USAirways CEO interviewed

In today’s Washington Post, USAirways’ CEO outlines steps for emerging from bankruptcy, criticizes airlines’ attempts to build low cost carrier subsidiaries (including the efforts of his airline’s partner, United), and dismisses Congressional proposals to limit airline executive pay — while foolishly arguing that Congress should target individual executives instead.

His steps for emerging from bankrupty are feel good truisms. His criticism of low cost carriers are probably right on, but the piece doesn’t develop them.

And while he meanders to the right conclusion that Congress shouldn’t butt into CEO pay (presumably purely out of his own self-interest), it’s surely a bizarre suggestion that Congress should get in the middle of specific pay packages.

American law doesn’t look too kindly on bills of attainder. And if the arguments are valid against regulating pay packages writ large, those argument certainly apply to the largest pay packages as well. They may seem high, but microlegislating to solve individual anomalies hardly seems a wise approach.

About Gary Leff

Gary Leff is one of the foremost experts in the field of miles, points, and frequent business travel - a topic he has covered since 2002. Co-founder of frequent flyer community InsideFlyer.com, emcee of the Freddie Awards, and named one of the "World's Top Travel Experts" by Conde' Nast Traveler (2010-Present) Gary has been a guest on most major news media, profiled in several top print publications, and published broadly on the topic of consumer loyalty. More About Gary »

More articles by Gary Leff »

Leave a Reply

Your email address will not be published. Required fields are marked *