you must not be the REAL Mr. Babineaux......he’s not fitting inside any glider.

 

Great. Make sure to tell your reps that you want an ESPP added to our next contract.

 

Ever hear of a WACO? CG-4A?

 

only if you tell yours that we want free and reduced rate travel benefits, too. Boy...imagine having travel benefits in the contract. What I’d give up to get those!! :/

 

Yes, because nothing says TONE DEAF more than worrying about travel benefits and discounted company stock during these times.

May your wish be granted and then United files Ch 11 before your ESPP lockup expires.
Question: what happens to your frozen pension should United have a long conversation with the man in the black robe? I'm sure the PBGC will take good care of you.

 

who is worried about ESPP? 🤷‍♂️

it’s a chat board. For chatting. Take care

 

The CAL ESPP, was not any kind of ESOP, like the UA employees got screwed with, and had Nothing to do with our pension. The CAL ESPP, was gifted to all employees in two waves.First was a small option grant, that no one was obliged to exercise. That was followed by continuing and totally voluntary ESPP, whereby employees could purchase up to a certain number of shares ( can’t remember the limit), each quarter at a 15% discount on the lowest closing price on the first or last trading day of the quarter-iirc. The stock came from the treasury and wasn’t carried on the books I think because it was before GAAT rule changes. I recall the minimum hold time was 6months. Max was 10 years.

In any case the timing was lucky as we went through a fuel crisis, which temporarily depressed share price and some of us got lucky, (me included), and loaded up. I paid for an airplane and part of my kids college fund with those shares. Many gains wound up being tax free for me.

Not sure I would go for it now, under the current situation, but so long as they didn’t come with a cost against our UPA, I think it would be a good idea . That’s very diffferent than an ESOP.

The upside for the company was it did help to shore up the share price, over time.

 

Does Pastor Blaise Hanford at The Free Will Baptist Church in Coushatta LA have one/both of those?

 

They are one and the same.

Are you related to Windy or Mike?

 

After I get furloughed, the temptation to follow Walt’s business model gets more and more tempting each day......