Twu Insider Trading

[PRINCESS KIDAGAKASH]

Apparentlly the rumor is true. Something illegal and immoral was done during the concessions giveaway. I have tried to attach a file to this post showing LOCAL 563's
letter to Sonny Hall on this matter, but it won't load for some reason. the-mechanic.com also has a link to the documents. The SEC will definitely be looking into this. Shame on TWU officials putting their greed before members interests!

CIO, I answered your question,when are you gonna answer ours?

 

[Bob Owens]

Apparentlly the rumor is true. Something illegal and immoral was done during the concessions giveaway. I have tried to attach a file to this post showing LOCAL 563's
letter to Sonny Hall on this matter, but it won't load for some reason. the-mechanic.com also has a link to the documents. The SEC will definitely be looking into this. Shame on TWU officials putting their greed before members interests!

CIO, I answered your question,when are you gonna answer ours?

Dont hold your breath.

It may be a coincidence but Bobby Gless' current wife works(ed) for American Express Financial Services. She advised people on how to invest their money.

A hot tip from the union that the contract was going to pass, boosting the stock up 300% within a very short time could have made people in the know a LOT of money, illegal, not only from an SEC position (insider trading) but also from a DOL standpoint.

A broker with such inside info could make a lot of money off commisions without actually buying the stock.

Its doubtful that they would be so stupid as to buy the stock themselves. It would make more sense if they had a friend or relative buy it.

At my "trial" one of the posts that they used as evidence that I was pushing for AMFA was a post on this website on 6/26/2003 at 753PM where I described a fictional scenario about a union and company working together to make a lot of money. It sure would be ironic if it was true! Especially since Gless and Yingst were the primary prosecutors. (The secondary prosecutors were Hubert Snead, George Roberts and Richie Hollis.)




Here is the post.


Posted on: Jun 26 2003, 07:49 PM

Replies: 30
Views: 645






----------------
On 6/25/2003 536 PM Checking it Out wrote:





amfa International Dictates How Elections will be held!





What are you babbling about?

AA appparently is recovering nicely.

Was it really necissary for us to give up uniforms, Holidays, vacations, double time, sick time? AA is already on the rebound and none of the savings from those concessions could have taken a real effect yet, so in other words we gave them up for nothing!

On July 4th our brothers will be working 8 hours for 4 hours pay, nice job Little! Where will Little, Gless and Yingst be July 4th? As our brothers, some with more years with AA than any of those guys have on the face of the Earth are giving away their holiday for half pay will they even reflect for a moment on the thousands of workers they screwed out of Holiday pay? Or will they just see how much they are pocketing on the stock?

We should remember that if they really had full access to the books then they should have known that by the Summer things would likely be better, by selling this BS deal to the workers it would make AA even better off, it would put AA in a position to slaughter its competitors, that leaves stockholders in the know that bought at the bottom an opportunity to make a LOT of money!!!
I dont know what they knew, only what they chose to share with us but it does make a good fictional conspiracy plot.

-Airline sees "Golden opportunity"

-Union and airline make deal,'Hey lets both make money, all you gotta do is,,,,,,

-Union sells members representatives early on to utilize new voting proceedures but then switches voting company from the one they used for demonstration to one where high ranking airline executive sits on the board. (Executive retires the same month that new voting proposal is made from the airline but remains a "consultant").

-Union hires auditing firm that the airline uses.

-Union tells workers that the end is near, pulls out all the stops to give the airline the most concessionary contract in history, uses information from companies firm to"sell" it.. Concessions so deep it would make Frank Lorenzo blush.

-Union conducts negotiations on company property where company can monitor progress without participating.

-"Negotiations" consist of pitting elected local officials against one another. Elected officials urged to come to concensus."Be leaders fellas, this hurts us just as much as it hurts you". Company jumps in to assist union in the sting when necissary. Plays the "Hard Cop".

-Elected officials are kept in the room for long hours to wear them down, told by union "We have to make the company think that we are still working on this"

-Each concensus is rejected until all other options other than original one reach by union and company is reached.

-Elected officials finally agree to predetermined package. "You guys did it, you should be proud of the leaders (suckers) you have shown yourselves to be. Now sell it to your members, if you need any help let us know, we will spare no expense (after all we will make it up later, cha ching, can you say "capital gains?).


-to insure success union makes sure that some voters dont recieve ballotts, uses a pin sequence that is easliy deciphered, and allows votes to be changed, voting company insider who is also airline consultant (very well versed on plausible deniability) lets union know how the vote is going so that enough votes can be changed through the pin numbers without the voters knowledge.

-Company repeatedly announces bankruptcy intentions. Says that they may go BK even with concessions,upon news of companys distress stock price plummets. Company and Union officials suck up as much stock as possible without triggering suspicion through non-connectible means. ( Hey Vito, remember me? Listen I'm going to give you a hot tip, I'll put my house on it, buy as much as you can, at least $500,000 give me 20% of the take, if it flops you take my house).
-Problem
Financial report due out reveals that companys position not as dire as claimed'
-Solution
Diversion, Unions focus in on executive compensation as an outrage. Senior executive dramatically resigns- (retires to live very comfortably off the spoils). Union claims that they forced resignation, "Look at how we fight for you guys!!! Hooray!! Hip Hip Hooray! WE showed them not to mess with us!!! This helps to keep employees from looking too deep into financial report.

-Stock rebonds

-Its a Miracle!!!

-Employees start to realize that they have been had.

