PSA Employees Nominate 4 to Airline’s Board
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Pacific Southwest Airlines’ employees have nominated four representatives to sit on the airline’s new board, which will have its first meeting Sept. 16, company and union spokesmen said Wednesday.
PSA’s Teamsters-represented employees selected Sol Price, founder of the Price Club, and John Manning, a member of the U.S. State Department Foreign Service Grievance Board in Washington, said Gil Oakes, business manager of the airline division of Teamsters Union Local 2707.
The airline’s non-union employees selected Lewis W. Lehr, chairman of Minnesota Mining & Manufacturing, according to a PSA spokeswoman.
Earlier in the year, the Air Line Pilots Assn. selected Jack Curtis, the founder of Ludwig & Curtis, a San Francisco-based law firm. San Diego-based PSA Inc., the airline’s parent company, last year retained Curtis to help fashion a profit-sharing and employee stock ownership plan.
Under that plan, employees traded 15% pay cuts and 15% increases in productivity for 15% equity in PSA Inc.’s airline operations and 15% of the airline’s annual pretax profits, minus interest expenses. Employees also won the right to select four representatives to sit on the airline’s board, comprising PSA Inc.’s nine directors and the four representatives selected by employees.
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