Senority in a merger with UA

[JAMAKE1]

Yes, Jungleclone, I did honestly expect them to be truthful. I stand by statement: According to United's Senior Executive ranks, there have been NO discussions about a possible combination with CO or anyone else. Furthermore, there are NO discussions planned. If you are asking me if I believe what they said to be true, yes I do. I have no reason to believe otherwise. I am not saying it won't happen in the future. But it is far from being a "done deal." Like I said, until a company press release states otherwise, I flat out do not believe it. Enough said...

 

[767jetz]

JAMAKE1,

I'm curious if you're aware of what constitutes insider trading? An officer of a company who speaks prematurely about a transaction that could materially altar the share price of his/her company would be in violation of the law. Did you honestly expect them to be truthful with you about any potential strategic transactions? You've got to be kidding me.

I for one, am intimately aware of the term "insider trading," since my wife is an SEC officer. For your information, providing false info, such as specifically saying something won't happen when you know it will, can also manipulate stock prices and trading decisions as well, and therefore can be considered a form of insider trading or stock manipulation.

The only safe way is to not comment either way as to the validity of anything. Vague answers and "no comment" are your only protection from such a violation.

I was not there when Tilton and company made their comments, but if they were asked specific information, and gave specifically false answers, (as Jamake1 says)they are still in violation IF they are aware of a transaction. And one can only assume that the CEO would know about something like this.

So your argument about Tilton giving false info to throw people off, does not hold water. The only thing I will say is that, much like executives at USAir, CO executives might have plans in place in the event such an opportunity presents itself. They might even have financial backing to make it happen. This does not constitute a formal discussion between two entities, nor can it be considered inevitable or a "done deal." They could approach UA with such a proposal in the future, and UA could simply say no thanks. Remember how sure certain people were that a deal with USAir was planned with UA, and how foolish they looked when UA said no???

Did any of you ever consider the possibility that an informal discussion, or even a plan, could exist that would be implimented only if other airlines such as DL and NW attempt to combine? Something to think about. All this talk about done deals, etc. etc. is a waste of time and energy.

One thing I also assure you of is that if it makes business sense, and UA decides this is a good path for it's future, it will not be a take over, or a forced hand with no options. It will be strategic and UA will be in the driver's seat.

peace,
767jetz

 

[Bulscu]

I for one, am intimately aware of the term "insider trading," since my wife is an SEC officer. For your information, providing false info, such as specifically saying something won't happen when you know it will, can also manipulate stock prices and trading decisions as well, and therefore can be considered a form of insider trading or stock manipulation.

The only safe way is to not comment either way as to the validity of anything. Vague answers and "no comment" are your only protection from such a violation.

I was not there when Tilton and company made their comments, but if they were asked specific information, and gave specifically false answers, (as Jamake1 says)they are still in violation IF they are aware of a transaction. And one can only assume that the CEO would know about something like this.

So your argument about Tilton giving false info to throw people off, does not hold water. The only thing I will say is that, much like executives at USAir, CO executives might have plans in place in the event such an opportunity presents itself. They might even have financial backing to make it happen. This does not constitute a formal discussion between two entities, nor can it be considered inevitable or a "done deal." They could approach UA with such a proposal in the future, and UA could simply say no thanks. Remember how sure certain people were that a deal with USAir was planned with UA, and how foolish they looked when UA said no???

Did any of you ever consider the possibility that an informal discussion, or even a plan, could exist that would be implimented only if other airlines such as DL and NW attempt to combine? Something to think about. All this talk about done deals, etc. etc. is a waste of time and energy.

One thing I also assure you of is that if it makes business sense, and UA decides this is a good path for it's future, it will not be a take over, or a forced hand with no options. It will be strategic and UA will be in the driver's seat.

peace,
767jetz

I would agree 🙂

 

[Bear96]

JAMAKE1,

I'm curious if you're aware of what constitutes insider trading? An officer of a company who speaks prematurely about a transaction that could materially altar the share price of his/her company would be in violation of the law.

Well, you also need some "trading" to be in violation of insider trading laws.

 

[jbguppy]

Laugh all that you want, but the CO/UA merger is going to happen. And soon. It's a done deal. Hang on, for the ride ahead will be bumpy until the deal shakes out. But in the end, the combined company will be a true force.

Son of a Chip,

Do you know how tired the whole, "I have knowledge about all your careers so pay attention to me" schtik is on this board?

