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Old 04-08-2014, 10:25 AM
  #153451  
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Originally Posted by Karnak View Post
Paying down the debt is important. Making the stock "investment grade" is important. Paying the pension debt down ahead of schedule is important. Buying new aircraft to replace aging aircraft is important. Buying aircraft to grow is important.

The message I get from the MEC is that it's better to negotiate with a successful enterprise, than a money losing one. A brief glance at contract history might help you see that.

Good luck!
Do you work in management or ALPA?
Or both?
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Old 04-08-2014, 10:32 AM
  #153452  
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Originally Posted by shiznit View Post
Surely you jest.....

2008:
NWA . . 757 - $144.41

NWA . . 330 - $161.52 (+$17.11)
DAL . . .757 - $159.98 (+$15.57)

Using the rate YOU had at NWA for the 757, it definitely wasn't a WB payrate; I completely agree!

The DAL contract certainly seemed to have the 757 pay in line with your historical definition of WB pay differential.

Wide body vs narrow body pay, right?


How does that turn into a north vs south deferential?
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Old 04-08-2014, 10:33 AM
  #153453  
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Originally Posted by TOGA LK View Post
I know quite a few guys in the generations ahead of you that still think we are not seeing the whole picture.
This is an interesting point--the generational gap in "what matters" when it comes to compensation.

Several studies out there--seems like the "baby boomers" are generally happy to make as much money as possible, even if it means working more. Later generations seek good money, it's true, but also value other forms of compensation very highly--especially time off.

Those are some broad generalizations, certainly. But suffice to say it's not all about straight cash anymore for many younger guys. ALPA ought to consider these generational differences...but it's pretty unlikely when all the fat cats are baby boomers.
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Old 04-08-2014, 10:43 AM
  #153454  
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Originally Posted by newKnow View Post
Wide body vs narrow body pay, right?


How does that turn into a north vs south deferential?
Gszg is attempting to revise a set of events that he had no part of and spin it to be something it is and was not. His premise was incorrect and so his result was incorrect.

It's not a N/S thing, it's a "gszg is wrong" thing. Sorry if it came across that way. 99.9% of the unified pilot group doesn't measure by the size of their pay rates... For some reason gszg feels the need to make arguments that don't work in reality, but he's pretty much batsh!t crazy so it was my mistake to even address any of his rant.

My apologies if any offense was taken.
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Old 04-08-2014, 11:09 AM
  #153455  
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Originally Posted by shiznit View Post
Gszg is attempting to revise a set of events that he had no part of and spin it to be something it is and was not. His premise was incorrect and so his result was incorrect.

It's not a N/S thing, it's a "gszg is wrong" thing. Sorry if it came across that way. 99.9% of the unified pilot group doesn't measure by the size of their pay rates... For some reason gszg feels the need to make arguments that don't work in reality, but he's pretty much batsh!t crazy so it was my mistake to even address any of his rant.

My apologies if any offense was taken.
I've got thick skin. No problems. I was just wondering.
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Old 04-08-2014, 11:12 AM
  #153456  
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Originally Posted by forgot to bid View Post
Now if aliens attack the United States and its up to Delta pilots to fight them off by flying the line by flying Douglas products, I still don't think we can get 12,000 pilots unified.
I'd have to see how bad the conditions of the salt mines would actually be.

Then again everyone likes salt, especially Americans. How bad can they be?
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Old 04-08-2014, 11:22 AM
  #153457  
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Originally Posted by sailingfun View Post
Note: current management is awash in stock options. They are pushing hard to raise the stock price because they state it's very good for the company. It's also very good for them and I am sure is a factor in making choices between short term stock gains and the long term business plan. It's only human nature for it to be in the back of their minds.
And a $500 million stock buyback with the stock at even $30 will make how much difference in the stock price? Be sure to factor in that we have around 850 million shares outstanding.... This stock buyback is about something else, and it is nothing nefarious. Personally I think it makes way more sense to use that $500 mil to pay down debt. THe ROI is much much better, but I totally understand their logic in buying stock.
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Old 04-08-2014, 11:31 AM
  #153458  
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Originally Posted by shiznit View Post
Surely you jest.....

2008:
NWA . . 757 - $144.41

NWA . . 330 - $161.52 (+$17.11)
DAL . . .757 - $159.98 (+$15.57)

Using the rate YOU had at NWA for the 757, it definitely wasn't a WB payrate; I completely agree!

The DAL contract certainly seemed to have the 757 pay in line with your historical definition of WB pay differential.


Our rates were lower, but we kept our pension.


Tr
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Old 04-08-2014, 11:45 AM
  #153459  
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Originally Posted by shiznit View Post
Gszg is attempting to revise a set of events that he had no part of and spin it to be something it is and was not. His premise was incorrect and so his result was incorrect.

It's not a N/S thing, it's a "gszg is wrong" thing. Sorry if it came across that way. 99.9% of the unified pilot group doesn't measure by the size of their pay rates... For some reason gszg feels the need to make arguments that don't work in reality, but he's pretty much batsh!t crazy so it was my mistake to even address any of his rant.

My apologies if any offense was taken.

+717.............
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Old 04-08-2014, 11:48 AM
  #153460  
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Originally Posted by tsquare View Post
And a $500 million stock buyback with the stock at even $30 will make how much difference in the stock price? Be sure to factor in that we have around 850 million shares outstanding.... This stock buyback is about something else, and it is nothing nefarious. Personally I think it makes way more sense to use that $500 mil to pay down debt. THe ROI is much much better, but I totally understand their logic in buying stock.
I don't. When a company buys back its stock, does it in any way gain more control? Say, if a company has a million shares out there and buys back 999,999 of them and some little old man has one share at the bottom of his sock drawer, does he go from 0.000001% ownership to 100% ownership? Or does the company basically shed its obligation to outside influences? (yes I know that's over simplistic but my question is do stock buybacks reduce the influence of current shareholders)?
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