American Airlines punished by Wall St. for raising wages - GoFuckYourself.com

pimpmaster9000 · 05-03-2017, 01:56 AM

https://www.vox.com/new-money/2017/4...airlines-raise

American Airlines agreed this week to do something nice for its employees and arguably foresighted for its business by giving flight attendants and pilots a preemptive raise, in order to close a gap that had opened up between their compensation and the compensation paid by rival airlines Delta and United.

Wall Street freaked out, sending American shares plummeting. After all, this is capitalism and the capital owners are supposed to reap the rewards of business success.

?This is frustrating. Labor is being paid first again,? wrote Citi analyst Kevin Crissey in a widely circulated note. ?Shareholders get leftovers.?

JP Morgan?s Jamie Baker was even more scathing than Crissey.

"We are troubled by AAL's wealth transfer of nearly $1 billion to its labor groups,? he wrote, suggesting that the move was not just contestable as a matter of business strategy, but somehow obviously illegitimate.

Baker, however, takes a darker view, saying that not only does the raise increase costs, it ?establishes a worrying precedent, in our view, both for American and the industry."

wehateporn · 05-03-2017, 02:14 AM

The workers are seen as wage slaves

tony286 · 05-03-2017, 05:12 AM

This is the main reason wages are in the toilet and why the good working class jobs are gone and are never ever coming back.

woj · 05-03-2017, 06:10 AM

I'm sure you guys pay any people you hire as much as possible too... after all, any one you hire is like a partner in your businesses and should get a fair share of it's profits...

pimpmaster9000 · 05-03-2017, 06:22 AM

Quote:

Originally Posted by woj

I'm sure you guys pay any people you hire as much as possible too... after all, any one you hire is like a partner in your businesses and should get a fair share of it's profits...

on the other hand shareholder supremacy expects companies to drop wages as low as possible BUT the population to, somehow, have money to buy their products at the same time...

woj · 05-03-2017, 06:44 AM

Quote:

Originally Posted by crucifissio

on the other hand shareholder supremacy expects companies to drop wages as low as possible BUT the population to, somehow, have money to buy their products at the same time...

that logic is flawed, you do realize that if employees get more, someone else is getting less?

that someone else might be your retired mother who happens to own some stocks in her 401k, or perhaps your local university that invests it's endowment in stocks, etc

OneHungLo · 05-03-2017, 06:50 AM

Quote:

Originally Posted by woj

that logic is flawed, you do realize that if employees get more, someone else is getting less?

that someone else might be your retired mother who happens to own some stocks in her 401k, or perhaps your local university that invests it's endowment in stocks, etc

Quote:

Originally Posted by crucifissio

I pay Africans 1$/day for semi skilled data entry...I will burn in hell for sure

and he calls paul a hypocrite?

Horatio Caine · 05-03-2017, 06:58 AM

Quote:

Originally Posted by OneHungLo

and he calls paul a hypocrite?

Paul is hypocrite. Slobodan on other hand knows he is milking the system and is willing to admit it. The admission part I do respect.

pimpmaster9000 · 05-03-2017, 08:02 AM

Quote:

Originally Posted by woj

that logic is flawed, you do realize that if employees get more, someone else is getting less?

that someone else might be your retired mother who happens to own some stocks in her 401k, or perhaps your local university that invests it's endowment in stocks, etc

generally speaking shareholder supremacy concentrates wealth to a small group of people...this good for them only short term...shareholders usually have medium or large cash already...

Quote:

Originally Posted by OneHungLo

and he calls paul a hypocrite?

I openly admit to being a rat bastard...I do not blame immigrants or illegals or anybody but myself...there is no hypocrisy involved...I am doing exactly as wall street is doing, fucking over who ever I can, but my point with this post is to expose the flaws of capitalism and the mechanisms with which inequality is created and how money attracts more money and vice versa...

Horatio Caine · 05-03-2017, 08:45 AM

Quote:

Originally Posted by crucifissio

I openly admit to being a rat bastard...I do not blame immigrants or illegals or anybody but myself...there is no hypocrisy involved...I am doing exactly as wall street is doing, fucking over who ever I can, but my point with this post is to expose the flaws of capitalism and the mechanisms with which inequality is created and how money attracts more money and vice versa...

Serbian Captain O!!!
What would we do without you?

Steve Rupe · 05-03-2017, 09:02 AM

The airline will keep flying and the stockholders will keep their stock or some of the current holders of the stock will sell and their will be new holders of the stock. No big deal.

Rochard · 05-03-2017, 09:08 AM

Thanks Drumpf!

JFK · 05-03-2017, 10:14 AM

Quote:

Originally Posted by Steve Rupe

The airline will keep flying and the stockholders will keep their stock or some of the current holders of the stock will sell and their will be new holders of the stock. No big deal.

yup and perhaps you may get better service as a result ?

05-03-2017, 01:56 AM	#1
pimpmaster9000 Too lazy to set a custom title Industry Role: Join Date: Dec 2011 Posts: 26,732	American Airlines punished by Wall St. for raising wages https://www.vox.com/new-money/2017/4...airlines-raise American Airlines agreed this week to do something nice for its employees and arguably foresighted for its business by giving flight attendants and pilots a preemptive raise, in order to close a gap that had opened up between their compensation and the compensation paid by rival airlines Delta and United. Wall Street freaked out, sending American shares plummeting. After all, this is capitalism and the capital owners are supposed to reap the rewards of business success. ?This is frustrating. Labor is being paid first again,? wrote Citi analyst Kevin Crissey in a widely circulated note. ?Shareholders get leftovers.? JP Morgan?s Jamie Baker was even more scathing than Crissey. "We are troubled by AAL's wealth transfer of nearly $1 billion to its labor groups,? he wrote, suggesting that the move was not just contestable as a matter of business strategy, but somehow obviously illegitimate. Baker, however, takes a darker view, saying that not only does the raise increase costs, it ?establishes a worrying precedent, in our view, both for American and the industry." __________________ Report a suspicious cracker: Click Here

05-03-2017, 02:14 AM	#2
wehateporn Promoting Debate on GFY Industry Role: Join Date: Apr 2007 Posts: 27,173	The workers are seen as wage slaves __________________ Sexy Girls Teasing

05-03-2017, 06:10 AM	#4
woj <&(©¿©)&> Industry Role: Join Date: Jul 2002 Location: Chicago Posts: 47,882	I'm sure you guys pay any people you hire as much as possible too... after all, any one you hire is like a partner in your businesses and should get a fair share of it's profits... __________________ Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000 Affiliate program tools: Hosted Galleries Manager Banner Manager Video Manager Wordpress Affiliate Plugin Pic/Movie of the Day Fansign Generator Zip Manager

05-03-2017, 09:08 AM	#12
Rochard Jägermeister Test Pilot Industry Role: Join Date: Dec 2001 Location: NORCAL Posts: 72,805	Thanks Drumpf! __________________ “The choice is no longer between right or left. The choice is between normal and crazy.” - Sarah Huckabee Sanders YNOT MAIL \| THE BEST ADULT MAILING SOLUTION

05-03-2017, 05:12 AM	#3
tony286 lurker Industry Role: Join Date: Aug 2002 Location: atlanta Posts: 57,021	This is the main reason wages are in the toilet and why the good working class jobs are gone and are never ever coming back.

05-03-2017, 09:02 AM	#11
Steve Rupe Confirmed User Industry Role: Join Date: Nov 2016 Posts: 3,048	The airline will keep flying and the stockholders will keep their stock or some of the current holders of the stock will sell and their will be new holders of the stock. No big deal.