Mr. Latzky declined to comment on whether management would seek a reduction in compensation.
But if the goal of these collective efforts is a reduction in compensation, the results are quite disheartening.
In all, United is looking for a $5.8 billion reduction in compensation over the next five and a half years from employees, who own 55percentt of the airline.
But that merely underlines the injustice of the scheme; and it's not just unspent convictions that lead to a reduction in compensation.
The turnaround of the American auto industry is paying off for senior management, particularly at the Ford Motor Company, even with a 29 percent reduction in compensation for its chief executive.
The reduction in compensation for Deutsche Bank's senior management comes as pay at other European banks has also come under scrutiny.
But if the player is agreeing to the reduction in compensation in exchange for the right to depart from a team he is dissatisfied with, isn't that in the spirit of the original union movement?
Under the rent laws, he explained, if a landlord discontinues a service that a tenant is entitled to, the tenant is entitled to a rent reduction as compensation for the loss of the service.
BLOOMBERG NEWS Man Groupup Chief Makes $7 Million | Peter Clarke, chief executive of the Man Group, earned a total pay package of $7 million for 2011, which on an annualized basis is a 30 percent reduction in compensation, The Financial Times reports.
