I think you are wrong. I've been there. I've seen the humming and hawing and the body language when they are asked if the so called "Kirby" proposal is still a solid offer. You should have seen the look on DP's face when asked "If there are only $40 million in synergies left in this merger, then why would you want to spend $120 million to get a pilot contract" (loose quote, but right in there). DP's response: "because it's the right thing to do". You could see it all over him. It was all he could think of. No facts, no numbers, no business plans, no payback...nada, nothing.
You need to look at the negotiating minutes and see just how far the company has backed away from that proposal.
The company is happy just the way things are: big bonuses, nice profits, good numbers on the operation, and the financial community completely charmed.
Driver <_<