USA320 pilot wore that routine out a few years back, in fact as near as I can tell he has been ridiculed into extinction on this board.

Keep spouting your certainty and knowledge, the more you do it the more people think you are an uninformed fool....

JBG

 

[USstew23]

Still can't move on, eh?

Funny how the entire industry stands behind the TWA F/A's.

 

[IORFA]

Entire industry huh? Now, THAT is funny. I can't even count how many F/A's have made comments to me that they wished their company would/did that during their aquisitions. I guess you forgot the belly aching from UA during their courtship of US. I don't profess to know what the entire industry knows or what they should do with seniority after a transaction. I do know what we wanted and what we did after ours. Where was everyone when we aquired Reno? They got a slightly worse deal than TWA. No one boo hoo'd for them to us. By the way, I must have been away when you called me for my opinion relating to the entire industry comments regarding TWA seniority.

 

[SPG Trvlr]

Entire industry huh? Now, THAT is funny. I can't even count how many F/A's have made comments to me that they wished their company would/did that during their aquisitions. I guess you forgot the belly aching from UA during their courtship of US. I don't profess to know what the entire industry knows or what they should do with seniority after a transaction. I do know what we wanted and what we did after ours. Where was everyone when we aquired Reno? They got a slightly worse deal than TWA. No one boo hoo'd for them to us. By the way, I must have been away when you called me for my opinion relating to the entire industry comments regarding TWA seniority.

Ok now using RenoAir as an example is a pretty sorry excuse except for the FEW (junior in the industry)who worked at Reno. You are just dead wrong on that one. You screwed the TW people. You and the others at AA can stand alone on your that belief. Oh that is right you are the biggest airline so I guess you are the best. Right??? Please Most I talk to at other airlines agree that AA did the ultimate screw job. I am not a former TWAer either.

 

[IORFA]

Doesn't matter what they think when they have no control of the outcome. Given the chance, more than AA would do the same. Not all, but some would. It is easy to second guess when your job isn't on the line. Don't forget that they gave away their protections for nothing, knowing full well what happened to Reno and what the membership was saying at the time. Just because some airline employee told you that TWA got screwed, doesn't mean that they don't secretly feel like it was correct either. People have a hard time admitting their true feelings on this particular subject when in mixed company. I wouldn't have to fly high time if I got a dollar for every UA F/A that said they wish that they could do the same. Just like life, to each their own. We all have an opinion, and sometimes they stink. Back to Reno, I take it from your post, that you do not think they were worthy of the same treatment that you wish the TWA F/A's got? Do you feel that they got a fair shake on the seniority list? Were they not mothers, fathers, head of households? You seem to put people into different catagories of self worth depending on how long their particular company was around. Is that not unfair?

 

[galleyguy4u2]

Well it really is water under the bridge at this point. The most junior AA and TW f/a's will fall off the recall list this October. AA continued hiring f/a's after the merger/acquisition so those f/a's are collateral damage or as some say the sacrificial lambs.

When I was furloughed I was just shy of being fifty which would have permitted me to retire early using the 50/55 rule. So after 21 years of service I <and many others> will get zip, Nada not even freak en passes.

John Ward hated us from the beginning and he was not about to treat us fairly. I will say not ALL nAAtive f/a's felt the same way as he did. The f/a group was the only Unionized group that got completely screwed.

 

[MCI transplant]

No they can't. It still frustrates them that they were unable to go from the financially sickest, lowest paying legacy to the top of the seniority lists of the largest and healthiest legacy on the backs of nAAtives.

<_< -----aa! Your sick!!!!"backs of nAAtives" my a$$! These people know better! :down:

 

[aafsc]

<_< -----aa! Your sick!!!!"backs of nAAtives" my a$$! These people know better! :down:

Then why all the lawsuits and grievances? Why are you still trying to get full dovetail system wide? Everyone knows that the TWAers want to use their prehistoric TWA seniority to go to the top of the combined list (effectively stapling the nAAtives) in order to get the best shifts in the best cities with the best days off. We nAAtives have built AA (MIA,DFW,SJU,ORD,LAX, etc.) and are therefore entitled to enjoy the fruits of our labor; not have it stolen by the TWAers.

 

[Bulscu]

...........................:jerry:

 

[PHX-F/A]

That would only happen at AA.

it did happen at AA.

 

[operaations]

There is only one guarentee if UA and CO merge. You will never make everyone happy.

In the end either UA or CO will spit insults at the other one and do it with such distaste. Just look at the AA board