Lipstick on a pig!

[jetmechjer]

All they did was put lipstick on this pig of an offer and convince enough title two reps to bring it back for vote!!! AA always said we were the lowest paid because "we have a defined pension and retiree medical"! Well they are taking that away and still want to keep us lower than whale #### at the bottom of the industry in benefits and wages!!!

VOTE NO AGAIN!!!


We still have at least another week to "nogo" tiate!!!


The company has agreed to pay TWU's bankruptcy fees, including all attorney fees! Imagine that!!! Lets vote no and continue to negotiate and burn some more of their money!!! Third time is a charm!!!!!!!

And what will the losers that got us into bankruptcy get when we emerge from it? It is estimate that they will take 300 to 600 million dollars for a job well done!!!
That's a whore TON of money from all of us in the trenches!!
VOTE NOOOOOOOOOOOOOOOOOOOOO!!!!!!!!!!!!!!!

 

[olderguyAMT]

All they did was put lipstick on this pig of an offer and convince enough title two reps to bring it back for vote!!! AA always said we were the lowest paid because "we have a defined pension and retiree medical"! Well they are taking that away and still want to keep us lower than whale #### at the bottom of the industry in benefits and wages!!!

VOTE NO AGAIN!!!


We still have at least another week to "nogo" tiate!!!


The company has agreed to pay TWU's bankruptcy fees, including all attorney fees! Imagine that!!! Lets vote no and continue to negotiate and burn some more of their money!!! Third time is a charm!!!!!!!

And what will the losers that got us into bankruptcy get when we emerge from it? It is estimate that they will take 300 to 600 million dollars for a job well done!!!
That's a whore TON of money from all of us in the trenches!!
VOTE NOOOOOOOOOOOOOOOOOOOOO!!!!!!!!!!!!!!!

How do you know that the co.is paying the union's fees? Rumor?

 

[FWAAA]

AA has agreed to pay the fees of the APA's lawyers and experts IF the APA ratifies the LBO:

Q(7): Please explain the compensation claim for our advisers and what happens if it is reached.

A: As part of the settlement, AMR has agreed to provide APA with an administrative expense claim of up to $5,000,000 to cover the fees and expenses of APA’s lawyers and experts. [The cap on fees and expenses was negotiated and APA’s negotiating team believes the cap is likely sufficient to cover all anticipated fees and expenses of APA’s lawyers and experts. To the extent the fees and expenses exceed the cap, APA will need to pay those fees and expenses.]

It is important to note that absent this settlement, APA would be responsible for payment of all of the fees and expenses of its lawyers and experts. Thus, the settlement reduces the costs of this bankruptcy to APA.

APA’s financial adviser, Lazard, is not included in the aforementioned cap and will be separately reimbursed by AMR for its work on behalf of APA. In addition, Lazard’s engagement letter with APA provides that Lazard will advise APA on the monetization of any securities it receives as part of AMR’s bankruptcy. APA will therefore be liable for any brokerage commissions to Lazard that arise from this monetization, just as it would were Fidelity or Schwab to arrange the resale of these securities.

https://public.allie...uity-stake.aspx
Consistent with the "me-too" provisions, probably safe to assume that AA made the same offer to the TWU (and APFA).

 

[TWU informer]

So the Unions are all saving their institutional cash at the expense of the membership ratification on something the company is salivating to get ratified?

WOW

Really?

And what percentage stake in the new company did the TWU get for the Mechanics?

 

[olderguyAMT]

So the Unions are all saving their institutional cash at the expense of the membership ratification on something the company is salivating to get ratified?

WOW

Really?

And what percentage stake in the new company did the TWU get for the Mechanics?

It is said by Sam, it's still being negotiated.

 

[signals]

Fools rush in where wisemen fear to tread.

 

[Ken MacTiernan]

So the Unions are all saving their institutional cash at the expense of the membership ratification on something the company is salivating to get ratified?

WOW

Really?

And what percentage stake in the new company did the TWU get for the Mechanics?

I believe that American eagle will win a the bid to do ramp at AA. That way AA gets the lowered pay scale and benefits and the worthless twu gets the dues for the new hires Eagle will need. It's a win-win!

 

[700UW]

At US in both our chapter 11 cases all the unions were reimbursed for expenses by the company for concessionary bargaining.

 

[Glenn Quagmire]

The company paying the union legal expenses story is a red herring.

 

[olderguyAMT]

The company paying the union legal expenses story is a red herring.

so the red herring is the distraction, but you left out the real issue.
Which is??

 

[Buck]

It is said by Sam, it's still being negotiated.

Did Sam say the fees were being negotiated or that the difference from 20% to 17% ?

 

[Bob Owens]

So the Unions are all saving their institutional cash at the expense of the membership ratification on something the company is salivating to get ratified?

WOW

Really?

And what percentage stake in the new company did the TWU get for the Mechanics?

No number was discussed, only the claim for all expenses associated with the BK filing. So as you can imagine thats a pretty big incentive for the Union to get it to pass, it puts a lot of money back in the Unions treasury. 6 year deal maens they save a lot going forward as well, such for us members though.

 

[Barfbag]

So the Unions are all saving their institutional cash at the expense of the membership ratification on something the company is salivating to get ratified?

WOW

Really?

And what percentage stake in the new company did the TWU get for the Mechanics?

This is News to you? No this is the problem.

The Union never go into any battle without a survival clause. They don't fight " to the last man " as you wish. The unions are on the company's payroll just like the FAT cats, CEO and BOD.

When the fight is over.

You'll be opening tuna fish cans, but the unions will still be chewing on their USDA prime steaks.

 

[jetmechjer]

Great video that sums up the latest LBO II !!!
VOTE NO AGAIN!!!


http://www.youtube.com/watch?feature=player_detailpage&list=ULkMqaUh_qXQQ&v=kMqaUh_qXQQ

 

[Vortilon]

Like the video...nice touch...