact that Calin gave himself a big ass raise.

I would bet Calin is not yet paid equal to his peers. Your mouthing off about the CEO wages is relatively ignorant of facts. I would bet that the president of your company is paid pretty darn nicely as well.

Calin is paid what the market for his extensive talents will bear. In comparison with other truly international airlines Calin is now paid in the middle of the road range. Calin's salary is not this issue anyway --- the real issue is what will the salaries for the employees look like in 5 years given the airlines competitive position in the market. Unions always whine about CEOs salary to deflect from the real issue (their salaries).

its not what Calin is paid, its the fact that he had his pay bumped substantially while asking others to take benefit cuts. CEO's are generally paid what their sycophants on the comp committee decide .. most US corps being Exhibit #1.

AC's mgmt cant suck and blow at the same time.

ps. the president of my company owns the company and can pay himself what he pleases. BTW, I work for a company that is the #1 company to work for in over 10 countries.

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AC cant exactly plead poverty given the fact that Calin gave himself a big ass raise.

I would bet Calin is not yet paid equal to his peers. Your mouthing off about the CEO wages is relatively ignorant of facts. I would bet that the president of your company is paid pretty darn nicely as well.

Calin Rovinescu, CEO, Air Canada: http://bit.ly/jesUmy ($4,549,720 Total Calculated Compensation)

Alan Joyce, CEO, QANTAS: http://bit.ly/inX8Mm (A$2,924,000 Total Calculated Compensation)

William Parker, CEO, US Airways: http://bit.ly/lIlNBv ($2,757,981 Total Calculated Compensation)

Christoph Franz, CEO, Deutsche Lufthansa: http://bit.ly/jmGkkD (€2,391,747 Total Calculated Compensation)

Pierre-Henri Gourgeon, CEO, Air France-KLM: http://bit.ly/kpQbfu (€898,291 Total Calculated Compensation)

Richard Anderson, CEO, Delta Air Lines: http://bit.ly/k0MbWk ($8,041,271 Total Calculated Compensation)

Jeffery Smisek, CEO, United Continental Holdings: http://bit.ly/mPu2G9 ($4,359,766 Total Calculated Compensation)

John Slosar, CEO, Cathay Pacific Airways: http://bit.ly/malaQe ($9,666,000 Total Calculated Compensation)

Try again, parnel. Rovinescu is # 3 on this little list I've just compiled. He makes more than the CEO from Lufthansa, and they made a $1.3B profit last year.

Try that on someone a little more gullible...get all the info before you post. Salary history, accomplishments,etc.

Also look at the total compensation of the top 104 CDN CEO's in Saturday's G&M.

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I would bet Calin is not yet paid equal to his peers. Your mouthing off about the CEO wages is relatively ignorant of facts. I would bet that the president of your company is paid pretty darn nicely as well.

Calin Rovinescu, CEO, Air Canada: http://bit.ly/jesUmy ($4,549,720 Total Calculated Compensation)

Alan Joyce, CEO, QANTAS: http://bit.ly/inX8Mm (A$2,924,000 Total Calculated Compensation)

William Parker, CEO, US Airways: http://bit.ly/lIlNBv ($2,757,981 Total Calculated Compensation)

Christoph Franz, CEO, Deutsche Lufthansa: http://bit.ly/jmGkkD (€2,391,747 Total Calculated Compensation)

Pierre-Henri Gourgeon, CEO, Air France-KLM: http://bit.ly/kpQbfu (€898,291 Total Calculated Compensation)

Richard Anderson, CEO, Delta Air Lines: http://bit.ly/k0MbWk ($8,041,271 Total Calculated Compensation)

Jeffery Smisek, CEO, United Continental Holdings: http://bit.ly/mPu2G9 ($4,359,766 Total Calculated Compensation)

John Slosar, CEO, Cathay Pacific Airways: http://bit.ly/malaQe ($9,666,000 Total Calculated Compensation)

Try again, parnel. Rovinescu is # 3 on this little list I've just compiled. He makes more than the CEO from Lufthansa, and they made a $1.3B profit last year.

Try that on someone a little more gullible...get all the info before you post. Salary history, accomplishments,etc.

Well, do you want to offer a different viewpoint, or per usual just spew?

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I'm sure if you ask Calin to submit to an independent 'parity' review he would do so in a New York minute.

The guy is fairly compensation IMO and, again, this is not about Calin's salary, rather, its about the employees 'compensation' and how to be competitive is a shrinking marketplace.

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get all the info before you post.

Should've taken your own advice and researched airline CEO pay before you went and postulated that Calin wasn't being paid equal to his peers..

