Originally Posted by
Pineapple Guy
Funny, Carl. I just present FACTS.
FACT #1: The Delta MEC, led by Lee Moak, extracted the highest bankruptcy claim value (in claim $$) of ANY of the 4 airlines that went through bankruptcy.
FACT #2: The Delta MEC, led by Lee Moak, extracted the highest cash return on that claim and put more money in DAL pilots' pockets than ANY of the other 3 network carriers that went through the identical bankruptcy process.
Wrong on both facts. The Delta MEC and Lee Moak did no such thing. Neither did ALPA's hand picked no bid "investment bank" Athena Group. (cronyism note; Athena Group = one lawyer who "broke away" from Cohen Simon Weiss to start an investment advisory group)
The individual who single handedly accomplished facts 1 and 2 is none other than Douglas Parker, CEO of USAirways. His bid for Delta raised the asking price on debt from approx. 30 cents on the dollar to the mid 60's.
Your statement is completely untrue PG.