Union members to vote on American deal
11-25-2012 | 04:39 PM
#32
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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
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11-26-2012 | 11:24 AM
#37
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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 | 12:30 PM
#38
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Equity stake distribution to members is still TBD by APA BOD. It's complicated - Lots of tax and legal implications to consider.
11-26-2012 | 01:58 PM
#39
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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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