There is definitely some posturing going on. Even if the company was willing to agree to the entirety of the NC’s proposal, to do so without making any counters would create the sense that we had asked too low, and risk losing votes for the TA. A little back & forth goes a long way to make everyone feel like they’re not leaving anything on the table.

Until the DAL vote closes, everything is theoretical, anyway. Some semblance of hardball is to be expected in the interim, but once the bar is actually set, we’ll see pretty quickly whether Scott is going to follow through on his “industry leading” promises, or whether he wants to do things the hard way.