- Nov 4, 2003
- 7,550
- 3,767
Buy It Fix
January 18, 2004
Fellow Advocates of Employee Ownership,
Over the past 2 months, we have been very successful in promoting the
idea of Employee Ownership at APA meetings around the system.
Specifically, a resolution calling for the APA to hire ESOP investment
bankers and consultants to conduct a Feasibility Study of an Employee Buyoutof AMR Corporation was passed at the following domiciles: DFW, LAX, ORD, and, just 9 days ago, LGA.
A similar resolution was also passed in MIA several months ago.
I would like to thank all the makers of the resolutions for their excellent
work: CA Steve Simpson, DFW; CA Rick Todd & CA Linda Pauwels, LAX; CA Dave Duquemin, ORD; FO Ivan Rivera, MIA; and CA Doug Furlong, LGA.
The text of the recently passed LGA resolution is provided below.
Investment banker Dick May, founder and President of Valuemetrics, Inc.
(www.valuemetrics.com) and participant in the formation of over 350 ESOPs,spoke at the LGA APA meeting and was very well received. The resolution passed almost unanimously, with not a single no vote and only one abstention
It is worth noting that Dick May is an advisor to the largest company so far
that has adopted the ESOP/Sub S form of employee ownership advocated byAmerican Employees for Ownership/buyitfixit.org: Amsted Industries, with 10,000 employees and nearly $2 Billion in revenues.
American Employees for Ownership/BuyitFixit.org is now engaging in new
efforts to interest the APFA, TWU, Eagle ALPA, and Eagle AFA in our idea of employee ownership. If you would like to become involved in this effort,
please call CA Bill Haug at 775-250-5970 or send us an email via the
website, www.buyitfixit.org.
We are hopeful that Dick May might also be speaking at the next APA ORD meeting, presently scheduled for January 27th. This is not absolutely
firm yet, but we have been invited to speak and it is possible that Dick can
fit it into his schedule if he is allowed to speak early in the meeting.
We strongly encourage any APFA or TWU representatives or members who wish toattend to contact us so that we may coordinate with ORD APA Representatives. We would like to see our brothers and sisters from other unions on theproperty come and benefit from hearing our investment bankers speak.
Please stay tuned, and keep passing the word about Employee Ownership at American Airlines/AMR Corporation.
Sincerely,
CA Bill Haug
President, American Employees for Ownership/www.buyitfixit.org
January 18, 2004
Fellow Advocates of Employee Ownership,
Over the past 2 months, we have been very successful in promoting the
idea of Employee Ownership at APA meetings around the system.
Specifically, a resolution calling for the APA to hire ESOP investment
bankers and consultants to conduct a Feasibility Study of an Employee Buyoutof AMR Corporation was passed at the following domiciles: DFW, LAX, ORD, and, just 9 days ago, LGA.
A similar resolution was also passed in MIA several months ago.
I would like to thank all the makers of the resolutions for their excellent
work: CA Steve Simpson, DFW; CA Rick Todd & CA Linda Pauwels, LAX; CA Dave Duquemin, ORD; FO Ivan Rivera, MIA; and CA Doug Furlong, LGA.
The text of the recently passed LGA resolution is provided below.
Investment banker Dick May, founder and President of Valuemetrics, Inc.
(www.valuemetrics.com) and participant in the formation of over 350 ESOPs,spoke at the LGA APA meeting and was very well received. The resolution passed almost unanimously, with not a single no vote and only one abstention
It is worth noting that Dick May is an advisor to the largest company so far
that has adopted the ESOP/Sub S form of employee ownership advocated byAmerican Employees for Ownership/buyitfixit.org: Amsted Industries, with 10,000 employees and nearly $2 Billion in revenues.
American Employees for Ownership/BuyitFixit.org is now engaging in new
efforts to interest the APFA, TWU, Eagle ALPA, and Eagle AFA in our idea of employee ownership. If you would like to become involved in this effort,
please call CA Bill Haug at 775-250-5970 or send us an email via the
website, www.buyitfixit.org.
We are hopeful that Dick May might also be speaking at the next APA ORD meeting, presently scheduled for January 27th. This is not absolutely
firm yet, but we have been invited to speak and it is possible that Dick can
fit it into his schedule if he is allowed to speak early in the meeting.
We strongly encourage any APFA or TWU representatives or members who wish toattend to contact us so that we may coordinate with ORD APA Representatives. We would like to see our brothers and sisters from other unions on theproperty come and benefit from hearing our investment bankers speak.
Please stay tuned, and keep passing the word about Employee Ownership at American Airlines/AMR Corporation.
Sincerely,
CA Bill Haug
President, American Employees for Ownership/www.buyitfixit.org
