Connect with us

Hi, what are you looking for?

Jewish Business News


Season’s Spirit: Larry Ellison Demands Pilots Pay Back Christmas Bonuses

Larry Ellison

Island Air pilots were thrilled to receive $4, 000 on Christmas bonuses, but now the airline wants them back, according to the Daily Journal. Larry Ellison owns the airline and wants the money returned because they were erroneously paid out in October, a bit too early. For billionaire Ellison, it’s pocket change, a mere $180, 000. Nevertheless, the money will be taken out of their salaries for the next four months.

The bonuses were paid 30 days before the delivery of new planes, and before a financial analysis of the company was made with the arrival of new CEO Dave Pflieger. Once the fleet is in place, the pilots have been told they can have their bonuses back in the summer.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.

Logically, the pilots’ union in a letter stated what is the point of returning bonuses if they are going to be repaid anyway?

The union stated, “The bookeeping, the tax complications, plus the waste of staff and time simply do not justify recovery of monies today just to repay in a short period.”

To add insult to injury, the 5% pay increase to the pilots will be delayed due to the aircraft delivery.

So much for friendly skies.



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.