The ORD update by Todd was very reasonable. We are not in section 6 negotiations. Cost neutral arbitration will limit our leverage going forward as we have little negotiating capital aside from managements desire to avoid arbitration. However, they have a cost analysis threshold on the cost benefit of negotiation vs arbitration
Management's offer would be more palatable if we could drop the healthcare excise, 1 year contract extension, and HBT exemption (or make HBT waiver a case by case option at individual pilot discretion).
The reserve call out, e period sim for bounces only, combined Dom/int'l divisions, and quarterly bid runs are not big losses.
Originally Posted by
Route66
Quote:
Originally Posted by Flytolive
You might want to realize that the text book version of how a corporate BOD is supposed to work and how it actually does are two completely different things. I recommend John Bogle's book, Battle for the Soul of Capitalism, as a start. In it he explains how mutual funds control over 60% of shares of public companies and how they completely fail in their fiduciary responsibility to the shareholders. Who do you think submits the slate of directors at the annual shareholder meeting that is rubber stamped by the institutional investors? Management does. So in essence the CEOs hire their own BOD. Why do you think almost all public corporations incorporate in Delaware?
Such naivety would be charming if it wasn't so dangerous to our futures. Thankfully, the leaders of the APA and their counsel are under no such delusions.
If you want to get to the root of the issue it really is about the tax system in the US that takes our money from us in the form of retirement contributions that go into the capitalist system you talk of and funds it without the option for you to put it in your shoebox or invest it the way YOU want to.
Exactly. 401ks are a capital control that lock money into the U.S. and particularly into Wall Street. 401ks pump money into markets so that they can later pop and be re-flatted by more 401k investment.