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On 4/2/2003 9:52:25 PM SpinDoc wrote:
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On 4/1/2003 9:00:56 PM mlt wrote:
SpinDoc,
Part 2: The front line employees can't be trusted? This from a managerial team that paid 35 million dollars on the eve of bankruptcy? This from a managerial team that made certain their retirements were pay protected in their contracts by including that their pensions were based on pre-concession wages and assumed bonuses?
I'll stop now as I realize it is never a great idea to write in anger.
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Without being disrespectful, I would like to provide a wake up call to those who insist on beating the dead horse of the $35 million payments that were divided among WolfGang and Nagin. The payments were based on contractural agreements that were approved by the former US Airways Board of Directors well before the company reached the decision to file for Chapter 11 protection. Furthermore, to question these payments reflects the inanity of people who protest the war in Iraq. The deal is done and like it or not, cannot be changed.
It comes down to envy of those who have acheived a high level of success by those who may will never reach that level. The answer to this is simple. Spend 4 years of your life obtaining a college degree. Then, spend another 2 or 3 years obtaining an MBA. After that, work your way through various levels of a large company for 10+ years (without guarantee of success), make it to the top, and then you too will be privileged enough to earn that type of financial reward. Until you reach that level, you will never understand the $35 million in payments, and you have no right to question it.
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Spin head,
Personally, $35Million is something I will not challenge as I explained in a previous post, those provisions were contract triggers way before BK, with specifically our Ex CEO contract.
As you are well aware, and I suspect you were a big part of, we were given much "SPIN" this summer and winter and we OPENED our agreements because of threats and intimidation. NO NEGOTIATIONS!!! My main point in gracing you with my response is that you have VP executives up in CCY THAT DON'T HAVE A MBA DEGREE OR MASTERS ANYTHING, SO DON'T TALK ABOUT YEARS IN EDUCATION...and the "rank and file" that work for U ARE HIGHLY EDUCATED, MANY AFTER TAKING A JOB WITH U.
MANAGEMENT:
Since you chose to PM me about my negative attitude..... (with all due respect).....could you take some advice and please shut "spin doc" up...he's making your guys look really, really, bad, and making me look really, really credible.