Guest Labtec Posted May 31, 2003 Share Posted May 31, 2003 For those of you blaming ACPA for the current mess just remember that in 15 years the management and BOD of this airline have nearly completely destroyed it. The IPO when AC went public, if memory serves, was $10. The stock has never split, it has never paid a dividend. Its high in 15 years was about 20 bucks. It is currently at about $1.75. Nice job Mr. Milton. The bond holders who held our corporate issue will be lucky to see 10 cents on the dollar if we pull out of CCAA or maybe less if we go into full bankruptcy. Nice job Mr. Milton. We spent roughly 1.25 billion taking over CAIL and fighting off Mr. Schwartz when the law clearly prevented what Schwartz had planned. This little endeavour has been assailed in business circles as pretty much the dumbest move in Canadian corporate history. Why would you spend 1.25 billion taking over an enterprise that was going to fail? Even Carty thought this was ridiculous. Nice job Mr. Milton. Then we had September 11th; tragic and very costly. What did our leader do? He went on a public rant claiming he needed 3-4 billion dollars or we wouldn't survive. Nothing like appearing like a raving lunatic in public while sitting as the head of a major federal undertaking. Since then they haven't let him anywhere near a camera or microphone. Nice job Mr. Milton. Pilot contract due to be negotiated. Uncle Milty says the model is broken we need to gut your contract. Here is your "Final Offer Of Settlement." He picked the lowest paid pilot groups in Canada to compare our wages to and said we needed to be paid the same. Three of the five companies he compared us to have gone out of business! Nice job Mr. Milton. Seven days before the sky fell under his leadership he gave the CUPE a 10% raise. Bob, didn't you know we didn't have the cash for this or were you bargaining in bad faith? Either way the optics are very bad. On one hand you may have acted duplicitously on the other you may appear incompetent. Nice Job. Tango, Zip, ACJETZ, a merged JIZZ and this will save us he said. Tragically we are now in CCAA as a result. Nice Job Mr. Milton. The new mana from heaven? Point to point in 75 seat Rj's flown by connector pilots. If you have been in this business any length of time you can be sure that this plan that looks good today will fail tomorrow. The companies that successfully do point to point use 737's or 320's and have no regional subsidiary. Who is Southwest's regional connector? Oh ya they don't have one. How about JETBLUE? I forgot, they don't have one either. Who does the feed for Westjet? [sound of the buzzer on Jeopardy] NOBODY! Nice job Mr. Milton And here we sit. On the eve of destruction with the crabs in the bucket turning on one another all the while the puppeteer who got us here refuses to release details of his compensation package or that of his five senior managers. He does this in contravention of OSC regulations. Why? Well I think you folks know the answer to that question. It is the same reason Carty didn't publicly announce the 45 million dollar top up to the executive pensions at American. Where does Carty work now? Ah yes it was ACPA that destoyed shareholder equity. It was ACPA that has destoyed bond holder equity. It was ACPA that has stiffed the airport authorities, the crew transportation companies, Cara, Nav Canada, the fuellers and a long list of others. I am sure it was ACPA that came up with the silly scorched earth policy that has sought to kill off any and all competition in Canada. ACPA, those evil men and women sitting in the front of those grand flying contraptions, it must have been them. 256 million dollars from 3490 pilots. Ya that's fair. It works out to exactly $73352.44 per pilot. Since my T4 last year was a whopping $69456.44 I'd have to pay Bobby $3895.99 per year just to work here. Nice job Mr. Milton. Somehow I think it is Milton and his rabble that will be looking for work when the smoke clears. My guess is the golden parachute was packed by the man himself. You people can blame ACPA for this mess but that is exactly what the puppeteer wants you to do. There is nothing like watching the crabs in the bucket duke it out. As I said in an earlier post that's it for me I am getting out of the bucket I've seen enough. Link to comment Share on other sites More sharing options...