The pathetic 'parity' comparison put forth by an uninformed is demonstrative of your ignorance and the ignorance of the author. Bugger off, eh!

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Should've taken your own advice and researched airline CEO pay before you went and postulated that Calin wasn't being paid equal to his peers..

If your TOTAL COMPENSATION is $45,000 a year would you accept $15,000 in cash and the rest in stock (restricted from selling) and stock options (most of which can be bought at a price higher than todays market price?

Would you say that your pay is $15,000 a year or $45,000?

Oh and the board can say Bye-Bye at anytime.

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John Slosar, CEO, Cathay Pacific Airways: $3,449,000 (plus $2,033,000 bonus, total $5,482,000)

Christoph Franz, CEO, Deutsche Lufthansa: €700,000 (plus €1,378,700 bonus, total €2,078,700)

Alan Joyce, CEO, QANTAS: A$1,737,000

Calin Rovinescu, CEO, Air Canada: $1,400,000

Pierre-Henri Gourgeon, CEO, Air France-KLM: €649,200 (plus €220,000 bonus, total €869,200)

Jeffery Smisek, CEO, United Continental Holdings: $791,250

Richard Anderson, CEO, Delta Air Lines: $600,000

William Parker, CEO, US Airways: $550,000

When you look solely at salary, Calin is still number four on that list.

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get all the info before you post.

Should've taken your own advice and researched airline CEO pay before you went and postulated that Calin wasn't being paid equal to his peers..

Typical unionized employee drivel. Where was AC in terms of survival when Calin took over? What has he accomplished since?

The part that pisses you off is the fact he is going to restructure the pension plans to be realistic in terms of the Company's ability to fund them. That gravy train is over and like most of the rest of us you will actually have to save for retirement instead of milking the Company teat.

AC is now making money and you union types simply expect them to turn those profits over to you as opposed to investing in enw technology and planes. I say give Calin even more money if he succeeds and let him fight you tooth and nail over your greed. if you don't like your employment terms go and get a real job which would not give you a pension in today's environment or get a job in government, if they are hiring and they are not. That's what your thickheaded union bosses don't get

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Typical unionized employee drivel. Where was AC in terms of survival when Calin took over? What has he accomplished since?

Calin, and all the other mgmt team, have i am sure endured much sacrifice. and they got a big fat raise. give the workers the same cause they went through shit as well.

The part that pisses you off is the fact he is going to restructure the pension plans to be realistic in terms of the Company's ability to fund them. That gravy train is over and like most of the rest of us you will actually have to save for retirement instead of milking the Company teat.

i say take away their health care too. they should pay for it their own damned self. its about being able to fund, not whats right. DP plans are more expensive, as are good hospitals. we as a society need to decide if we want people to have a decent life in old age or not.

AC is now making money and you union types simply expect them to turn those profits over to you as opposed to investing in enw technology and planes. I say give Calin even more money if he succeeds and let him fight you tooth and nail over your greed. if you don't like your employment terms go and get a real job which would not give you a pension in today's environment or get a job in government, if they are hiring and they are not. That's what your thickheaded union bosses don't get

youre assuming that Calin will invest money rather than give himself another $1 million a year. oh shit .. he already did that.

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Typical unionized employee drivel. Where was AC in terms of survival when Calin took over? What has he accomplished since?

Calin, and all the other mgmt team, have i am sure endured much sacrifice. and they got a big fat raise. give the workers the same cause they went through shit as well.

What shit did the average employee go through. Their paychecks came in every week. Those who retired got their full pensio benefits. And, last but not least how does AC pay for the extravagent raises they want. Raise fares to the point no one flies them in a low cost environment;tell their fuel suppliers to take a 20% cut in prices. Give us your expert opinion and show us how the company can still make enough money to reinvest in their product.

I hope you are not a profit center manager

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What shit did the average employee go through. Their paychecks came in every week. Those who retired got their full pensio benefits. And, last but not least how does AC pay for the extravagent raises they want. Raise fares to the point no one flies them in a low cost environment;tell their fuel suppliers to take a 20% cut in prices. Give us your expert opinion and show us how the company can still make enough money to reinvest in their product.

I hope you are not a profit center manager

The trick with compensation is to pay enough to valuable players to discourage them from walking, and pay little enough to the under-performers to steer them towards the door. So, the question is, how much less could Calin be paid without making him walk?

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What shit did the average employee go through.

Why don't you ask them the next time you walk through the airport? Instead of strolling up and plonking yourself down in the MLL, come on down, stroll amongst the peons and stop a few AC employees at random and ask.

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