Originally Posted by
D Mantooth
I both agree and disagree.
This one better be good. Absolutely!
But I don't understand the "if we are moving this fast," or the consternation by some that we might get a deal early.
Because I know how to operate a financial calculator and because I've seen too many groups harmed by holding out for too long (i.e. AMR in 2001), I am absolutely in favor of getting money in my pocket early.
I'm not suggesting that we accept an inferior deal in the interest of expediency. I am simply stating that the right deal early should be hoped for and welcomed, not derided.
What some fail to realize is that in conventional negotiations you meet once or twice a month and the company rarely sends decision makers to the meetings. We are meeting 4 to 5 days a week with the principles in the room. We have probably already done the equivalent of two years negotiations at the normal pace.