Company reneged on pay package
06-18-2019 | 03:24 AM
#81
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Nope, never said management is cool. Just that if you would stick to facts, then I wouldn't need to correct you.
re. the reneg fiasco, management 100% sucks, no argument there.
MEC said they negotiated the deal in a day, so hoping we will get an update pretty soon. That's all I've got to say about that. And I donated to the gofundme.
re. the reneg fiasco, management 100% sucks, no argument there.
MEC said they negotiated the deal in a day, so hoping we will get an update pretty soon. That's all I've got to say about that. And I donated to the gofundme.
06-18-2019 | 03:28 AM
#82
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If you honestly think the whole deal was done, well, I dont know what to say. Yeah they spent an intense day of negotiations hammering out the last details, but that certainly didn't encompass the entire process.
I hope our MEC now comes back asking for more to be honest.
I hope our MEC now comes back asking for more to be honest.
06-18-2019 | 06:27 AM
#83
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I don't have a dog in the fight, so to speak...but this stuff affects us all. I was looking at AAG's quarterly reports/press releases, does anyone know if Envoy specifically has a board and who those members are? Tough to find on the interweb...or maybe it's just me. Easy to find for AAG.
06-18-2019 | 06:33 AM
#84
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I don't have a dog in the fight, so to speak...but this stuff affects us all. I was looking at AAG's quarterly reports/press releases, does anyone know if Envoy specifically has a board and who those members are? Tough to find on the interweb...or maybe it's just me. Easy to find for AAG.
Pedro is the only representative I think. Otherwise, our executive board is AAG, we don’t get one because we are a subsidiary
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06-18-2019 | 06:49 AM
#85
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Compensation, budgets, bonuses, high value contracts, everything has to be presented to the board for final approval. The subsidiary's executive team has little say so other than making the recommendation to the board. If you've ever been in the board meeting of a publicly traded company..those can go off the rails quickly in a direction you have little control over.
06-18-2019 | 06:55 AM
#86
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From: 175 CA
That's exactly what it's looking like. Having been on the executive side of things in another industry, this is going to be tough with almost no leverage realistically. "Wholly Owned" is just that....wholly owned. AAG's board (or insert any parent in any industry) is the decision maker. I sure hope that the negotiators knew full well that they were not talking to the guys that could say yea or nay.
Compensation, budgets, bonuses, high value contracts, everything has to be presented to the board for final approval. The subsidiary's executive team has little say so other than making the recommendation to the board. If you've ever been in the board meeting of a publicly traded company..those can go off the rails quickly in a direction you have little control over.
Compensation, budgets, bonuses, high value contracts, everything has to be presented to the board for final approval. The subsidiary's executive team has little say so other than making the recommendation to the board. If you've ever been in the board meeting of a publicly traded company..those can go off the rails quickly in a direction you have little control over.
If the company sends negotiators that negotiate poorly, it's the company's (managements) problem. Period. If Envoy were to sign a contract with Embraer (or any outside company) and the board tried to reneg, they would get their a**** sued off.
If the company couldn't negotiate the terms they did, then they shouldn't have. It's not the union's fault that the company got outfoxed.
They signed an agreement, and they need to be held to it.
06-18-2019 | 07:06 AM
#87
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What a stupid argument.
If the company sends negotiators that negotiate poorly, it's the company's (managements) problem. Period. If Envoy were to sign a contract with Embraer (or any outside company) and the board tried to reneg, they would get their a**** sued off.
If the company couldn't negotiate the terms they did, then they shouldn't have. It's not the union's fault that the company got outfoxed.
They signed an agreement, and they need to be held to it.
If the company sends negotiators that negotiate poorly, it's the company's (managements) problem. Period. If Envoy were to sign a contract with Embraer (or any outside company) and the board tried to reneg, they would get their a**** sued off.
If the company couldn't negotiate the terms they did, then they shouldn't have. It's not the union's fault that the company got outfoxed.
They signed an agreement, and they need to be held to it.
06-18-2019 | 07:11 AM
#88
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What a stupid argument.
If the company sends negotiators that negotiate poorly, it's the company's (managements) problem. Period. If Envoy were to sign a contract with Embraer (or any outside company) and the board tried to reneg, they would get their a**** sued off.
If the company couldn't negotiate the terms they did, then they shouldn't have. It's not the union's fault that the company got outfoxed.
They signed an agreement, and they need to be held to it.
If the company sends negotiators that negotiate poorly, it's the company's (managements) problem. Period. If Envoy were to sign a contract with Embraer (or any outside company) and the board tried to reneg, they would get their a**** sued off.
If the company couldn't negotiate the terms they did, then they shouldn't have. It's not the union's fault that the company got outfoxed.
They signed an agreement, and they need to be held to it.
What they signed was an "Agreement in Principle"....by definition that is not a contract. It's not binding and anyone working at that level should know that. Knife to a gunfight.
If you re-read what the union rep wrote..it's stated clearly that they knew what they were signing and it was not a done deal.
Once the Agreement in Principle is signed, the significant terms of an agreement are in place and the negotiating process is essentially over, with the tenets of the deal in place. The next step is drafting and editing contract language implementing the essential terms of the agreement.
That last sentence represents in my experience several more weeks of work, and further "ironing out" that can be a bare knuckles fight.
06-18-2019 | 07:23 AM
#89
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Joined: Mar 2017
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It's actually not an argument, but i can see you have a lot of passion around it.
What they signed was an "Agreement in Principle"....by definition that is not a contract. It's not binding and anyone working at that level should know that. Knife to a gunfight.
If you re-read what the union rep wrote..it's stated clearly that they knew what they were signing and it was not a done deal.
That last sentence represents in my experience several more weeks of work, and further "ironing out" that can be a bare knuckles fight.
What they signed was an "Agreement in Principle"....by definition that is not a contract. It's not binding and anyone working at that level should know that. Knife to a gunfight.
If you re-read what the union rep wrote..it's stated clearly that they knew what they were signing and it was not a done deal.
Once the Agreement in Principle is signed, the significant terms of an agreement are in place and the negotiating process is essentially over, with the tenets of the deal in place. The next step is drafting and editing contract language implementing the essential terms of the agreement.
That last sentence represents in my experience several more weeks of work, and further "ironing out" that can be a bare knuckles fight.
06-18-2019 | 07:44 AM
#90
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Joined: Feb 2014
Posts: 3,578
Likes: 48
From: Semi-Retired...
That's exactly what it's looking like. Having been on the executive side of things in another industry, this is going to be tough with almost no leverage realistically. "Wholly Owned" is just that....wholly owned. AAG's board (or insert any parent in any industry) is the decision maker. I sure hope that the negotiators knew full well that they were not talking to the guys that could say yea or nay.
Compensation, budgets, bonuses, high value contracts, everything has to be presented to the board for final approval. The subsidiary's executive team has little say so other than making the recommendation to the board. If you've ever been in the board meeting of a publicly traded company..those can go off the rails quickly in a direction you have little control over.
Compensation, budgets, bonuses, high value contracts, everything has to be presented to the board for final approval. The subsidiary's executive team has little say so other than making the recommendation to the board. If you've ever been in the board meeting of a publicly traded company..those can go off the rails quickly in a direction you have little control over.
If they agreed to something, then they had authority to in advance.
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