Pensions!

FWAAA said:
About that $1.5 billion at Eagle that you mentioned: I'm not familiar with this line item; does it appear in the 10-K and if so, which year? Thanks. I assume that it is another component in the "inflated" or "aritificial" losses (in your opinion) shown by AMR from 2001-2003, but I don't remember the details of this specific allegation.



Yea Bob, could you explain this?
 
will fix for food said:
Yea Bob, could you explain this?
[post="174793"][/post]​


Well I'll admit that I just repeated this figure from someone else who usually posts pretty accuarate stuff but I did not check the item myself.

I did ask for a reference but did not recieve anything yet.

I stand by the $988 million in Goodwill that the company claimed they lost.

Do you know where I could get access to a copy of your contract?
 
Bob Owens said:
Well I'll admit that I just repeated this figure from someone else who usually posts pretty accuarate stuff but I did not check the item myself.

Lemme guess...Dave?

I did ask for a reference but did not recieve anything yet.

And I doubt you will. But if I were to hazard a guess I would guess it would be the "fee per departure" money. BTW, the way the FPD system was explained to me was that all Eagle revenues would be given to American and American would then pay Eagle back on a per completed flight basis the cost of an average Eagle flight plus 8%, guaranteeing Eagle an 8% profit per flight. According to the last numbers quoted by Bowler Eagle was actually contributing to A/A the equivalent revenues of cost + 9.2% and getting back cost + 8%.

I stand by the $988 million in Goodwill that the company claimed they lost.

Do you know where I could get access to a copy of your contract?

It might be on one of the Local's websites. I am not quite sure.What do you want to know?
[post="174809"][/post]​
 
Bob Owens said:
Well I'll admit that I just repeated this figure from someone else who usually posts pretty accuarate stuff but I did not check the item myself.

I did ask for a reference but did not recieve anything yet.

I stand by the $988 million in Goodwill that the company claimed they lost.

Do you know where I could get access to a copy of your contract?
[post="174809"][/post]​


This is a familiar tune for you isn't Bob? Repeating figures from un-documented data! Like the 3.1 million/billion you continually rant about but have not provided any real truth to it's validity! Repeating information from Decision 2004 really may not be in your best interest he seem's to have a problem with "fuzzy math"...!!! :p

-----------------------------------
amfa: The YUGO of the labor movement
Where bargaining means YOU GO....!
 
High Speed Steel said:
This is a familiar tune for you isn't Bob? Repeating figures from un-documented data! Like the 3.1 million/billion you continually rant about but have not provided any real truth to it's validity! Repeating information from Decision 2004 really may not be in your best interest he seem's to have a problem with "fuzzy math"...!!! :p

-----------------------------------
amfa: The YUGO of the labor movement
Where bargaining means YOU GO....!
[post="175180"][/post]​

Hey, I never said I was perfect.

Well I showed the "Documentation" to the DOL and they are currently investigating it. If you say that I am lying, press charges, its called libel. Dont you think the TWU would have already done this?

All you have to do is ask anyone who took part in the "negotiations" last year. They were given the sheet that showed the item for company paid UB. I already told you that I dont know how to post scanned documents.

You still have not denied that these funds are going from the company to the TWU or its officials. Bobby Gless admited during his deposition that AA was paying him while he was a full time International rep. He admitted that those payments stopped a few months ago, after I started posting about it on this website. He also admitted that he was paid around $120,000 a year.
 
will fix for food said:
BTW, the way the FPD system was explained to me was that all Eagle revenues would be given to American and American would then pay Eagle back on a per completed flight basis the cost of an average Eagle flight plus 8%, guaranteeing Eagle an 8% profit per flight. According to the last numbers quoted by Bowler Eagle was actually contributing to A/A the equivalent revenues of cost + 9.2% and getting back cost + 8%.

