UAL execs to receive 19 million shares of stock
10-22-2005, 04:42 PM
#1
Fun Officer
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Joined APC: Feb 2005
Position: Dallas, Texas
Posts: 515
UAL execs to receive 19 million shares of stock
10-22-2005, 05:45 PM
#2
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Don't worry, the attack hampsters have been unleashed and the UAL MEC is really mad:
via email:
The United MEC today unanimously adopted the following resolution pertaining to UAL management's motion to secure 15 percent of the post-bankruptcy equity in the new United Airlines:
"Whereas, the pilots of United Airlines have provided significant financial leadership when compared to both management and other labor groups in order to save United Airlines from potential liquidation, and
"Whereas, this pilot group has provided over $3 billion dollars in contractual sacrifices, in addition to the decimation of our retirement expectations, and
"Whereas, this pilot group will receive significantly LESS than management’s proposed 15% stock allocation for all our shared sacrifices, and
"Whereas, this proposed windfall is FAR in excess of any level that could possibly be considered fair and equitable, or even normal and customary at the exit of bankruptcy, and
"Therefore Be It Resolved that the UAL-MEC opposes, in the strongest possible terms, the egregious and gluttonous attempt by UAL management to seize 15% of the post bankruptcy equity in our new United Airlines."
via email:
The United MEC today unanimously adopted the following resolution pertaining to UAL management's motion to secure 15 percent of the post-bankruptcy equity in the new United Airlines:
"Whereas, the pilots of United Airlines have provided significant financial leadership when compared to both management and other labor groups in order to save United Airlines from potential liquidation, and
"Whereas, this pilot group has provided over $3 billion dollars in contractual sacrifices, in addition to the decimation of our retirement expectations, and
"Whereas, this pilot group will receive significantly LESS than management’s proposed 15% stock allocation for all our shared sacrifices, and
"Whereas, this proposed windfall is FAR in excess of any level that could possibly be considered fair and equitable, or even normal and customary at the exit of bankruptcy, and
"Therefore Be It Resolved that the UAL-MEC opposes, in the strongest possible terms, the egregious and gluttonous attempt by UAL management to seize 15% of the post bankruptcy equity in our new United Airlines."
10-22-2005, 10:14 PM
#3
Da Man
Joined APC: Feb 2005
Position: DC-10 F/O
Posts: 436
Originally Posted by LDmax
Don't worry, the attack hampsters have been unleashed and the UAL MEC is really mad:
Originally Posted by LDmax
"Therefore Be It Resolved that the UAL-MEC opposes, in the strongest possible terms, the egregious and gluttonous attempt by UAL management to seize 15% of the post bankruptcy equity in our new United Airlines."
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