Alpa Does One For The Gipper

[BoeingBoy]

Industry Observer,

IIRC, that applies to his first "advisory" before BK1. I can certainly offer no proof that it's true, but it is the "conventional wisdom" floating around and no one in a position to know better has even claimed it isn't true.

Whether the deal is the same this time, I don't know except that (just like last time) the company ultimately pays his fee.

I also recall that Holly says she could find little in the way of credentials on Glazner that would qualify him as a "financial expert" or something like that.
.
Jim

 

[E-TRONS]

The latest edition from Holly Hegeman's Planebusiness Banter is an interesting read. Since her newsletter is copyrighted, I will give an excerpt from my view.

ALPA's financial advisor Michael Glanzer would be paid a one-time fee if the pilots agreed to concessions, this fee would be approx $1 million. If the pilots didn't agree to concessions he would be paid an hourly fee. ALPA did not pay for his services from CCY paid the fees. Holly sums up the article that Glanzer's services were only a company rubber stamp of what they need and not really a 3rd party financial analysis.

Anyone know if this is true?

[post="170306"][/post]​

What.....This surprises you?????

 

[USA320Pilot]

BoingBoy's comments are accuarte and Hegeman's comments are inaccurate. Glanzer's $1 million dollar fee was paid by the company and was negotiated by ALPA. Glanzer worked on and negtoiated the restricted stock plan and was paid for his service by the airline, not the union.

Respectfully,

USA320Pilot