All these negotiations were because of potential investment in your company. Without M & A activity your company would not have come back to the table. That is why it is crucial for this agreement to ratify. Do you think any merging partner will want the CIC in your contract?
Ok, I am going to call Bull $h_t on this. Who is really going to reap the benefits of this merger? It will be Parker and his crew and Tilton and his people. They are going to walk away from this merger with “Tens of Millions of Dollars†personally, from stock options and their COC in their contracts!
I can see it now;
Parker: Damn those pesky Rampers and their COC! If only they would have accepted that wonderful “Wal-Mart†inspired contract, we would be merging right now and I would be walking away with “Tens of Millions of Dollarsâ€!
Tilton: Damn you Canale, you promised us “Fleet†on a silver platter. Who do these people think they are? Wanting a fair contract and clinging to their precious COC! Look how bad the economy is? They should be thrilled that we tossed them the scraps off of our table! But what about me, how will I get by? I was counting on that merger payout of “Tens of Millions of Dollars�
Parker: I could use a drink!
Voice of Reason: Dave, who? I am sorry that was the last Ass Hat that walked away from US Airways with millions. Doug….if you want the COC then give them something fair and reasonable for it.
Parker: What, that is crazy talk! What kind of American CEO would I be if I didn’t ass rape every employee and then leave with “Tens of Millions of Dollars†earned from their hard work? What would all the other CEO’s think of me?
So the point I am trying to make is that this merger is not going to be stopped because of the COC and the refusal of the POS TA. Parker and Tilton will not forgo their “Tens of Millions of Dollarsâ€, because they wouldn’t give us another week of vacation, full sick time, all our Holidays back, overtime and not contracting out those 19 stations. Ask yourselves, “ would you give up your Tens of Millions of Dollars for those itemsâ€? We have already heard what some will give up for $4 more an hour.
Just my opinion…but they will be back at the table.