Hopeful
Veteran
- Dec 21, 2002
- 5,998
- 347
Actually what happened was the contract was ratified. Then James C. Little stated in a letter that 3200 members were not allowed to vote due to a "glitch" in the electronic voting system. This combined with the SERP diclosure on the SEC filing the same day that balloting ended caused Little to state that the only way to have a legitimate labor agreement was to conduct a complete revote using the mail ballot system.
He then met with some Polticians in Texas, obtained the "early opener" provision and the shares of stock, and then did indeed sign the agreement "without further ratification".
Yes, you're right. I was thinking of the 2001 vote.