* AvCanada's Home Page * Photo Gallery * Directory * Topsites *Weather *Enter Chat * Media Kit
It is currently Thu Jun 20, 2013 1:59 am

View unanswered posts | View active topics




Board index » Airlines » Air Canada

All times are UTC [ DST ]

Who is chatting
Who is chatting
Enter Chat




Post new topic Reply to topic  Page 1 of 1
  [ 11 posts ] 
  Previous topic | Next topic 
Author Message
CanadianEh
 Post subject: Shareholder meeting
PostPosted: Mon Jun 04, 2012 5:37 am 
Offline
Rank 6
Rank 6

Joined: Thu Jan 29, 2009 10:00 pm
Posts: 413
Location: YXU
Air Canada shareholder meeting is soon and ACPA representatives will be there. Sure would be an opportune time to get the shareholders to see the light and give the current management team the boot. We need management with a long term focus on building a sustainable airline. Not short term, myopic management who are focused on the next quarter for their bonus cheques and no further. They should do what Ackman did with Canadian Pacific, except for the opposite reasons. The shareholders (read: sheep) can be persuaded if someone with enough ideas and charisma steps up. Overall, I think ACPA would have been better off selling the shares after the vesting period and then shorting Air Canada's stock and using the proceeds to get a kick ass negotiating team.

Any thoughts?


Top
 Profile  
 
Norwegianwood
 Post subject: Re: Shareholder meeting
PostPosted: Mon Jun 04, 2012 6:37 pm 
Offline
Rank 4
Rank 4

Joined: Wed Dec 15, 2010 11:16 pm
Posts: 237
CanadianEh wrote:
Air Canada shareholder meeting is soon and ACPA representatives will be there. Sure would be an opportune time to get the shareholders to see the light and give the current management team the boot. We need management with a long term focus on building a sustainable airline. Not short term, myopic management who are focused on the next quarter for their bonus cheques and no further. They should do what Ackman did with Canadian Pacific, except for the opposite reasons. The shareholders (read: sheep) can be persuaded if someone with enough ideas and charisma steps up. Overall, I think ACPA would have been better off selling the shares after the vesting period and then shorting Air Canada's stock and using the proceeds to get a kick ass negotiating team.

Any thoughts?



Doesn't matter what anybody thinks, the meeting is over and the big wigs win yet again :smt014

http://www.cbc.ca/news/business/story/2 ... lders.html


Top
 Profile  
 
BTyyj
 Post subject: Re: Shareholder meeting
PostPosted: Mon Jun 04, 2012 11:33 pm 
Offline
Rank 6
Rank 6

Joined: Mon Nov 08, 2010 9:11 pm
Posts: 483
Location: CYYJ
It's pretty obvious who owns most of the shares...


Top
 Profile  
 
CanadianEh
 Post subject: Re: Shareholder meeting
PostPosted: Tue Jun 05, 2012 2:23 am 
Offline
Rank 6
Rank 6

Joined: Thu Jan 29, 2009 10:00 pm
Posts: 413
Location: YXU
What an absolute disgusting shame. The executive compensation in North America has become disgraceful. The only time a senior manager (CEO, CFO, etc.) should get a bonus is if the company is making a profit and they show multiple years of successful returns to stakeholders (ie: employees, shareholders, etc.)


Top
 Profile  
 
loopy
 Post subject: Re: Shareholder meeting
PostPosted: Tue Jun 05, 2012 8:08 pm 
Offline
Rank 7
Rank 7

Joined: Mon Feb 16, 2004 3:59 pm
Posts: 716
Agreed. There is no logic here at all. :rolleyes: :roll: :oops: :? :shock:


Top
 Profile  
 
mbav8r
 Post subject: Re: Shareholder meeting
PostPosted: Wed Jun 06, 2012 2:36 am 
Offline
Rank (9)
Rank (9)

Joined: Sun Jul 02, 2006 4:11 pm
Posts: 1041
Location: Manitoba
I guess you guys don't get it, he's doing what he was brought in to do, bust the unions.
I'd say he's earning his bonus quite well, doesn't make it right, but they do call him the smiling knife, don't they?


