- Aug 20, 2002
- 7,319
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- Thread Starter
- Thread starter
- #16
Better than the alternative.I was born a smart ass. It's the only way I survived 15 years at HDQ.
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Better than the alternative.I was born a smart ass. It's the only way I survived 15 years at HDQ.
OK, so fees and expenses have come to ~60M after six months. It's not something I'd waste too much time getting worked up over...
Let's assume the run rate continues at $10M per month, and the end bill is around $200M.
If AMR hits the $2B savings target for just two years (likely), that works out to 5% commission. That's not even taking into consideration revenue improvements. If it works out to a 10% commission, there's still a significant savings being realized the company couldn't manage to obtain outside of the courthouse.
Some people pay realtors 3-6% to help them sell a house. Even in a short sale, the mortgage holder is paying out a 5% commission to the realtors so that they can get the property off the books.
You guys pay two hours a month to the union, right? What's the net savings you're realizing from that 1.1% commission?
At least you were smart enough to know when to get out! Some of these people don't have the luxury of doing that!! And then there are those like this!: (Click on "watch on youtube.) ----Doesn't this all sound familar? It should!!! "http://www.youtube.com/watch?NR=1&v=CT0L7wAKxG8&feature=endscreenI was born a smart ass. It's the only way I survived 15 years at HDQ.
5 posts since you joined and just to get some attention.Carty, Is that you?
If this LBO passes this will be on a Tulsa news channel in a year at most!!
No Hopeful, I don't think he meant it that way!Oh, it won't stop there..it will be on every news and business outlet accompanied by a statement of "HOW A CONSENUAL DEAL WAS REACHED TO SAVE THOUSANDS OF JOBS.....ETC. ETC. ETC. ETC.ETC.ETC.ETC.ETC
No Hopeful, I don't think he meant it that way!