Guest Kal Posted May 31, 2003 Share Posted May 31, 2003 It's probably all a moot point anyway. Robert and Calin have lost control of the issues and that control resides in the hands of the folks that are going to be asked to trust that the fixed model cannot just survive, but thrive. If I were one of those folks I would look very hard at the behaviour of the labor group that is standing alone right now. Why would I not just cut my losses and run when I see the behaviour of this group? Perhaps some (or more than some) is spin, certainly not all though. Every labour group in the family is sucking it up. Even that intransigent group (as others, not I have called them ) CUPE. Every group has or will see at least a 25% reduction in force (more at some Jazz units). After all, the warning flag went up for all groups at the same time. Some chose to deny and whine, some chose to b!tch and play and some worked hard at trying to address the issues as presented. Again whether totally deserved or not ACPA is now in the position of being recognised as having a litany of intractability. The "it's not our fault" or "take from someone else" or "kill the feeders and the world will be better" or "were going to take this whole process to court" is not what the creditors needed to here from the self proclaimed lead labour group. It is the last thing they want to here. I believe that ACPA has seriously misplayed their hand in this one. It may be their last. Hopefully between now and tomorrow they can find a rabbit in some hat, because if they are forced kicking and screaming to the wood shed,,,, it is over. It may already be. IMHO Link to comment Share on other sites More sharing options...
LongTimer V Posted May 31, 2003 Share Posted May 31, 2003 First to go should be the BOD.What a bunch,what have they been up to.Who cares what they think now.Why would anyone print comments from these moron's now.I'm with the IAM,but i gotta tell you i'm siding with the pilots.I thought the judge is suppose to be impartial,slagging the pilots upsets me never mind ACPA.Something is wrong with this picture. Link to comment Share on other sites More sharing options...
Guest Labtec Posted May 31, 2003 Share Posted May 31, 2003 All I can say is 73K per pilot. That seems reasonable to you? Many of us don't even make that much. Hell, we have F/A's that earn 65K. The 20 or so FSD's got 18K each to kill their classification and those that remain earned more than I did last year and I fly the plane. This has become a circus. If we were to accept the company's offer we lose 821 jobs and my position goes from earning about 70k/year to about 39. You think that's reasonable? I say if they want to declare economic war on me and my family then we shall die in battle together. I can super size that for you for .69 cents. Labtec Labtec Link to comment Share on other sites More sharing options...
Guest Kal Posted May 31, 2003 Share Posted May 31, 2003 Man, you are being blinded by your own smoke. If you haven't or can't figured out by now that the labor bill is far more than dollars in your jeans, then I never will be able to convince you. Like I said it's probably too late. The percieved or actual performance by the ACPA is probably enough to put any creditor of the lunch they are going to asked to eat. Maybe you can go back to the lab and be a tech. Link to comment Share on other sites More sharing options...
Guest Kal Posted May 31, 2003 Share Posted May 31, 2003 Man, you are being blinded by your own smoke. If you haven't or can't figured out by now that the labor bill is far more than dollars in your jeans, then I never will be able to convince you. Like I said it's probably too late. The percieved or actual performance by the ACPA is probably enough to put any creditor off the lunch they are going to asked to eat. Maybe you can go back to the lab and be a tech Link to comment Share on other sites More sharing options...
Guest AME Posted May 31, 2003 Share Posted May 31, 2003 I think there is more than enough blame to go around, but the fact remains that the water is lapping over the edge and if we don't ALL start bailing we're collectively sunk,and just like the Titanic there isn't enough life boats to go around. Brett Link to comment Share on other sites More sharing options...
Guest Kal Posted May 31, 2003 Share Posted May 31, 2003 Further: There are Jazz pilots who have already suckled up more than you have. Where's the whine??? The Co says 604 people you say 800 and some, Are you blowing more smoke?? Are you using positions lost or surpluss employees?? If it's the former you are exacerbating the litany of bullsh!t the ACPA is plowing out. Get real man.. Quit if it makes you feel better. Let the rest of us 35000 make this into the best airline system it can be. Good nite and Goodbye Link to comment Share on other sites More sharing options...
Guest BillyBigToe Posted May 31, 2003 Share Posted May 31, 2003 Give me a break....Do I hear self interest?? Link to comment Share on other sites More sharing options...
Guest Labtec Posted May 31, 2003 Share Posted May 31, 2003 That's what its all about. Link to comment Share on other sites More sharing options...
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