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Originally Posted by Excargodog
(Post 3421081)
I’m not sure they do. Management has SOLD THE PLACE. They got theirs, out of the 1/2% of the equity they own and the golden parachutes they built into the deal for themselves. Right now they are busy buffing and polishing their own résumés and doing their own interviewing. Tha survival (or not) of NK at this point may not matter to them.
The only ones with a huge vested interest in NK right now are the senior pilots and the big stock owners. And hopefully nobody is both because that is a potential single point of failure. and ALL 8 sit on no less than 3 boards at other companies, with some having as many as 8 board seats. Those folks wear many hats at various companies, I’m sure they’ll land in their feet just fine. this ‘golden parachute’ parachute is a cute argument but to me falls flat. I would argue the best golden parachute they could have taken would have been take the initial $33 offer from B6, made their thousands/millions in payout with no deference to shareholders and been long gone. Also as I mentioned in another thread, if 5 board seats go to F9 then why did the 4 others vote themselves out of $33 AND a seat on the new board? The board voted 9-0. Leaving 4 folks without seats. Essentially 44% of the board turned down $33 a share AND a seat position, yet somehow they all did it for themselves. Not buying it. im going with the current narrative. Seems more realistic to me. The B6 merger faces hurdles with untold many months before completion if ever.the fact that JetBlue has 2 major out clauses in the Convening time to walk away leaves the NK shareholders with all the downside risk falling to them. So you MAY get $30 a share in 18-24 months, and if not here is a paltry $1.80 per share (200 million breakup fee) for your time. Again I don’t see the value. I feel the value lies in owning 48% of what could be a large, profitable airline versus a one time buyout of $30 on some distant date.. if the F9 deal doesn’t pass then fine. They said they will plan to remain stand-alone. And we are right back to where we are today. No harm an Foul. I see why they voted 9-0 and im completely on board with it. |
Originally Posted by FlyGuy2002
(Post 3428669)
So much hyperbole here. Do a little research. Youll find the 8 of spirits BODs are independent. Christie being the one that isn’t. ALL 8 of those board members have quite stellar resumes,
and ALL 8 sit on no less than 3 boards at other companies, with some having as many as 8 board seats. Those folks wear many hats at various companies, I’m sure they’ll land in their feet just fine. this ‘golden parachute’ parachute is a cute argument but to me falls flat. I would argue the best golden parachute they could have taken would have been take the initial $33 offer from B6, made their thousands/millions in payout with no deference to shareholders and been long gone. Also as I mentioned in another thread, if 5 board seats go to F9 then why did the 4 others vote themselves out of $33 AND a seat on the new board? The board voted 9-0. Leaving 4 folks without seats. Essentially 44% of the board turned down $33 a share AND a seat position, yet somehow they all did it for themselves. Not buying it. im going with the current narrative. Seems more realistic to me. The B6 merger faces hurdles with untold many months before completion if ever.the fact that JetBlue has 2 major out clauses in the Convening time to walk away leaves the NK shareholders with all the downside risk falling to them. So you MAY get $30 a share in 18-24 months, and if not here is a paltry $1.80 per share (200 million breakup fee) for your time. Again I don’t see the value. I feel the value lies in owning 48% of what could be a large, profitable airline versus a one time buyout of $30 on some distant date.. if the F9 deal doesn’t pass then fine. They said they will plan to remain stand-alone. And we are right back to where we are today. No harm an Foul. I see why they voted 9-0 and im completely on board with it. Sent from my Pixel 3a using Tapatalk |
Originally Posted by Halon1211
(Post 3428605)
could you please explain how your QOL has been eroding away?
and what is a “greedy” pairing? Are they forcing you to fly and not get paid? I’m on the edge of my seat to hear what a greedy pairing is. |
Originally Posted by YellowBanana
(Post 3428694)
A 4 day trip with 3 “duty periods” and a 23:59 layover that credits 15 hours is pretty greedy IMHO. That’s just one example.
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Originally Posted by YellowBanana
(Post 3428694)
A 4 day trip with 3 “duty periods” and a 23:59 layover that credits 15 hours is pretty greedy IMHO. That’s just one example.
Sent from my Pixel 3a using Tapatalk |
Originally Posted by JulesWinfield
(Post 3428699)
Also, plenty of 10 hour 3 days.
How is this constructed? Double redeye? |
Attrition
LAS Report 2100
Red eye to east coast 23:55 layover (5 min shy of trigger for additional 5 hour pay) 0700 East coast report for flight back to LAS |
Originally Posted by YellowBanana
(Post 3428694)
A 4 day trip with 3 “duty periods” and a 23:59 layover that credits 15 hours is pretty greedy IMHO. That’s just one example.
And that’s what we have rigs for |
Originally Posted by HogEars
(Post 3428783)
Non nk guy here.
How is this constructed? Double redeye?
Originally Posted by GWY320
(Post 3428788)
LAS Report 2100
Red eye to east coast 23:55 layover (5 min shy of trigger for additional 5 hour pay) 0700 East coast report for flight back to LAS |
Originally Posted by sioux8ships
(Post 3428629)
Nice first post. Morale seems pretty normal to me.
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