Haven't Heard About the Extra 4% in Equity to be Held Aside?

[AANOTOK]

I don't write...only read.  B)

 

[WeAAsles]

I don't write...only read.  B)

I like to do both. I'm Irish. (hint)

 

[bob@las-AA]

Sorry folks !! My last post had errors, and I figured I rev a new table.
The last table had a wrong % in a fourmla.
 
 
                                   1st            2nd          3rd          4th       120days
14833.50 | 50% |   $7,416.75 | $148.34 | $148.34 | $148.34 | $6,971.75
14833.50 | 51% |   $7,565.09 | $151.30 | $151.30 | $151.30 | $6,814.51
14833.50 | 52% |   $7,713.42 | $154.27 | $154.27 | $154.27 | $6,657.27
14833.50 | 53% |   $7,861.76 | $157.24 | $157.24 | $157.24 | $6,500.04
14833.50 | 54% |   $8,010.09 | $160.20 | $160.20 | $160.20 | $6,342.80
14833.50 | 55% |   $8,158.43 | $163.17 | $163.17 | $163.17 | $6,185.57
14833.50 | 56% |   $8,306.76 | $166.14 | $166.14 | $166.14 | $6,028.33
14833.50 | 57% |   $8,455.10 | $169.10 | $169.10 | $169.10 | $5,871.10
14833.50 | 58% |   $8,603.43 | $172.07 | $172.07 | $172.07 | $5,713.86
14833.50 | 59% |   $8,751.77 | $175.04 | $175.04 | $175.04 | $5,556.63
14833.50 | 60% |   $8,900.10 | $178.00 | $178.00 | $178.00 | $5,399.39
14833.50 | 61% |   $9,048.44 | $180.97 | $180.97 | $180.97 | $5,242.16
14833.50 | 62% |   $9,196.77 | $183.94 | $183.94 | $183.94 | $5,084.92
14833.50 | 63% |   $9,345.11 | $186.90 | $186.90 | $186.90 | $4,927.69
14833.50 | 64% |   $9,493.44 | $189.87 | $189.87 | $189.87 | $4,770.45
14833.50 | 65% |   $9,641.78 | $192.84 | $192.84 | $192.84 | $4,613.22
14833.50 | 66% |   $9,790.11 | $195.80 | $195.80 | $195.80 | $4,455.98
14833.50 | 67% |   $9,938.45 | $198.77 | $198.77 | $198.77 | $4,298.75
14833.50 | 68% | $10,086.78 | $201.74 | $201.74 | $201.74 | $4,141.51
14833.50 | 69% | $10,235.12 | $204.70 | $204.70 | $204.70 | $3,984.28
14833.50 | 70% | $10,383.45 | $207.67 | $207.67 | $207.67 | $3,827.04
14833.50 | 71% | $10,531.79 | $210.64 | $210.64 | $210.64 | $3,669.81
14833.50 | 72% | $10,680.12 | $213.60 | $213.60 | $213.60 | $3,512.57
14833.50 | 73% | $10,828.46 | $216.57 | $216.57 | $216.57 | $3,355.34
14833.50 | 74% | $10,976.79 | $219.54 | $219.54 | $219.54 | $3,198.10
14833.50 | 75% | $11,125.13 | $222.50 | $222.50 | $222.50 | $3,040.87
14833.50 | 76% | $11,273.46 | $225.47 | $225.47 | $225.47 | $2,883.63
14833.50 | 77% | $11,421.80 | $228.44 | $228.44 | $228.44 | $2,726.40
14833.50 | 78% | $11,570.13 | $231.40 | $231.40 | $231.40 | $2,569.16
14833.50 | 79% | $11,718.47 | $234.37 | $234.37 | $234.37 | $2,411.93
14833.50 | 80% | $11,866.80 | $237.34 | $237.34 | $237.34 | $2,254.69

 

[iluvaa]

