TWU.....Transparency Now on Equity Distribution!

[screwed again]

 
•TWU damage control flyer
http://www.twulocal513.org/docs/Equity%20Distribution%20Flyer.pdf
 
One of the quotes by the TWU on their flyer - page 2
 
THE UNION IS FACING A LAWSUIT
Right now, the TWU is the target of a lawsuit brought by a group of former employees who chose
an early-out or stand-in-stead separation in exchange for payouts from the company. This lawsuit
may impact the number of shares each member will ultimately receive. At the same time, the
TWU has been under attack by those who claim that the union is hiding information from its
membership. A quick look at the facts shows that this is a CLEAR LIE. The union believes that
this campaign to undermine the TWU is isolated to a few individuals.
 

If the TWU as a whole is the target of the lawsuit then why are we, a small portion of the TWU being forced to foot the bill?
Sounds to me they have already given up? May impact the number of shares each member will recieve. Please.
Again. Poof! There went your shares.

 

[swamt]

ONCE AGAIN FOLKS,  HAVE YOU ALL HAD ENOUGH YET???   GET A CLUE PEOPLE!!!  FIRE THE TWU!!!  THIS WILL BE YOUR LAST TIME TO REMOVE THE TWU FROM THE PROPERTY.  IF YOU DO NOT REMOVE THEM YOU DESERVE EVERYTHING YOU HAVE COMING TO YOU IN THE FUTURE AND FOREVER, FROM HERE ON OUT.  DO YOU REALLY WANT TO CONTINUE INTO THE FUTURE WHAT YOU GUYS HAVE EXPERIENCED FOR THE PAST 3 DECADES???  I DIDN'T THINK SO.  WAKE UP PEOPLE, GET A CLUE, THE TWU IS OUT FOR THEMSELVES AND ALL OFFICERS AT INTERNATIONAL LEVELS, IT'S ALL ABOUT THE NUMBER OF MEMBERS PAYING MONTHLY DUES, THE MORE THE MARRYER.  AS THEIR CAMPAIGNS ALWAYS SAY "STREGNTH IN NUMBERS"  YEA THAT'S THE FUNDS THAT GO INTO THE TWU COFFERS FROM MORE MEMBERS.  I REALLY WISH YOU GUYS WOULD GET ORGANIZED AND MOVE ON TO A BETTER FUTURE FOR ALL OF YOU.  IF YOU GUYS ALLOW THE ALLIANCE TO GO THRU--YOU ARE DONE--OVER--STICK A FORK IN YOU.  AND I WILL BE ON HERE TO LET YOU KNOW THAT YOU GUYS DESERVE WHAT YOU GOT.  WE DID IT WITH THE TEAMSTERS, YOU GUYS CAN DO IT WITH THE TWU, NOW GET BUSY AND MAKE ADVANCEMENTS...

 

[NYer]

The twu should have never handled the equity distribution. They should have the company do it. The twu saw a opportunity to make money on this deal. First 5% now 10%. Crying about being a target of a lawsuit is no excuse for scanning the membership.

 
The airline makes the actual distribution and the process was created and handled by an outside company. The TWU received the formula and the Equity Committee approved it to go forward.

 

[1AA]

 
The airline makes the actual distribution and the process was created and handled by an outside company. The TWU received the formula and the Equity Committee approved it to go forward.

The UNION should have kept out of it and let the company or someone that knows what the hell their doing. Now we have to pay for the TWU's mistakes. Another screwup the members have to pay for. This is pathetic.

 

[AANYER]

NYer and Tex-Mex,
 
We the members asked a simply question, Please give us the parameters behind our first and second equity distributions for clarity and transparency? Now, look what has developed since then. The TWU leaders first tried to castigate us, then they called us names and tried to call us out.  Now they have put together a website with the same old hypothetical information and formulas which don't tell us exactly how we received our first and second distributions.  Furthermore, they now have informed us that they plan to not respond to our appeals until July 14, 2014.  This is the type of nonsense that we wanted to avoid.  We were all afraid of this happening.  Well, guest what, they now plan to extract another 5% in reserves from our precious small equity distribution that we were to receive. The question is, For what? The answer, to correct more of their misguided mistakes.  They should fight the pending retiree case with the big slush fund of money that they receive from us each and every week.  It's called dues.  How much more will the TWU cost us? This has been torture for the pass 15 years, it's more that you and I can bare.  TWU, we implore you, DO NOT DO THIS. Please stop this madness.