So in other words EAgle is guaranteed an 8% profit even if the plane flys empty plus AA is bearing all the costs of accounting? 8%? Thats pretty good. I wonder if the APA and the APFA are aware of this? We know that the TWU does not care that we are guaranteeing Eagle an 8% profit because you guys are TWU also. Do you guys get profit sharing?

It might be on one of the Local's websites.

Which Locals cover Eagle?

I am not quite sure.What do you want to know?

Pretty much everything. Scope, Term, rates, progression, work rules etc.The TWU guys are going on and on about Alaska so I figured we would compare the closest sized TWU airline to them.
 
Bob Owens said:
So in other words EAgle is guaranteed an 8% profit even if the plane flys empty plus AA is bearing all the costs of accounting? 8%? Thats pretty good. I wonder if the APA and the APFA are aware of this? We know that the TWU does not care that we are guaranteeing Eagle an 8% profit because you guys are TWU also. Do you guys get profit sharing?

Yep that's the way it works. It was explained to us that AMR went to this payment system because it was industry standard and it would give people a more accurate comparison of Eagle to other SJ operators. Possibly for spin-off purposes. Right at the moment that 8% is a good deal for American. If Eagle kept all it's profits for itself they would get 9.2%. As it is now American gets a "free" 1.2%.

I am sure the APA and APFA are aware of it, it's not exactly a secret.

Nope....no profit sharing. There is a performance bonus system in place similar to yours.
[post="175247"][/post]​
 
High Speed Steel said:
This is a familiar tune for you isn't Bob? Repeating figures from un-documented data! Like the 3.1 million/billion you continually rant about but have not provided any real truth to it's validity! Repeating information from Decision 2004 really may not be in your best interest he seem's to have a problem with "fuzzy math"...!!! :p

-----------------------------------
amfa: The YUGO of the labor movement
Where bargaining means YOU GO....!
[post="175180"][/post]​

I got your 3.1 right here.....
 

Attachments

  • twu_3.1.jpg
    twu_3.1.jpg
    13.3 KB · Views: 143
AMFAMAN said:
I got your 3.1 right here.....
[post="175330"][/post]​


Hate to burst your bubble but I got that beat..!!! I would show you mine, but I would hate to see a grown man cry..!!!!!!! :shock:

Post some proof...! Borrow it from Bob if you have to. He says he has shown it to the DOL so he must have the "good stuff". Wouldn't ya think there shorty...!!!! :p

--------------------------
amfa: The YUGO of the labor movement
Where bargaining means YOU GO...!
 
High Speed Steel said:
Hate to burst your bubble but I got that beat..!!! I would show you mine, but I would hate to see a grown man cry..!!!!!!! :shock:

Post some proof...! Borrow it from Bob if you have to. He says he has shown it to the DOL so he must have the "good stuff". Wouldn't ya think there shorty...!!!! :p

--------------------------
amfa: The YUGO of the labor movement
Where bargaining means YOU GO...!
[post="175454"][/post]​

Well you still have not said that its not true.

Evidence has been presented, you keep saying you want more proof.

Well what exactly would you like to see?

Do you just want to know what exactly I sent the DOL? Well just ask them.

Again, you still have not denied that the charge that the TWU is getting $3.1 million a year in company paid UB. Well are you saying that its untrue?

Are you denying that several locals have Presidents who do not report to work at AA yet recieve a full 40 hour paycheck?

Are you saying that you know for sure that International officials of the TWU are not, and have not been collecting a check from AA while being a full time International employee? Gless admitted to that in testimony.
 
Well it looks like Bob is right again HSS! You really should try to check your facts before you dispute someone. This is something TWU should have been on top of over a year ago because it violates our scope language.
 
Mark Inman said:
Well it looks like Bob is right again HSS! You really should try to check your facts before you dispute someone. This is something TWU should have been on top of over a year ago because it violates our scope language.
[post="175512"][/post]​


Right about what? Haven't seen him post anything yet to support his claim...!!!


-------------------------------
amfa: The YUGO of the labor movement
Where bargaining means YOU GO....!
 

Latest posts

Back
Top