No one miscalculated. 3 lawsuits against us were filed in regards to staking a claim on the equity. The judge ultimately determined that there was not enough held in reserve to satisfy the claims if the suits were won in full. If the TWU had not told the company to hold those reserves an injunction would have been filed HALTING all further distributions until the issues were settled.
Anyone can come up with a conspiracy theory but the TWU is certainly not the Illuminati.

god you TWU disgust me I'm ready to be banned from here so I'll just say blow me *****

 

[WeAAsles]

god you TWU disgust me I'm ready to be banned from here so I'll just say blow me ####

The truth doesn't usually fit the formula for those who have an agenda or prefer to live in the particular world they currently enjoy. But the truth doesn't concern itself with anyone's personal feelings or motivations. It simply is reality.

 

[scorpion 2]

AMFA is a union on life support. The only thing that keeps it alive is the RLA and the provision that contracts don't expire, they just become amenable. One day the politicians will come after that provision and bury you just like NWA did. A mom and pop store will never have the clout to stand up to the laws and big box retailers against it. And AMFA made themselves social pariahs within almost the entire labor movement. Keep selling that pipe dream world you're living in. It's certainly better than facing reality I'm sure.

7 write in votes at Usair. Keep the air in your lungs, you need it to continue breathing.

I see. When its AMFA the members aren't the union and when its the twu we are the union.  Have you taken a good look at the membership lately?  The twu dues payers may not be buried but the walking dead is a close description.  
 
Paying equity to the retirees is one thing but using equity to pay the twu's legal expenses is criminal. When negotiations are under way the international uses money from all dues payers not just the group that's negotiating a contract,  so if the bus drivers had to fund some of the legal fees or who ever for this suit than that's just part of belonging to a catch all  industrial union.  

 

[Gman10]

What labor movement? The only labor movement happening today is in a downward spiral. The only people who use that phrase are trying to convince others that the TWU is working for you. Not happening. They also call you Brother/Sister to make you believe they are "Family". Total BS. The TWU and AA laugh at our gullibility.

 

[1AA]

What labor movement? The only labor movement happening today is in a downward spiral. The only people who use that phrase are trying to convince others that the TWU is working for you. Not happening. They also call you Brother/Sister to make you believe they are "Family". Total BS. The TWU and AA laugh at our gullibility.

At one of our local monthly meetings (when we used to have a local and monthly meetings) I remember when we had a International rep visiting us (forgot his name, been so long) he addressed me as brother while answering my question. I stopped him short in his tracks and told him your not my F'n brother so don't refer to me as your brother. The look on his face was priceless.

 

[WeAAsles]

I see. When its AMFA the members aren't the union and when its the twu we are the union.  Have you taken a good look at the membership lately?  The twu dues payers may not be buried but the walking dead is a close description.  
 
Paying equity to the retirees is one thing but using equity to pay the twu's legal expenses is criminal. When negotiations are under way the international uses money from all dues payers not just the group that's negotiating a contract,  so if the bus drivers had to fund some of the legal fees or who ever for this suit than that's just part of belonging to a catch all  industrial union.  

So you just basically answered your own question then. The basic fund is used to negotiate for all dues paying members during negotiations. Hopefully that's to seek noticeable improvements for those who are in the middle of those negotiations. This equity distribution is a completely different animal outside the norms that the union normally handles. It's unique to us and us alone. Why would anyone want the Union to use funds that are meant to assist the collective and maybe organize us into a stronger, larger unit that could potentially give us more sway against those who want to kill us?

And how much do you think those legal expenses are going to be if as I believe the cases will be thrown out of court for no merit? This is not going to amount to anywhere near the cost that was used to defend us through the BK. Probably not even the full price of one single share in the end.

 

[WeAAsles]

What labor movement? The only labor movement happening today is in a downward spiral. The only people who use that phrase are trying to convince others that the TWU is working for you. Not happening. They also call you Brother/Sister to make you believe they are "Family". Total BS. The TWU and AA laugh at our gullibility.

