scorpion 2
Veteran
- Joined
- May 11, 2012
- Messages
- 539
- Reaction score
- 562
59.8% of our equity was for concessions. So your saying since our initial concessionary ask was 20% and we got almost 60% of our equity for it and by reducing that ask to 17% we got 35.4% more equity in the form of me-too? Heck if we would have reduced our concessions by another 3% we would have gotten more equity for reducing concessions than giving them.1.7% of the total 4.8% was result of the Me Too clause....The pilot CBA ratification had nothing to do with it since all unions needed to give 17% of the value of their contracts, instead of the original 20%.
If you read the plan summary it says that if the company provides financial consideration to any other union which exceeded the value Negotiated by the twu the additional value would be extended to the twu. It doesn't say during negotiations it says negotiated,,, in the past tense. There is absolutely no way additional equity was released for any me-too provision. The twu as stated in the plan summary had the sole discretion to allocate as they saw fit. The me-too equity was nothing more than a catch all end all discussion neutralizer when it came to questioning whether the pilots got something extra when they finally ratified their CBA. But hey having a me-too provision did get fence sitters to vote yes.