Originally Posted by
kronan
Quick question. Why on earth would the Union do that?
Because as we've seen before this pilot union places a greater emphasis on achieving any resolution than on an outcome favored by most of our pilot group.
Originally Posted by
kronan
2nd Question. How long does it take investments to snap back from the typical downturn?
The answer is it depends and you surely know that. Past performance is not indicative of future results.
Originally Posted by
kronan
3rd Question. Assuming there's No Floor....why would there be a hurdle rate?
Because that's a way to convince interested parties that this is a "good deal" and then everyone is left wondering what the @#$ happened?!
Originally Posted by
kronan
4th Question. You seem to be implying that there's no Bottom to the value of the notional shares the VB plan creates. But if there's no Bottom, exactly what does the PBGC guarantee? And why should FedEx pay premiums if the PBGC insurance is worthless?
True or False there's never been a VB plan that has had to exercise the guarantees offered by the PGBC?
Originally Posted by
kronan
5th Question. If I believe the Internet rumors of "Not a Single Person I've talked to is Pro VB plan"...how on Earth would something that anecdotally 90% of FedEx pilots are opposed to with a 2% floor, pass without a floor?
Because a large percentage of this membership relies heavily on the recommendations of elected leadership and most are unwilling to, demand/expect more by leveraging their negotiating position to achieve it.
I am against this plan. I think the entire thing is a fools errand. It would have been an entirely different matter if the company had come forth and said we would like to propose an alternative to the A-plan and its would look like XYZ. But instead we've gone to them cap in hand with a proposal that we're arguing is going to be "mutually beneficial" for all parties and no downside risk to the pilot group.
If its too good to be true it probably is.