I agree with your first and second comment. But the reason is that we fight more among ourselves more than we do against those who want to slit our throats. I wish that some of you could work for a non union shop for just one month to be reminded or shown what life is like on the other side. Or even simpler go talk to one of your non union counterparts across the field.

I know firsthand what it's like to work for a major non union company (Fed Ex) and get fired for something I didn't do and have zero recourse to fight against that termination. It's hurtful and demoralizing. And it's something I'm not interested in ever taking the risk of going back to.

 

[Gman10]

The TWU was reimbursed by AA for legal costs incurred during BK, $5mil. No cost to TWU for BK. The other Unions were reimbursed as well. 
WeAAsel I appreciate your optimism but we are all along for the ride. Watching the show and hoping it has a happy ending. I've watched this show for 25 years and have seen very few happy endings. TWU will do whatever they want to do.The Locals can ***** and moan all they want and it will not change what the International does. End of story.

 

[Gman10]

To stay on topic people, Members, are suspicious when things are not clear. The TWU has not communicated to the members how much money/shares they are being sued for and the appoximate cost breakdown of the defense of these cases. TWU says we need 5%......er...um ...no....10%........well.....better make it 14%. Who are the plantiffs? What exactly do they want? Are they responsible for legal costs to the TWU if they are unsuccessful? Our "Brothers and Sisters" where?
All the TWU posts is a letter fro, Gary Drummond stating that there are law suits from retirees and we have to defend them, not a lot of information there. The rest of it comes out on this and other boards.

 

[WeAAsles]

The TWU was reimbursed by AA for legal costs incurred during BK, $5mil. No cost to TWU for BK. The other Unions were reimbursed as well. 
WeAAsel I appreciate your optimism but we are all along for the ride. Watching the show and hoping it has a happy ending. I've watched this show for 25 years and have seen very few happy endings. TWU will do whatever they want to do.The Locals can #### and moan all they want and it will not change what the International does. End of story.

 
 

The TWU was reimbursed by AA for legal costs incurred during BK, $5mil. No cost to TWU for BK. The other Unions were reimbursed as well. 
WeAAsel I appreciate your optimism but we are all along for the ride. Watching the show and hoping it has a happy ending. I've watched this show for 25 years and have seen very few happy endings. TWU will do whatever they want to do.The Locals can #### and moan all they want and it will not change what the International does. End of story.

I absolutely don't always agree with things that "people" do within the Int'l. there have been plenty of times I've scratched my head. But I would rather try to fix my house from within rather than tell all my neighbors what's wrong with my house so they can laugh at me. I don't need to abandon it thinking it's beyond repair as other people seem to want.

I may have been off these boards for the last 4 years but I've checked in from time to time at what's going on here. I know I just jumped into a hornet's nest but I really don't give a damn. You guys seem to only have one perspective on here and maybe you need someone to tell you that not everyone out there feels the same way you do. Call it or me whatever you want because I have NO title that you can go after.

 

[WeAAsles]

To stay on topic people, Members, are suspicious when things are not clear. The TWU has not communicated to the members how much money/shares they are being sued for and the appoximate cost breakdown of the defense of these cases. TWU says we need 5%......er...um ...no....10%........well.....better make it 14%. Who are the plantiffs? What exactly do they want? Are they responsible for legal costs to the TWU if they are unsuccessful? Our "Brothers and Sisters" where?
All the TWU posts is a letter fro, Gary Drummond stating that there are law suits from retirees and we have to defend them, not a lot of information there. The rest of it comes out on this and other boards.

You see now here is a post that I agree with 100%. Communication has come to an almost virtual standstill. That's not something I can defend. This post is not bashing the union or screaming for change. It's asking absolutely what should be expected and demanded.

 

[Rogallo]

 
 not everyone out there feels the same way you do.

Hopefully, someday, we'll get to determine that democratically!