 

[Jager]

^^ Agreed^^ The TWU can not manage itself properly if it's existence depended on it..
 
 
http://www.local591.com/index.cfm?zone=/unionactive/view_article.cfm&HomeID=374032

 

[1AA]

They just keep taking our money and giving more concessions. Time to get the hell out of this union.
 
Sign a DAMM card and lets move on, PLEASE!

 

[AANOTOK]

NYer,
 
So in your defense of the TWU, you feel it is OK to withhold another 5% to fight and/or settle with the former employees. Keeping in mind they withheld 5% just for this purpose as stated in the Power Point Presentation...You see no obligation for the TWU to fight this battle with dues that we have paid in already, but instead use extra monies we were supposed to collect for our BK concessions.
 
So I would also assume that in your TWU mind, there is no cap as to how many shares the TWU can keep taking if the need it to continue this battle.
 
By the way, I haven't heard a word from Bob Owens on this mess...maybe he has been muzzled? Or maybe just the nasty flu that's going around.

 

[HMK]

This additional 5% for reserves will hopefully wake everyone up and FINALLY realize it's time for a change. How much more can we afford being stuck with the TWU? Its not us even fighting the company....we are fighting our union! They work for us, and failed us for years.... it's time to fire them!
They refuse to disclose and answer a simple question. They say they are being transparent. If so...then give us the info we've been asking for! They say we are campaigning against them, well they got that right.... WE ARE!

To think if they would have been up front with it's membership, full disclosure and have transparency with the distribution all this would/could have been avoided.

 

[NYer]

NYer,
 
So in your defense of the TWU, you feel it is OK to withhold another 5% to fight and/or settle with the former employees. Keeping in mind they withheld 5% just for this purpose as stated in the Power Point Presentation...You see no obligation for the TWU to fight this battle with dues that we have paid in already, but instead use extra monies we were supposed to collect for our BK concessions.
 
So I would also assume that in your TWU mind, there is no cap as to how many shares the TWU can keep taking if the need it to continue this battle.
 
By the way, I haven't heard a word from Bob Owens on this mess...maybe he has been muzzled? Or maybe just the nasty flu that's going around.

 
The 10% number came from the class action lawsuit filed against the Equity Distribution. The plaintiffs feel 5% is not enough to make them whole. If they win the lawsuit, as unlikely as it seems, most of that 10% will go to fellow Members and not the TWU.
 
Now, if they lose the lawsuit and they actually don't distribute most of the 10%, then you got yourself a smoking gun. Right now, you can't even light a match.
 
You don't actually believe anyone muzzles Bob, do you?

 

[NYer]

They just keep taking our money and giving more concessions. Time to get the hell out of this union.
 
Sign a DAMM card and lets move on, PLEASE!

 
YEAH.....Let's go with that union that doesn't collect dues or take our money and hasn't been involved in concessions.....

 

[NYer]

The UNION should have kept out of it and let the company or someone that knows what the hell their doing. Now we have to pay for the TWU's mistakes. Another screwup the members have to pay for. This is pathetic.

 
They did. The airline distributes the shares. ComputerShare holds the shares. The Labor Bureau prepared and administered the formula used and the lawyers made the suggestions implemented by the Equity Committee...You got your wish 1AA. 
 
On the other hand, it crimps on your argument that the TWU is taking your money because if they don't administer it means they pay someone else to do it and that contributes towards the 5% reserve.
 
Catch 22-A situation in which a desired outcome or solution is impossible to attain because of a set of inherently illogical rules or conditions.

 

[1AA]

 
They did. The airline distributes the shares. ComputerShare holds the shares. The Labor Bureau prepared and administered the formula used and the lawyers made the suggestions implemented by the Equity Committee...You got your wish 1AA. 
 
On the other hand, it crimps on your argument that the TWU is taking your money because if they don't administer it means they pay someone else to do it and that contributes towards the 5% reserve.
 
Catch 22-A situation in which a desired outcome or solution is impossible to attain because of a set of inherently illogical rules or conditions.

You just keep on defending the TWU over and over. Are you really an AMT or what?
You must have a personal interest or a agenda. No other explanation I can see.

 

[1AA]

 
YEAH.....Let's go with that union that doesn't collect dues or take our money and hasn't been involved in concessions.....

I see you feel threatened over change. You would rather sail the same course on the sinking ship.

 

[Rogallo]

And let's not forget about the grievance being paid to members from other members equity!  
 
What?
 
That's right. Union money being used to pay grievances. Shouldn't that be company money?
 
TWU GOTTA GO!