1721
09-25-2020 | 07:45 AM
#441
Lifelong commuter
Joined: Aug 2011
Posts: 186
Likes: 5
Yeah, poor Leo. Never got another chance in life. Here's his bio from Wikipedia:
Upon Mullin’s retirement from Delta as CEO at the end of 2003,[13] he embarked on a career as a business advisor and corporate board member. Board appointments included Johnson & Johnson, Chubb and Bell South. He also held an eleven-year appointment as Senior Advisor to Goldman Sachs Capital Partners, the private equity unit at Goldman. During that time, he served on the boards of nine Goldman-sponsored companies, culminating in his appointment as Board Chairman in 2015 at TransUnion, the Chicago-based data analytics company. He retired from that position in May 2020
Seems he did okay after the train-wreck at Delta. He was on one of my flights after he left DAL. A jumpseater who later sat on the jumpseat talked to him. His only explanation of driving DAL to bankruptcy was for issues beyond his control. Blame others for your failures....
Upon Mullin’s retirement from Delta as CEO at the end of 2003,[13] he embarked on a career as a business advisor and corporate board member. Board appointments included Johnson & Johnson, Chubb and Bell South. He also held an eleven-year appointment as Senior Advisor to Goldman Sachs Capital Partners, the private equity unit at Goldman. During that time, he served on the boards of nine Goldman-sponsored companies, culminating in his appointment as Board Chairman in 2015 at TransUnion, the Chicago-based data analytics company. He retired from that position in May 2020
Seems he did okay after the train-wreck at Delta. He was on one of my flights after he left DAL. A jumpseater who later sat on the jumpseat talked to him. His only explanation of driving DAL to bankruptcy was for issues beyond his control. Blame others for your failures....
How do you explain the company waiting far longer than most felt it should prior to filing bankruptcy? In fact they waited so long Delta was dangerously short of cash. It is also hard to explain Mullins taking the bulk of his compensation in stock options that would become worthless in any bankruptcy filing. Not to mention taking a company into chapter 11 is rarely a good thing on a resume. Mullins has never held any job of consequence since. If it was all a plan you would also think the company would not have fired him and instead let him lead the company through the process.
09-25-2020 | 08:02 AM
#442
Gets Weekends Off
Joined: Dec 2017
Posts: 2,903
Likes: 96
There is currently no work being done. When the work does start we will have gone from a outstanding negotiating environment to a poor one. Reality is starting to set in for some but at this point delaying as long as possible and holding on to our current contract is probably as good as it will get. The question is how long will the NMB let us stall.
Im glad you can see the future and what the negotiating environment will be. Next time this covid thing comes up give us some heads up? Really any horrifying economy collapsing foreknowledge will be great. Unfortunately our other nostrodomus predicted the weather would be better this summer and none of us listened to him, in fact, we about ran him out of town. Now that you've established your bona fides as a soothsayer, we're going to depend on you to tell us the future from now on.
Keep spreading the FUD and bashing the union, I'm sure someone in management will reach out with more FUD to spread around soon. And- thanks for all you do.
09-25-2020 | 08:42 AM
#443
Gets Weekends Off
Joined: Feb 2008
Posts: 20,869
Likes: 188
09-25-2020 | 08:47 AM
#444
Gets Weekends Off
Joined: Dec 2017
Posts: 2,903
Likes: 96
09-25-2020 | 09:02 AM
#445
Line Holder
Joined: Mar 2008
Posts: 638
Likes: 3
From: A330 FO
That’s good, we shouldn’t be negotiating Sec 6 while under a state of force majeure. We need to get through this crisis before we consider reentering Sec 6 negotiations IMO.
09-25-2020 | 09:08 AM
#446
Gets Weekends Off
Joined: Dec 2017
Posts: 2,903
Likes: 96
Ahh you dont understand, Sailing has secret info from the company that we're never going to show a profit again so it's time to just shoot for some low low number, or depending on his secret numbers a give back, so we can get sailing a job with the big shots and us a little piece of the pie, really little.
09-25-2020 | 09:57 AM
#447
Line Holder
Joined: Apr 2014
Posts: 794
Likes: 2
From: Widget Jet
The 330 is the new 767ER. At $334-339 an hour it’s not too far behind. If we had not asked for a ridiculous $12B contract increase we would have surpassed those rates. Even on the soon to be retired 767ER.
Also, inflation has not been 2.5% - somewhat less. Using an inflation calculator $234 in 2001 is ... $334.
Also, inflation has not been 2.5% - somewhat less. Using an inflation calculator $234 in 2001 is ... $334.
Thanks for correcting it. 2.5% seems to be about the average used for a swag but in the past 20 years we had a couple of big events that tempered the average. The long term historical average is 3.22%.
09-25-2020 | 09:58 AM
#448
Gets Weekends Off
Joined: Feb 2008
Posts: 20,869
Likes: 188
Ahh you dont understand, Sailing has secret info from the company that we're never going to show a profit again so it's time to just shoot for some low low number, or depending on his secret numbers a give back, so we can get sailing a job with the big shots and us a little piece of the pie, really little.
09-25-2020 | 10:22 AM
#449
Gets Weekends Off
Joined: Nov 2011
Posts: 4,556
Likes: 11
1721
Do you honestly believe we will show the profits needed to produce a contract 2 or 3 years from now that equals or exceeds the gains and time value of money we could have had with the promised on time contract? I do fully realize that is hindsight and no one including me expected Covid. The union did however tell us that they were going to produce a on time contract.
There was no such thing as an on time contract. Management didn’t even have a section 3 proposal. Please point out where the union said an on time contract.
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09-25-2020 | 10:34 AM
#450
Gets Weekends Off
Joined: Mar 2015
Posts: 13,233
Likes: 682
From: ir.delta.com
Do you honestly believe we will show the profits needed to produce a contract 2 or 3 years from now that equals or exceeds the gains and time value of money we could have had with the promised on time contract? I do fully realize that is hindsight and no one including me expected Covid. The union did however tell us that they were going to produce a on time contract.
