Originally Posted by
slowplay
We need to find a way to get paid when management and capital gets paid. We need to find a way to reap a substantial share of the gains we help create, but protect our pilots and company on the downside of this cyclical industry.
One way would have been to demand snap back clauses in BK...just in case the company made billions a few years later. We didn't even do that! Not NWALPA, and not DALPA. We should never again give a single penny back to management without a snap back clause. Both of our ALPA units bought into management's case that the cuts had to be for the duration of the contract without snap backs so that they could attract capital and attract investors. Our ALPA units (and thus us) were suckered.
Carl