UalEmp7220
Newbie
- Sep 1, 2002
- 2
- 0
TIME TO BUY OUR COMPANY
FOR THE CONCESSIONS THAT ARE BEING ASKED FOR,
WE COULD BUY UNITED TOTALLY 3-4 TIMES OVER.
WELL LETS GET THE UNIONS TOGETHER AND GET THIS THING DONE, ONCE AND FOR ALL.
It''s 3 am and I had an idea.UAL ended trading Friday at under $3.I''m pretty sure that in the next 2 business days it will be under $1.Amazing.The pay cuts put forth by UAL make it absolutely impossible for employees to accept.Every economist across this nation expects the airlines to slump until the 2nd quarter (some say 3rd quarter) of 2003.Next year......But UAL is asking for 1.5 billion per year for the next SIX. BK is what they want.So what happens to AA,Delta,Northwest etc etc? Carty is already hinting at it.Now these carriers not only have to compete with SW but a giant in UAL.It''s the domino theory and wall street is ecstatic. WHEN UAL files,it''s going to negatively affect every airline worker in this country .......It boggles the mind,but at $1 a share UAL (a company that has 6 Billion in cash and unencumbered equity) will be available for purchase for $160 Million.Nobody will buy it because of "employee costs".Employee costs are driving UAL to BK (BS ,I know) but they have very effectively put this crap out there.On the other hand employee concessions can save this airline.You may have 55 percent ownership in the ESOP but you have no control .Everyone in the business world agrees YOU are the solution. Now........Idea (Idealist?) time. UAL has 80000 employees being asked for givebacks totalling $1.5 billion a year.IF ALL EMPLOYEE GROUPS GET TOGETHER,you can buy majority ownership for about 80 million ($1 a share) and block the BK. Take your contracts and make them assets,EVERY employee contributes $1000 (over however long).All that needs to be done at the lender is to guarantee that UAL will never operate in the red.You are going to have givebacks in a BK,it''s nieve to think otherwise.So give the cuts to YOURSELF for only as long as is needed.The economists all agree.Next year will be better.When there is a profit,give all employees a bonus.After blocking the BK,assemble your own team and run the company as it should be run.Goodwin loses $1 billion on USAIR and AVOLAR and gets a $30 million BONUS????????After being forced out???If there''s a failure at least it will be yours.There is very little time to do this.Hard to do? Yes.Impossible?NO. Or,buy up all the stock (2000 per) and privatize. BUT AS LONG AS YOU BICKER AMONGST YOURSELVES EVERYONE LOSES and the airlines execs all around this country are going to screw the workers while lining their pockets." It''s a 2.87,so the cost is 240 mill for controlling interest(give or take 10 million)
What do you think?
Anybody else interested?
ORIG. POST FROM AOL-UAL MESSAGE BOARDS
AND WANTED SOME SUGGESTIONS FROM INTERESTED
MEMBERS READING THIS BOARD
FOR THE CONCESSIONS THAT ARE BEING ASKED FOR,
WE COULD BUY UNITED TOTALLY 3-4 TIMES OVER.
WELL LETS GET THE UNIONS TOGETHER AND GET THIS THING DONE, ONCE AND FOR ALL.
It''s 3 am and I had an idea.UAL ended trading Friday at under $3.I''m pretty sure that in the next 2 business days it will be under $1.Amazing.The pay cuts put forth by UAL make it absolutely impossible for employees to accept.Every economist across this nation expects the airlines to slump until the 2nd quarter (some say 3rd quarter) of 2003.Next year......But UAL is asking for 1.5 billion per year for the next SIX. BK is what they want.So what happens to AA,Delta,Northwest etc etc? Carty is already hinting at it.Now these carriers not only have to compete with SW but a giant in UAL.It''s the domino theory and wall street is ecstatic. WHEN UAL files,it''s going to negatively affect every airline worker in this country .......It boggles the mind,but at $1 a share UAL (a company that has 6 Billion in cash and unencumbered equity) will be available for purchase for $160 Million.Nobody will buy it because of "employee costs".Employee costs are driving UAL to BK (BS ,I know) but they have very effectively put this crap out there.On the other hand employee concessions can save this airline.You may have 55 percent ownership in the ESOP but you have no control .Everyone in the business world agrees YOU are the solution. Now........Idea (Idealist?) time. UAL has 80000 employees being asked for givebacks totalling $1.5 billion a year.IF ALL EMPLOYEE GROUPS GET TOGETHER,you can buy majority ownership for about 80 million ($1 a share) and block the BK. Take your contracts and make them assets,EVERY employee contributes $1000 (over however long).All that needs to be done at the lender is to guarantee that UAL will never operate in the red.You are going to have givebacks in a BK,it''s nieve to think otherwise.So give the cuts to YOURSELF for only as long as is needed.The economists all agree.Next year will be better.When there is a profit,give all employees a bonus.After blocking the BK,assemble your own team and run the company as it should be run.Goodwin loses $1 billion on USAIR and AVOLAR and gets a $30 million BONUS????????After being forced out???If there''s a failure at least it will be yours.There is very little time to do this.Hard to do? Yes.Impossible?NO. Or,buy up all the stock (2000 per) and privatize. BUT AS LONG AS YOU BICKER AMONGST YOURSELVES EVERYONE LOSES and the airlines execs all around this country are going to screw the workers while lining their pockets." It''s a 2.87,so the cost is 240 mill for controlling interest(give or take 10 million)
What do you think?
Anybody else interested?
ORIG. POST FROM AOL-UAL MESSAGE BOARDS
AND WANTED SOME SUGGESTIONS FROM INTERESTED
MEMBERS READING THIS BOARD