Union members to vote on American deal
11-25-2012, 04:39 PM
#32
Gets Weekends Off
Joined APC: Jul 2012
Posts: 737
It's the business-world's "Good ol' Boyz" club. Once you have the secret handshake, the cigars, and the key to the executive bathroom, you've entered their world.
You may proceed on your merry way, doing relatively little in terms of actually being a productive worker, but pocketing millions at various companies, while generally screwing with the workers.
You may proceed on your merry way, doing relatively little in terms of actually being a productive worker, but pocketing millions at various companies, while generally screwing with the workers.
11-26-2012, 07:27 AM
#36
Line Holder
Joined APC: Apr 2005
Posts: 60
Originally Posted by ForeverFO
Any word on the 13.5% fairy dust equity stake?
The APA mailer explaining how this TA is 0.002% different from the LBFO didn't mention anything.
I feel bereft of any meaningful information.
The APA mailer explaining how this TA is 0.002% different from the LBFO didn't mention anything.
I feel bereft of any meaningful information.
11-26-2012, 12:30 PM
#38
Line Holder
Joined APC: Apr 2005
Posts: 60
Originally Posted by aafurloughee
It says it will pay APA 5 million for legal fees, and shall give APA 13.5% equity stake. How this 13.5% will be doled out to the membership has not been discussed by the Union(at least I have not heard of anything ).
11-26-2012, 01:58 PM
#39
Gets Weekends Off
Joined APC: Jan 2011
Posts: 228
I read it a bit more and I think it's going to pass. I know you're on your quest to get industry standard, but you guys have to swallow that pill and realize you're not the top dog anymore. Industry standard would be great for a while, but it would send you right back into bankruptcy (or the threat of bankruptcy).
American is a great airline, but it can't compete with Delta or United. If the merger doesn't happen (which I personally think it won't) you'll be competing with Us Airways, Alaska, Hawaiian, ect for the teet of the DOT. I have no doubt you'll get awarded some new routes, but it'll be a while (20 years) before you could organically grow to the size of Delta or United.
As I said before, it's a hard pill to swallow. You guys deserve industry standard; you just don't deserve what will happen if you get it.
American is a great airline, but it can't compete with Delta or United. If the merger doesn't happen (which I personally think it won't) you'll be competing with Us Airways, Alaska, Hawaiian, ect for the teet of the DOT. I have no doubt you'll get awarded some new routes, but it'll be a while (20 years) before you could organically grow to the size of Delta or United.
As I said before, it's a hard pill to swallow. You guys deserve industry standard; you just don't deserve what will happen if you get it.
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