Judge Rules Northwest Must Buy Back Employee Stock

[ZMAN777]

Anyone with a comment on last week's ruling by the judge saying NWA must buy back the stock issued to employees back in '93? I can't believe there isn't anything on this here yet.

Also, what are the chances that the announcement today by NWA management that they'll now seek $1.1 billion in employee concessions is tied to this.

Cheers,
Z B)

 

[Kev3188]

If you ask me, I'd say it's a little too ironic that after being ordered to pay roughly $200 million back that they're now asking for the same in givebacks. Typical NWA mgmt. Will it ever end?


As far as I'm concerned senior mgmt. can piss up a rope.

 

[LGA Fleet Service]

If you ask me, I'd say it's a little too ironic that after being ordered to pay roughly $200 million back that they're now asking for the same in givebacks.

[post="259239"][/post]​

The IAM should tell them they'd be willing to let the stock buyback slide in order to forgo the concession request.

 

[ExAF]

First, I'm sure they will try any and all available appeals/delays to this ruling. Then, if those are exhaulsted, I think they would try the BK route before they will actually pay out the 286Mil + penalties. BOHICA.

 

[JetClipper]

I can understand NWA's desire to delay the payments, given the current state of affairs. That being said, an agreement is an agreement; I just don't think anyone imagined that 10 years down the road the company would in worse condition than they were then.

 

[Red Tail Bear]

They should of paid it back when they were supposed to. Instead they reneged on the deal via loopholes.

 

[Kev3188]

I agree; a deal's a deal. I wonder how receptive everyone would have been if the company was a bit more forthright ("guys, we're bleeding red ink.")?

Telling us it was because "we're based in Delaware" while we had/have over 2B in the bank was just insulting.

 

[Red Tail Bear]

I agree; a deal's a deal. I wonder how receptive everyone would have been if the company was a bit more forthright ("guys, we're bleeding red ink.")?

Telling us it was because "we're based in Delaware" while we had/have over 2B in the bank was just insulting.

[post="259556"][/post]​

Looking back I wish I had dumped this worthless stock, back when it was
worth around $55.00 per share. I doubt it will ever be worth that much again.

 

[NewHampshire Black Bears]

First, I'm sure they will try any and all available appeals/delays to this ruling. Then, if those are exhaulsted, I think they would try the BK route before they will actually pay out the 286Mil + penalties. BOHICA.

[post="259379"][/post]​

+++++++++++++++++++++++++++++++++++++++++++++++

(Ah Jesus, I'm forced to type this AGAIN) ?? :angry: :angry:

ExAF,
"NW(along with AA and WN) will NEVER see the inside of a BK courthouse"

Please feel FREE to prove me wrong !!!!!!!!!!!

NH/BB's

 

[NewHampshire Black Bears]

I agree; a deal's a deal. I wonder how receptive everyone would have been if the company was a bit more forthright ("guys, we're bleeding red ink.")?

Telling us it was because "we're based in Delaware" while we had/have over 2B in the bank was just insulting.

[post="259556"][/post]​

+++++++++++++++++++++++++++++++++++++++++++++++
"YO" KA,

how was your "vaca" ??



NH/BB's

 

[Kev3188]

+++++++++++++++++++++++++++++++++++++++++++++++
"YO" KA,

how was your "vaca" ??



NH/BB's

[post="259855"][/post]​

Good, but waaaaaayyy too short!!! (aren't they all, though?)

 

[ExAF]

+++++++++++++++++++++++++++++++++++++++++++++++

(Ah Jesus, I'm forced to type this AGAIN) ?? :angry: :angry:

ExAF,
"NW(along with AA and WN) will NEVER see the inside of a BK courthouse"

Please feel FREE to prove me wrong !!!!!!!!!!!

NH/BB's

[post="259854"][/post]​

I sure hope you are right...I don't want them to prove you wrong!

 

[Red Tail Bear]

The IAM should tell them they'd be willing to let the stock buyback slide in order to forgo the concession request.

[post="259320"][/post]​

The company probably already thought of this idea as another way of avoiding the buyback.