Among L.A.'s 1% (or thereabouts): Port pilots

Bloomberg's Chris Palmeri goes after an oldie-but-goodie: The crazy-high salaries ($323,000 on average last year) among 15 port pilots at the Port of Los Angeles. They also get three-day weekends and 27 vacation days a year. These are public employees, but their wages are paid by shippers who use the harbor.

Pilot pay has come under fire from shipping groups who must pay fees for the service. The harbor guides make more than commercial airline pilots and air-traffic controllers and their "monopoly-like system" is a drain on the economy, according to a 2009 study commissioned by the Miami-based Florida Alliance of Maritime Organizations Inc., a shipping trade group.

More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAX
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How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
Recent Economy stories:
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Exit interview with Port of L.A.'s executive director
L.A. developers relying on foreign investors bend a few rules
Holiday shopping: On your marks, get set... spend!

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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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