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If the company one works for isnt sharing in the gain I dont really think it matters if they turn a profit or not.
We arent getting anything in return for AMR's return to profitability so who cares if they are making money.
The twu went to the company on their knees with their pants around their ankles asking for some more stock options. The company laughed and told them to get F%&#ed.
It seems the only people sharing in the gain are the upper crust. Maybe if AMR wasnt making a profit the execs wouldnt be reaping the rewards just like the employees arent. Its not envy its corporate greed at its finest.
All I can say is that it's sometimes good to be the boss. The rest of the time, it really sucks.
Bears, I'm not sure if Medicare covers it, but you need some serious psychological help...
Well, yeah, it is a crying shame that Arpey didn't open the checkbook and give away a pile of money to labor even though labor failed to negotiate that upside. Grandparents are known for showering their grandkids with unearned riches; employers rarely do so.
Needless to say I proceeded to the locker room to change. The more they reward themselves the more I dont care.
You got the upside that your union negotiated in 2003 (the 35 million non-management options) and the greedy bastard execs got the upside they negotiated for in 2003 (the PUP/PSP payouts). You just don't like the amounts.
Good luck replacing that crappy union of yours.
I assume you're talking about this:
http://www.twu.org/divisions/air/pdfs/TWUR...ew3-13-07_2.pdf
http://www.twu.org/divisions/air/pdfs/AARE...oposalLtr_3.pdf
Your worthless union waited four years too long to demand additional variable compensation. Waiting until March, 2007 is a lot like asking to increase your bet as soon as you're dealt a blackjack. The time to demand additional stock options was in February and March of 2003, not 2007. Your union leaders were fools for asking for more options in 2007. I'd have told your idiot union leaders to pound sand as well. You want variable compensation? Then negotiate for it before the company succeeds.
Good luck replacing that crappy union of yours.
Again, the numbers distortion game is being played here.
35 million options? Divided by how many?
I got 449 shares, some employees less, some more.
The 35 million sounds so large until it gets divided by nearly 80,000 people.
EXECS get to negotiate their packages with their PEERS!!!!!!!!!!!! It's the same old boys club, FWAAA.
THEY SIT AT THE TOP TAKING CARE OF THEMSLEVES WHILE THE REST OF US CAN "GO EAT CAKE"
If we had a real union who was not in bed with the company and would get tough with the greedy company, you would be the first to say how "BAD, GREEDY, AND UNREALISTIC" THE UNIONS ARE BEING.
I've heard it all before.
WHEN THE UNIONS DEMAND WAGE AND BENEFIT INCREASES, THEY ARE BAD FOR THE COMPANY AND THE COUNTRY
BUT WHEN THE EXECUTIVES NEGOTIATE OBSCENE WAGE AND BENEFIT PACKAGES, ITS BECAUSE OF MARKET RATE.
Hopeful,
To be fair, I've got to agree with FWAAA, on this one point(WHICH YOU + I + OTHERS KNOW SOOOOO WELL), and that is.......our #1 ENEMY, is not AA management(...THOUGH they ARE almost in a virtual TIE for the #1 spot), ...It's the SPINELESS MOTHER ****ERS that keep you guys from dumping the VILE TWU, "EXCLUSIVELY" the "MAJORITY" of our "fellow Brothers"("WHAT A ****ING JOKE THAT IS), that punch in every day in good ol' TULSA, OKIE-HOMA :down: :down:
Be honest.
If (HYPOTHETICALLY), I gave you a pistol, with 1 lone round in the chamber.....and said that you could eradicate(without any penalty to yourself) ..."1" of the following individuals.
A. Arpey
or
B. Jim(CHICKEN) little
YOU and I both know what your answer would be !!!!
I know it SUCKS, and I felt your pain, while I was active.
Regards,
NH/BB's
Well "FIXER", call it what you may.(Mature/Inmature), I don't really "give a RATS A$$"
The lone problem(as FWAAA mentioned), is Ourselves, and "THE" single, most reason why the twu STAYS on the property......TULSA !!!!!!!!!!
(Who was the famous person, who coined the phrase.."We have met the ENEMY, and it is US")
Gentlemen/ladies......."It IS what it IS" !
NH/BB's