Originally Posted by
sailingfun
Perhaps even more important a union that was able to work with the company beat off a hostile takeover that everyone else including wallstreet thought was a shoe in.
Lee Moak widely hated here did simply amazing work in convincing the creditors committee to forgo a offer that would have put a lot of cash in their pockets asap and wait for a recovering Delta to pay them back. The vote by the committee to stay with Delta was a shock to everyone especially Parker. He was sure the deal was done.
By all accounts that is all very true, the only thing I think should be added is that "the company" included lots and lots of flight attendants and gate agents and GO workers and so forth that took up the mantra "Keep Delta My Delta."
I may not have been at Delta at that point, and therefore not worthy or allowed to speak, but what I saw being in Atlanta at the time was a lot of front line folks taking up that same self preservation cause and making it known the work force was hostile to the idea. See I knew that, from the outside.