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Tuesday, June 16, 2009

Corporate Cocksucker of the Day
Posted by jurassicpork | 5:31 PM

You have to admit, it takes a cheeky character to give himself a huge raise and an even bigger bonus at a time when the company loses nearly $600,000,000 then to ask his employees to work for free.

You read that right. Willie the Wanker Walsh, head of British Airways, has asked his employees to work for free because the giant airline is having trouble paying its bills. On top of asking the rank and file to work off the clock, he'd also put 2500 people out of work, is looking at laying off 2000 more and is negotiating "to cut bonuses and allowances that its 14,000 cabin crew have accumulated over many years of pay settlements."

Oddly enough, the UNITE union that represents ground and cabin crews wasn't too enthusiastic about Willie Wanker's brilliant idea for the company's economic recovery. A quick look at the figures shows why:

Willie Wanker currently makes £743,000 with his hefty new pay raise. £743,000, according to the latest conversion rates, comes out to $1,218,949.87. He'd bravely be forgoing over $100,000 in salary but his £1.1 million in deferred share bonuses would help take the sting out of his supreme sacrifice. For you Yanks across the pond, that's $1,804,751.46 and wouldn't be subject to the abovementioned supreme sacrifice.

This must place his employees in a terrible quandary. If they don't volunteer to work for free, they must be wondering if they're going to be among the next 2000 on the chopping block. This hare-brained scheme by Walsh automatically makes him the ultimate yet most hypocritical wouldbe Socialist and the world's most notorious corporate cocksucker of the day.
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3 Comments:
Anonymous Diva said...
If you wrote about one of these cocksuckers every single day, you'd be writing forever.
6/16/09, 7:10 PM  
Blogger casey said...
Hello jurassicpork,

Wonderful, just wonderful. Another one that I hope is either in Michael Moore's new movie or maybe should be an added to the web site as a series of ceo's that did not appear but are deserving of that honor. Diva your comment may be short but hits the bullseye!
6/17/09, 4:15 AM  
Blogger Jayhawk said...
Well, let's be a little bit more reasonable. He said he is not drawing a salary for the month of July, and he is not asking them to work for no pay forever, just for short periods of time as he himself is doing. The State of California is doing the same thing, only it is one day at a time and is mandated in the form of layoffs.

You want some outrage, The City of San Diego cut all city workers pay by six percent, and then refused to cut its own pay.
6/17/09, 10:12 AM  
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