Lawmakers Set a Minimum Wage and Should Set a Maximum Wage
April 11, 2007
United Airlines Flight Attendants Demand Congressional Action to End Compensation Disparity and Ensure Employees Share in Airline Profits
Washington, DC - United Airlines Flight Attendants, represented by the Association of Flight Attendants-CWA, AFL-CIO, are demanding that Congress address the wage disparity between workers and executives. Members of the Association of Flight Attendants-CWA, AFL-CIO are informing members of Congress about the outrageous compensation levels of United executives, while Flight Attendants continue to struggle to regain pay and benefits lost during the airline's recent bankruptcy.
"When CEO compensation exceeds the entire profit of the airline, we know there's a problem," said Greg Davidowitch, AFA MEC President at United. "But when executive compensation reaches as much as 2000 times that of the average new Flight Attendant, the system is clearly broken."
AFA members at United are asking Congress to recognize a problem that is rampant throughout the airlines and in other industries. The Corporate Library, a corporate governance watchdog group, surveyed the proxy filings of 1,000 large U.S. companies and found that overall CEO compensation in increased at a rate of 16% in 2005 and 9.29% in 2006. By comparison, UAL Securities and Exchange Commission filings show Tilton and his suite of senior executives received increases in compensation equaling 40% on a year-over-year basis, as well as bonuses throughout the company's bankruptcy.
"Our members are sick of the unmitigated greed of the executives of this airline," said Davidowitch. "During the bankruptcy these same executives preached a policy of 'shared sacrifice/shared rewards.' So far, the workers are sharing the sacrifices, but only the executives are sharing the rewards. We demand our fair share."
Union groups at United, including AFA-CWA and its 17,000 United Flight Attendants, have demanded that the airline's executives address workplace issues open labor contracts to negotiate improvements. Letters were delivered to every member of Congress as AFA-CWA works to enlist Congressional leaders in their effort to recognize and address the growing wage disparity between workers and executives. A copy of the letter to House Speaker Nancy Pelosi is attached.
More than 55,000 Flight Attendants, including the 17,000 Flight Attendants at United, join together to form AFA, the world's largest Flight Attendant union. AFA is part of the 700,000 member strong Communications Workers of America, AFL-CIO. Visit us at www.unitedafa.org.