Originally Posted by
AncientAliens
Management's response to our interim pay adjustment request during the next session will be telling. If they don't play ball I'm hoping the union has the courage to take the company into expedited arbitration for violating the contract.
Regarding the IPO, our contract fight is irrelevant. I have a friend from college who works as an underwriter for one of the big banks. I asked him if open negotiations with a major labor group would affect the company's valuation during an IPO. He said it was something the underwriters would take into account but it wouldn't be a significant factor. The institutional investors aren't stupid, they know how the RLA works. In their eyes they are getting the best labor rates in the country for a minimum of 4-5 years.
I agree. Arbitration will get more attention by underwriters than just negotiations but still won't be a huge factor. Anything received in arbitration will be much better than they appear willing to give us... and expediting will save us several years to get to the same place.