$3 Million Reasons Why Southwest Management Refuses to Take Federal Loan

November 13, 2020 Admin 0

November 12, 2020

All five of Southwest Airlines’ named executives would be subject to strict pay limitations for up to six years if the company takes a loan from the U.S. Treasury as part of the CARES Act emergency relief legislation.

CEO Gary Kelly, who received $8.8 million in total compensation in 2019, would be limited to no more than $5.9 million (the equivalent of a nearly $3 million pay cut) in any twelve month period until 12 months after the loan is repaid – likely until the year 2026. Any officer severance packages would also be limited for years … Read More...

Southwest Misleads its Employees and the Public

May 13, 2020 Admin 0

May 13, 2020

SETTING THE RECORD STRAIGHT

While Southwest has been going through the same hard times as all other airlines, they have continued to mislead employees and the public on a very important fact. In spite of their repeated claims otherwise, furloughs have indeed occurred at Southwest Airlines. The Machinists Union has reached the end of its tolerance of allowing Southwest to continue this myth. Just last Friday, Southwest CEO Gary Kelly did it again – enough is enough.

As most great ideas begin, so did Southwest Airlines Co. The idea of Southwest sprang from Herb Kelleher and Rollin … Read More...