-Union deflects blame on elected officials.

-Union says "Hey guys, dont blame us, "the Presidents Council" did it!! Blame them not us!

Why bother blaming us, you cant vote us out anyway, we dont work for you!!!!

Hey, YOU GUYS VOTED FOR IT!

ITS YOUR FAULT BECAUSE YOU DONT GO TO UNION MEETINGS.

IT'S BUSH'S FAULT-YOU DIDNT GIVE ENOUGH TO COPE!!

ITS AMFA"S FAULT! IF THEY HAD NOT RAISED THE BAR TO $35 THEN YOU WOULD NEVER HAVE MADE THAT MUCH AND YOUR PAY CUT COULD HAVE BEEN LESS!!

CAN YOU BELEIVE IT? THE COMPANY LIED TO US!! THEY SAID THAT AFTER THE "ME TOO" DEBACLE OF 95 THAT THEY WOULD NEVER DO THAT TO US AGAIN!! BUT DONT WORRY,,
WE WILL GET THEM NEXT TIME!

UNITED INVISABLE!!

SOL-LIDAR-ITY La la la la lala.

2009 is just around the corner!!

 

[Checking it Out]

I have read the letter, it's a fact finding letter with concerns of possible stock buying by some of the negotiators. The process is being played out and the outcome will be interesting?

 

[Hackman]

I have read the letter, it's a fact finding letter with concerns of possible stock buying by some of the negotiators. The process is being played out and the outcome will be interesting?

Just more good news about the twu baffoons like you cio over there in a 514. I sincerely hope Mr. mullins, that YOU get dragged into this investigation with your twu friends. You are despised more than you'll ever know. Nothing I would love more than seeing the twu go down hard before the AMFA vote. It would make my year.

Are you going to continue to ignore my question?

I think I already know the answer. :down:

 

[Checking it Out]

Hackman, From the reports I here Their was no stock purchased from Randy during negotiations and he gas written a statement concerning the issue. You are trying real hard to discredit the local to get cards signed. This is a sign of desperation.

The letter sent by the vice-president of local 563 is nothing more than an inquire and should be treated as such.

 

[PRINCESS KIDAGAKASH]

So Randy MacDonald issued a statement saying "He didn't do it". Well ,CIO where is the statement? Is it at the same place where Kirk Wells' A+P is? The ENRON goons said the same thing, so did that guy(CEO) at TYCO INTERNATIONAL.

 

[TWU informer]

I find it most interesting that CIO considered the letter from AMFA Local 33 Vice-President Ted Ludwig to O.V. Delle-Femine regarding concerns of outsourcing of work so important that it was published in the TWU mis-informer.

But when the TWU Local 563 Vice-President writes a letter to Sonny Hall about illegal activities and sellout negotiations, it is to be treated and nothing more than a "inquire".

Tell us all....


WHY THE DOUBLE STANDARD REGARDING LETTERS FROM LOCAL VICE-PRESIDENTS CIO?

 

[Ken MacTiernan]

TWU Informer, there are no double standards in the twu. There is only one standard... if a person is a sell out and cares nothing about the AMT craft and profession and also cares only about their personal gains then become a twu lap dog and do what ever you want because we reward the inept puppets.

I can not wait for the twu Express to write about the leadership role Local 514's mcdonald has done. If this is true then he should simply go to jail. THAT is accountability. Pure and simple.

 

[Hackman]

Hackman, From the reports I here Their was no stock purchased from Randy during negotiations and he gas written a statement concerning the issue. You are trying real hard to discredit the local to get cards signed. This is a sign of desperation.

The letter sent by the vice-president of local 563 is nothing more than an inquire and should be treated as such.

CIO,

I don't have to try hard to discredit the 514, that is a task you dummies do very well without my help. Your the reason our AMFA cards continue to get signed.

I would like see the statement from mcDonald, is it available to the regular twu sheep in Tulsa? If it is, could you post it for us buddy?

Also the question I was refering to was on another thread, I'll let you find it. Hop on the laptop while your sucking up that U.B. at the 514 on Wednesday and see if you can conjure up a good twu lie for me.

 

[James T. Kirk]

Received: 11/11/03 1718 EST
Name: VIPER
E-Mail:
Employer: AA
Location: TUL
Message:
NOW HOW ABUOUT THIS.

From: "Mark Rasco"
To: "John Ruiz" ; "Scott Litster"
[email protected]>;
"Joe Price" ; "Kenneth MacTiernan" ;
"Frank Krzaneric"
Sent: Friday, November 07, 2003 10:11 PM
Subject: Clarification

Guys -

Just wanted to clarify an e-mail I sent out recently regarding Bob Gless's comments about the 1900 work card. I misunderstood what Bob said regarding the approval of the recent changes. In fact the approval for the 777's was done prior to Bob taking office. The recent increase in Rockwell doing additional aircraft came solely from the company. Bob did state that he had "dropped the ball" on following up on this. The company has already signed a contract with Rockwell to do the additional work for 90 days.
Bob has committed to getting the work back and is working to include
the 777's. I apologize for the confusion; I hope this clarification corrects my misunderstanding.

Mark Rasco

 

[PRINCESS KIDAGAKASH]

I would like to thank Mr. Jeffery Campbell(former AMR CFO) for his "shared sacrifice" to the company. I hope he enjoys the 27,000 shares of AMR stock he received a month after the concessions were illegally forced upon us. They gave this guy all this stock and he still left the company! What a bunch of CROOKS!