Airline Pilot Central Forums - Company reneged on pay package

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- Envoy Airlines (https://www.airlinepilotforums.com/envoy-airlines/)

- - Company reneged on pay package (https://www.airlinepilotforums.com/envoy-airlines/122386-company-reneged-pay-package.html)

Quote:

Originally Posted by Erich518 (Post 2840136)

You’re vastly overestimate the resources the company spares on these current type of negotiations.

Really? Last I checked Ford & Harrison isn’t cheap. They get their own line item in the stock holders report.

Quote:

Originally Posted by NoValueAviator (Post 2840184)

They wanna give bonuses, lol. Scum.

Edit: forgot and negotiated in public

Company negotiating in public to garner responses that they can later use in their defense should litigation arise from their failure to bargain in good faith.
I’d encourage all to not respond publicly or in private anything management could use later

Contact your reps or P2P

Quote:

Originally Posted by Erich518 (Post 2840136)

You’re vastly overestimate the resources the company spares on these current type of negotiations.

You may be right, i'm not in the General Counsel's office (the guy that has to defend and budget spending on internal/external counsel).

From experience in these things though, it's pretty easy math. AAG is a 14B market cap company with 44B in revenue...but ~$1.4 B in net. I've worked for ~2.5 Billion market cap companies that the General Counsel had a budget of over $20MM a year.

Facing a contract increase that could be easily $5MM to $10MM per year, it's pretty easy to math to drop $1.5 MM on outside counsel.

If you are right though, it's even more depressing for the pilots of Envoy. That means you just got smoked by a couple of C student schmucks working 9-5 for the company.

Quote:

Originally Posted by LowerLoon185 (Post 2840258)

AMR/AAG legal had a $31M budget and an army of lawyers on staff as far back as 2010. Can’t imagine it’s gotten any smaller from what I’ve seen they’ve taken on more at each level of the corporation and subsidiaries.... not to mention the contracted firm F&H to specifically handle labor.

Quote:

Originally Posted by Cujo665 (Post 2840281)

Yep, serious business for sure. I tell guys don't underestimate how much "the will to win" plays into this as well. The internal counsel staff almost always kicks this external; juniors start at $250/hr, Sr's at $500, and Principals at $750 plus at most firms that handle this work. I've expert witnessed on a couple of these that had an exposure of only $3.5MM to the company. Bill for that was over $1.0MM.

Quote:

Originally Posted by LowerLoon185 (Post 2840289)

I think I went into the wrong damn profession.

Huh? You guys in this for the money?

I question the need for any ENY management given the fact they have no real authority at all.

I mean seriously, what’s the point of any of them being there?

Quote:

Originally Posted by BigZ (Post 2840323)

Huh? You guys in this for the money?

Not according to management, clearly.