Timbo, if I may correct you. Delta didn't pay United Health Care 15 million for Anderson. It put 15 million in contract incentives if Delta met certain financial goals. Even with that he left a lot, and I mean a lot, of cash on the table by coming to Delta.

Executive Suite: Delta chief takes unlikely flight path - USATODAY.com

"Anderson decided to return to the airline industry, despite a pay cut to about $1.5 million annually in salary and bonus. Anderson potentially could earn as much as $15 million in three years from Delta if a special incentive package created to partially offset the pay cut he took pays out fully. He could have earned several times that had he stayed at UnitedHealth.

Anderson says the attraction of returning to the industry is the "intellectual challenge of trying to make an important, long-lasting change in how … airlines are managed." Specifically, he says, Delta is positioned to show that airlines need not be vulnerable to the cyclical swings that have marked the industry's history."

 

First of all, I'm not one that vilifies Richard. I've known him and watched his career progress for a long time now. I think he's a relatively good CEO. I do NOT feel that way about our #2 guy. Kinda like FTB's video from a few weeks back: "Honeybastian is pretty badass, he just goes where he wants...Honeybastian don't give a sh!t."

With regard to seeing ghosts behind every management decision, again that's not my fear. I know they're not looking out for my interest, they're looking out for shareholder interest. My fear is the decisions DALPA is making for me...especially, the unelected MEC bureaucrats that craft LOA language and MOU langauge, then SIGN THEM INTO EFFECT without any LEC input whatsoever.

Carl

 

FYI;
We are all "IN" alpa. I derived this from reading the PWA and the associated documents.

FWI, there is no downside protection for the other pilots and or companies either.

 

Geez man. Certainly you must know by now that I won't fall for you changing the subject and answering questions with more questions. This has nothing to do with the subject you keep ducking. The subject is: Your assertion that American is where they are because of their lack of JV's and code share. That was BS and you know it. If it were true, Southwest would be bankrupt. Show me any published report that states American's trouble are because of a lack of JV's and code share.

For the rest of the audience, alfaromeo will do no such thing. Like he's done so many times before when he's caught spinning and lying, he'll disappear deep into the witness protection program, then come out later when he thinks people have forgotten the last time he got caught.

I know it must sound like vitriol to you. You're not used to being called out trying to con people. But I've got your number, and many others do too. You're an MEC bureaucrat that is part of our problem, not part of our solution. In your world, you just need that full time FPL to continue so you can continue to NOT live under the contract like the rest of us. Why you do what you do is unknown. But to come here and spin the way you do is shameful. No amount of FPL would be worth it to me.

My assertions are easy to find. Try Yahoo finance or any other data provider. But now for YOUR bold assertion (read lies): American is in the trouble its in now because of a lack of JV's and code share? Still waiting for you to EVER back that one up.

Carl

 

Don't feel to bad for RA. Here is a article where he was voted the number 10 spot in the 10 greediest men in America. The only non banker to make the list in 2009.
\
America’s airlines have been flying, for the most part, under the media radar ever since the nation’s banks went into meltdown mode, and that suits Delta CEO Richard Anderson just fine.
Delta, now the world’s biggest airline, has been richly rewarding Anderson ever since he became the airline’s top exec in September 2007. If folks were paying attention, they might wonder why. Delta, after all, lost $8.9 billion in 2008. In 2009, Delta and other U.S. carriers, says the International Air Transport Association, will likely lose a combined $1 billion.
Passengers are certainly feeling this red ink. Delta and other carriers have been trimming seating capacity, a move, notes the Orlando Sentinel, designed to “enable them to raise ticket prices more often.” Delta is also squeezing passengers with airport bag fees. In August, the airline’s bag charges bounded to $20 for the first bag and $30 for the second.
Anderson and his family, meanwhile, don’t just fly free on Delta. The airline also pays the taxes due on Anderson’s free tickets -- and lots more, too.
For agreeing to become Delta’s chief, 28 months ago, Anderson picked up $8.5 million in stock awards. Seven months later, another $3.4 million. Six months after that, to celebrate the Delta-Northwest merger, more options to buy Delta stock, worth $7.3 million, and more actual shares, worth $6.1 million.
With all those rewards, Anderson must be devoting every waking hour to making Delta soar, right? Well, almost every waking hour. Anderson has been spending some of his precious hours serving on the corporate board of Medtronic, a medical tech firm. In 2009, from the good people at Medtronic, he’ll pocket $188,000 for his directorship services.
9: George David/Marie Douglas-David
This power couple hit the headlines last March

 

Unfortunately, "we heard you loud and clear" is all we're going to get. We'll see no survey results...not even a summary. And we'll see no opener (even after the company sees it). This last point might change with a huge amount of pressure from us, but right now that's the MEC position.

Carl

 

That is why I truly wonder if they are going to survive this trip in to CH11. It is self evident that they recognize this by not applying for DIP financing. They really are a merger fragmentation target.

 

Ain't that something! That kid's amazing.

Carl

 

Carl;
I have a question for you. You are a business man and understand strategy correct? Why do you expect to see the min positions of this pilot group so that the company can see what our mins are? That makes no sense to me. I also suspect we may see the opener after they are exchanged. It may not be right after but we may see them. That is if we get to section 6 before we are thrown in to something. This AMR filing really throws a lot in to flux. If anything it may tighten the bandwidth many airlines were looking at for further consolidation.

 

Totally up to the judge and how much HE decides to delete of AMR's debt. Debt is the key to AMR's exit from bankruptcy in any recognizable form.

Carl