Equity in the new company??
08-26-2010, 03:41 PM
#1
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Position: A320 F/O
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Equity in the new company??
One can possibly expect to receive equity in the new company, such as Delta/NWA.... I know this has been discussed here, but I can't find the threads... What was the average equity pay out to the DL/NW pilots? Was it put into their B plans, or paid cash? Did they get it immediately, or was there a wait period? Was the pay out based on earnings, longevity, seat/category?
Just curious what the DL/NW pilots experience was, and if that is what the UAL/CAL pilots should expect?? more, less, the same? Any ideas?
Thanks, GB
Just curious what the DL/NW pilots experience was, and if that is what the UAL/CAL pilots should expect?? more, less, the same? Any ideas?
Thanks, GB
08-26-2010, 04:24 PM
#2
Keep Calm Chive ON
Joined APC: Feb 2008
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As far as the topic, this is something that CAL's MEC Chair has been preaching from the start as far as that being one of the "Corner Stones" in any type of 'successful' merger for 'his' pilot's.
Can't speak specifically on anything thing that Wendy has said on the UAL side, but I would guess that she would be along the same lines for her pilot's as well.
Outside of that, I have not a clue as far as numbers in the DAL/NWA Marriage.....good question though. Hopefully some of the DAL guys/gals stop by to weigh-in on the topic.
Can't speak specifically on anything thing that Wendy has said on the UAL side, but I would guess that she would be along the same lines for her pilot's as well.
Outside of that, I have not a clue as far as numbers in the DAL/NWA Marriage.....good question though. Hopefully some of the DAL guys/gals stop by to weigh-in on the topic.
08-26-2010, 04:47 PM
#3
Gets Weekends Off
Joined APC: Feb 2008
Posts: 2,539
Originally Posted by GEARBUBBA
One can possibly expect to receive equity in the new company, such as Delta/NWA.... I know this has been discussed here, but I can't find the threads... What was the average equity pay out to the DL/NW pilots? Was it put into their B plans, or paid cash? Did they get it immediately, or was there a wait period? Was the pay out based on earnings, longevity, seat/category?
Just curious what the DL/NW pilots experience was, and if that is what the UAL/CAL pilots should expect?? more, less, the same? Any ideas?
Thanks, GB
Just curious what the DL/NW pilots experience was, and if that is what the UAL/CAL pilots should expect?? more, less, the same? Any ideas?
Thanks, GB
As to the UAL/CAL experience, you'll get what you negotiate and the shareowners approve as part of a merger deal. Equity comes straight out of the common shareholder value, so it will be a tough negotiation.
Hope this helps.
08-27-2010, 03:46 AM
#5
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Thanks, sloplay!! What was cash value? 4000(what stock price? around 10/share?) We had a similar thing happen at UA with BK exit/equity and they filled 403Bs up for 2 years, leaving an estimated buffer of what your B and C contribution would be... so essentially you couldn't contribute the 16K per year for two years (good thing 
).... Did you get a retro check, as well, for the JCBA? If so, was it a 100 percent back to the amendable date?
Thanks for sharing your experience, I appreciate it!
).... Did you get a retro check, as well, for the JCBA? If so, was it a 100 percent back to the amendable date?Thanks for sharing your experience, I appreciate it!
08-27-2010, 07:04 AM
#6
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Joined APC: Feb 2009
Position: right for a long, long time
Posts: 2,642
Originally Posted by GEARBUBBA
Thanks, sloplay!! What was cash value? 4000(what stock price? around 10/share?) We had a similar thing happen at UA with BK exit/equity and they filled 403Bs up for 2 years, leaving an estimated buffer of what your B and C contribution would be... so essentially you couldn't contribute the 16K per year for two years (good thing ).... Did you get a retro check, as well, for the JCBA? If so, was it a 100 percent back to the amendable date?
Thanks for sharing your experience, I appreciate it!
).... Did you get a retro check, as well, for the JCBA? If so, was it a 100 percent back to the amendable date?Thanks for sharing your experience, I appreciate it!
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