What's the word on the equity?

[TWU informer]

I feel they should be included, but the value of their loss of pension and loss do to work rule changes are not equal to losses of those staying. Not even close

 

[dfw gen]

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.

screw matt lorenzi and the horse he rode in on.

 

[MCI transplant]

Now it begins!---- Like Dogs flighting over a bone!!! Screw everyone else! As long as I get mine!!!! -----Is that it?

 

[Lloyd Grey]

If the TWU gets one single share, we ought to hire a DC beltway law firm and sue them for misrepresentation.

 

[eolesen]

Maybe I missed something, but I didn't think the equity being granted to the unions was based on the concessions granted/taken in bankruptcy; I thought it's purpose was settling pre-petition claims. If so, there's no arguing that those who took the buyouts were part of the pre-petition estate.

 

[Barfbag]

Wow! What bunch of double dipping scumbags.

http://www.youtube.com/watch?v=cP_GOoBPKfQ&feature=youtube_gdata_player

 

[Bob Owens]

Maybe I missed something, but I didn't think the equity being granted to the unions was based on the concessions granted/taken in bankruptcy; I thought it's purpose was settling pre-petition claims. If so, there's no arguing that those who took the buyouts were part of the pre-petition estate.

Yep you missed it, its based on the concessions and part of those concessions was settling the pre-petition claims.

 

[Bob Owens]

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.

So are you saying that in addition to the $40k they walked away with after leaving us with the worst deal in the industry they should also get Equity thats being provided for the concession they wont have to live with the next 5+ years? How generous of you to give away other people's money! They got the $40 K , the money for that buyout was paid for with concessions that we have to live with, now you want to take some of the equity that is being given to those who have to live under the deal away from them so they can in a way pay the Early Outs twice?

Are you claiming that if the Retirees had known that there may be an equity stake worth $16k that they would have stayed and turned down $40K?

Isn't the purpose of giving an equity stake to make sure that the recipient of that Equity has a stake in the future success of the company? How would giving it to retirees further that goal? Goodwill? Thats only a tax scheme.

Since we are all brothers and sisters in the same union should the 757 award go to all of us as well? Lets face it, according to both the company and the TWU had we all not given the concessions we gave in 2003 then that award would not have ever existed, they would have had the right to outsource it, in other words we all paid through concessions to keep the language that kept that work in house, so shouldn't we all be entitled to a share of the award since we all paid with industry leading concessions in pay, vacation, Holidays (which impacted the line more than OH) Sick time etc to make the award possible? Why should OH get more Equity than the Line? Especially when our Line Mechanic to Aircraft Ratio is pretty much in line with the Industry but our pay, benefits and workrules are nowhere near the rest of the industry?

To me the Retirees should get shares based upon the time they worked under the deal. If they left right away their share should be be pretty much nothing, if the company has not released them they should get a prorated amount based upon the time since ratification that they worked under the deal.

 

[TWU informer]

So are you saying that in addition to the $40k they walked away with after leaving us with the worst deal in the industry they should also get Equity thats being provided for the concession they wont have to live with the next 5+ years? How generous of you to give away other people's money! They got the $40 K , the money for that buyout was paid for with concessions that we have to live with, now you want to take some of the equity that is being given to those who have to live under the deal away from them so they can in a way pay the Early Outs twice?

Are you claiming that if the Retirees had known that there may be an equity stake worth $16k that they would have stayed and turned down $40K?

Isn't the purpose of giving an equity stake to make sure that the recipient of that Equity has a stake in the future success of the company? How would giving it to retirees further that goal? Goodwill? Thats only a tax scheme.

Since we are all brothers and sisters in the same union should the 757 award go to all of us as well? Lets face it, according to both the company and the TWU had we all not given the concessions we gave in 2003 then that award would not have ever existed, they would have had the right to outsource it, in other words we all paid through concessions to keep the language that kept that work in house, so shouldn't we all be entitled to a share of the award since we all paid with industry leading concessions in pay, vacation, Holidays (which impacted the line more than OH) Sick time etc to make the award possible? Why should OH get more Equity than the Line? Especially when our Line Mechanic to Aircraft Ratio is pretty much in line with the Industry but our pay, benefits and workrules are nowhere near the rest of the industry?

To me the Retirees should get shares based upon the time they worked under the deal. If they left right away their share should be be pretty much nothing, if the company has not released them they should get a prorated amount based upon the time since ratification that they worked under the deal.

I agree with this Bob

 

[enough already]

I agree with this Bob

Ditto

 

[Mr Red]

A lot of us left because we had enough of the concession train.
At age 54 with 22 yes at AA it was not a good feeling knowing
You have to start over at another Company. I received no early out money
So why shouldn't I receive equity money,for putting up with a DECADE of CONCESSIONS.

 

[Captain Reality]

So, you think you should be rewarded for voting YES for 22 years? You left the company and shouldn't get a penny of the equity payout. The equity is for people on the payroll period.

 

[AA Tulsa Mechanic]

Mr.Red you left the company, received no earlly out because you were tired of the bs and you want our equity? Give me a break! You left move on!

 

[Mr Red]

my station was a consistant. NO VOTE . PAY ME !

 

[Gman10]

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.

Equity stake was not part of the contract. Profit sharing was, and was negotiated away by the TWU International after the contract was ratified.