Originally Posted by
StoneQOLdCrazy
"Our" board member is also bound by confidentiality on a wide range of issues. So he can't tell the MEC much of anything.
Anyway, having a moakist on the board doesn't seem like much to hang our hats on.
Our whole MEC and many committee members are bound by confidentiality agreements; the access to information is in our PWA, Section 1.L.2.
We regularly get access to company confidential information, both historical and forecast. It's been this way at Delta for a long time, and I'm sure the airlines we've merged with/acquired had similar details in their contracts. Anecdotally, it's why we exited the merger with the former NWA with $billions in increased value, and 5% of the stock in the new company.
It is something of value to hang our hat on.