- Jan 10, 2003
- 151
- 1
Members of Management,
I see that the U BOD had approved the modifications to the profit sharing
piece in our agreements that came on a recommendation by the Human Resources
Committee and by Strategy and Finance Committee. I guess the greedy
investors found "unacceptable" the terms in Labor's agreements with regard
to profit sharing. How typical. Something else to add to the "plan of
reorganization" along with your TRP.
So, when is a deal, really a deal in any agreement in this airline and with
this management? Yea, I know, its just plain beyond your control....blah,
blah, blah. Republic Airways stole MAA for a lousy $100 million. 28 a/c
that are basically all brand new and our slots in DCA and LGA. What a rip
off. This entire MAA deal cost labor in concession #1 over $1 Billion. Oh
well, only money right?
Am I angered over this? Just as much as I was angered over your part of the
TRP. Will I get over it? Probably not.
I'm sure if I were a flyonthewall I would have seen that there were no
compelling arguments to protect labor's interest in the profit sharing piece
in our agreements that without ratification, would never have brought about
a merger or a sustained airline. And if I were a cockroach running across
the room, I would just know that there was no compelling argument from the
negotiators from management to Republic Airways to protect jobs at MAA to go
with the A/c for that $100 million big ones.
I trust we will be able to make a compelling argument to the court
reflecting the profit sharing plan was a key selling point for the
concessions given to get the airline to the point of a merger.
Here we go again...
Teddy
MEC President
I guess this is their payback for opposing their retention bonuses!
Crazy
I see that the U BOD had approved the modifications to the profit sharing
piece in our agreements that came on a recommendation by the Human Resources
Committee and by Strategy and Finance Committee. I guess the greedy
investors found "unacceptable" the terms in Labor's agreements with regard
to profit sharing. How typical. Something else to add to the "plan of
reorganization" along with your TRP.
So, when is a deal, really a deal in any agreement in this airline and with
this management? Yea, I know, its just plain beyond your control....blah,
blah, blah. Republic Airways stole MAA for a lousy $100 million. 28 a/c
that are basically all brand new and our slots in DCA and LGA. What a rip
off. This entire MAA deal cost labor in concession #1 over $1 Billion. Oh
well, only money right?
Am I angered over this? Just as much as I was angered over your part of the
TRP. Will I get over it? Probably not.
I'm sure if I were a flyonthewall I would have seen that there were no
compelling arguments to protect labor's interest in the profit sharing piece
in our agreements that without ratification, would never have brought about
a merger or a sustained airline. And if I were a cockroach running across
the room, I would just know that there was no compelling argument from the
negotiators from management to Republic Airways to protect jobs at MAA to go
with the A/c for that $100 million big ones.
I trust we will be able to make a compelling argument to the court
reflecting the profit sharing plan was a key selling point for the
concessions given to get the airline to the point of a merger.
Here we go again...
Teddy
MEC President
I guess this is their payback for opposing their retention bonuses!
Crazy