1. A totally different mindset – and a man who is trying to show a lead.

    Now if some of the other airlines paid attention at the cost cuts he’s had to make to himself… heck – that might pay a pilot, a crew or two!

  2. While it might not make a HUGE dent in the financial problems at UAL, a similar gesture from all of upper management would probably go a LONG way in improving relations between front-line staff and management. Such an improvement would also improve customer service and productivity – both of which would indirectly improve the financial situation of the airline. Cutting perks and salaries of say the top 10 execs at UAL would definitely save millions though and it could be a marketing, employee relations and public relations gold-mine. But do those 10 people want to save the airline? Or do they want to personally make millions each year and run the airline into the ground?

  3. This is a standard Japaneese business practice, and it sets a good example for the company’s morale. I do recall Delta’s CEO refusing any big compensation packages when he retired and the company was coming out of bankruptcy. It is my view that CEOs whom make their companies operate well and enhance both company and shareholder value should be rewarded with a good salary, but CEO’s being granted multi-million compensation packages for ruining companies is simply unacceptable.

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