Top
 Profile  
 
CanadianEh
 Post subject: Re: Shareholder meeting
PostPosted: Wed Jun 06, 2012 2:54 am 
Offline
Rank 6
Rank 6

Joined: Thu Jan 29, 2009 10:00 pm
Posts: 413
Location: YXU
mbav8r wrote:
I guess you guys don't get it, he's doing what he was brought in to do, bust the unions.
I'd say he's earning his bonus quite well, doesn't make it right, but they do call him the smiling knife, don't they?


I don't care what his job is, his existence at Air Canada hasn't benefited anyone except upper management.


Top
 Profile  
 
RB211
 Post subject: Re: Shareholder meeting
PostPosted: Wed Jun 06, 2012 5:58 am 
Offline
Rank 4
Rank 4

Joined: Mon Feb 16, 2004 6:21 am
Posts: 258
mbav8r wrote:
I guess you guys don't get it, he's doing what he was brought in to do, bust the unions.
I'd say he's earning his bonus quite well, doesn't make it right, but they do call him the smiling knife, don't they?


Therein lies the problem at many companies these days; executives are there to try and cut costs to profitability.

How about building and growing a vibrant, viable company that returns value to all. Shouldn't that be the goal.


Top
 Profile  
 
Localizer
 Post subject: Re: Shareholder meeting
PostPosted: Wed Jun 06, 2012 1:50 pm 
Offline
Rank (9)
Rank (9)
User avatar

Joined: Wed Jan 12, 2005 5:18 am
Posts: 1099
Location: CYYZ
CanadianEh wrote:
I don't care what his job is, his existence at Air Canada hasn't benefited anyone except upper management.



Good lord man! .. I hope you don't think he's there to benefit you - the employee! Do you?

If he was there for your benefit we wouldn't need unions.


Top
 Profile  
 
CanadianEh
 Post subject: Re: Shareholder meeting
PostPosted: Thu Jun 07, 2012 3:19 am 
Offline
Rank 6
Rank 6

Joined: Thu Jan 29, 2009 10:00 pm
Posts: 413
Location: YXU
Well said RB211.

The quote I came across that resonated with me was that "Air Canada management seems to know the cost of everything, but the value of nothing"


Top
 Profile  
 
Localizer
 Post subject: Re: Shareholder meeting
PostPosted: Thu Jun 07, 2012 1:55 pm 
Offline
Rank (9)
Rank (9)
User avatar

Joined: Wed Jan 12, 2005 5:18 am
Posts: 1099
Location: CYYZ
CanadianEh wrote:
"Air Canada management seems to know the cost of everything, but the value of nothing"


Cost affect bottom line .. bottom line determines bonus/stock payouts. Value is nothing more then a feel good mechanism used to boost employee moral when the bottom line is being affected. In this case .. they cancel one another out until a contract is in place .. then "value" will rain down on you like sunshine in the form of stupid advertisements, like the one in the Globe and Mail prior to negotiations. Didn't you feel valued after that little doozy?


Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  Page 1 of 1
  [ 11 posts ] 


Board index » Airlines » Air Canada

All times are UTC [ DST ]

Who is online

Users browsing this forum: nopilot, Spruce Moose and 29 guests

You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
Powered by phpBB® Forum Software © phpBB Group

Advertisements by Advertisement Management
 
For questions/comments please send them to
webmaster@avcanada.ca

AvCanada Topsites List
AVIATION TOP 100 - www.avitop.com Avitop.com
While the administrators and moderators of this  forum will attempt to remove or edit any generally objectionable material as  quickly as possible, it is impossible to review every message. If you feel a  topic or post is inappropriate email us at support@avcanada.ca .  By reading these forums you acknowledge that  all posts made to these forums express the views and opinions of the author and  not the administrators, moderators or webmaster (except for posts by these  people) and hence will not be held liable. This website is not responsible or liable in any way for any false or misleading messages or job ads placed at our site.   

Use AvCanada's information at your own risk!

We reserve the right to remove any messages that we deem unacceptable.
  When you post a message, your IP is logged and may be provided to concerned parties where unethical or illegal  behavior is apparent. All rights reserved.