What's the word on the equity?

[screwed again]

We've had the meetings yet I hear nothing. What are the numbers? How is it split? I spent mine already. Let's go.

 

[screwed again]

looks like its a little over $16000 for an AMT and a little over $12000 for a FSC. That should cover the concessions.

 

[AA Tulsa Mechanic]

And just how are you coming up with those numbers?

 

[TWU informer]

looks like its a little over $16000 for an AMT and a little over $12000 for a FSC. That should cover the concessions.

I figure more like $25,000-$30,000 for an AMT

 

[screwed again]

The way I read it is that figure is based on am AMT that is all in with 15 years seniority and a FSC with 15 years. It was also based on a stock price of $14.50. I understand most of us have double or nearly double that seniority, but seniority only figures into one multiplier of the formula. Scope. (.5 x 32.75/350,00) + (.5 x 15 /215,000) = .0082%. So we will get a few more shares and the figure should go up, but not very much.

 

[Barfbag]

The way I read it is that figure is based on am AMT that is all in with 15 years seniority and a FSC with 15 years. It was also based on a stock price of $14.50. I understand most of us have double or nearly double that seniority, but seniority only figures into one multiplier of the formula. Scope. (.5 x 32.75/350,00) + (.5 x 15 /215,000) = .0082%. So we will get a few more shares and the figure should go up, but not very much.

Your math doesn't mean squat, because our lawyers are combing over the details as we write, so stop counting your chickens... Retired and forgotten.... Not.

 

[Vortilon]

I'm hearing that on or around the 16th of July the TWU is going to make an announcement, that the early outs and retirees will now be included in our equity payout - further diluting it. So, they get their going away money after YES voting us this POS contract to live under for six years! This small number of very vocal, two faced, greedy bastards apparently convinced the equity committee, that they deserve even more than they have already received or are about to receive. Just when you figure it couldn't get any worse. The TWU leadership doesn't have a problem giving your money away.

 

[Barfbag]

Anyone that was on the property when the bankruptcy was announced is entitled to a fair distribution of equity. This is how the TWU should have approached the question of who was included. Instead they ( TWU ) dragged their feet and allowed members to leave without giving so much as a hint that leaving the company would render the person disqualified for equity.

Please remember the early out money was in effect company money. The equity ( once in TWU's hands ) is Infact TWU money, as the company has no ties to the distribution process.

Anyway finding common ground is good here.. A long drawn out court battle could take years, not the image that USAir/AA execs want the public to see, needless to say the price of the equity could drop dramatically over the months / years.

 

[Overspeed]

Anyone that was on the property when the bankruptcy was announced is entitled to a fair distribution of equity. This is how the TWU should have approached the question of who was included. Instead they ( TWU ) dragged their feet and allowed members to leave without giving so much as a hint that leaving the company would render the person disqualified for equity.

Please remember the early out money was in effect company money. The equity ( once in TWU's hands ) is Infact TWU money, as the company has no ties to the distribution process.

Anyway finding common ground is good here.. A long drawn out court battle could take years, not the image that USAir/AA execs want the public to see, needless to say the price of the equity could drop dramatically over the months / years.

Agreed

 

[Vortilon]

Sorry Barfbag, I disagree. The YES voters knew exactly how much they were getting when making their choice to leave AA. Anything else would be wishful thinking - end of story. Once again we are victims of the TWU wealth redistribution system.

 

[blue collar]

Sorry Barfbag, I disagree. The YES voters knew exactly how much they were getting when making their choice to leave AA. Anything else would be wishful thinking - end of story. Once again we are victims of the TWU wealth redistribution system.

I'm sure that not everyone who left was a yes voter. And as far as being a victim, you choose to be a victim by staying there. After all, our toolboxes are on wheels, right?

I left my previous employer cos I was tired of their bs. I lost seniority and pay, and I've never looked back because it was the best thing I could've done.

 

[comatose]

Anyone that was on the property when the bankruptcy was announced is entitled to a fair distribution of equity. This is how the TWU should have approached the question of who was included. Instead they ( TWU ) dragged their feet and allowed members to leave without giving so much as a hint that leaving the company would render the person disqualified for equity.

Please remember the early out money was in effect company money. The equity ( once in TWU's hands ) is Infact TWU money, as the company has no ties to the distribution process.

Anyway finding common ground is good here.. A long drawn out court battle could take years, not the image that USAir/AA execs want the public to see, needless to say the price of the equity could drop dramatically over the months / years.

TWU money? Are you out of your mind? It's the property of the membership of this sorry ass union.

 

[Captain Reality]

Wow! What bunch of double dipping scumbags. No body who has left the company should get any equity period! I bet there would have been a whole lot more early outs, if they had known your TWU would totallygive up the farm. The early outs should be required to return theirvseverance money, if this allowed to happen.

 

[CIO]

I believe the equity stake should be distributed in an equitable fashion to everyone who was eligible to vote for the contract at time of ratification. I believe the local presidents need to look at the distribution logically and remember, we are all brothers and sisters in the same Union and we all knew the distribution was part of the contract. Has anyone bothered to look at the fact many of the retires would have just waited knowing they would have come out money ahead ? I agree, if it goes into a lawsuit it could be several years to settle and only ones winning here will be the Attorneys.

 

[Tex-Mech]

I'm hearing that on or around the 16th of July the TWU is going to make an announcement, that the early outs and retirees will now be included in our equity payout - further diluting it. So, they get their going away money after YES voting us this POS contract to live under for six years! This small number of very vocal, two faced, greedy bastards apparently convinced the equity committee, that they deserve even more than they have already received or are about to receive. Just when you figure it couldn't get any worse. The TWU leadership doesn't have a problem giving your money away.

Hearing the same thing, plus that Matt Lorenzi is the guy who is pushing hard to give money to those who retired. I don't have a vote at 567 anymore, but my source says he is up for election right now. I am also told that this would be about $3000 less for each active member if Matt gets his way.