View Single Post
Old 11-03-2011 | 07:09 AM
  #77  
Old UCAL CA
(retired)
 
Joined: Apr 2011
Posts: 422
Likes: 0
From: Old, retired, healthy, debt-free, liquid
Default

I don't mean to trivialize the above two points by the previous post. Hindsight or not, my apologies if it was construed that way.

In fact, I would imagine that a non-cash, stock swap, new stock issue merger of both companies with the new company's key operating divisions run by Continental people is still a "difficult" concept to grasp by many. Some are still in denial. Furlough issues notwithstanding.

It is also easy to assume that profit sharing would be available contractually or not since it is unilaterally offered to non-union employee groups.

Lesson...change happens, assume nothing.
Reply