And now the grants are not grants?
04-12-2020, 06:34 AM
#11
Gets Weekends Off
Joined APC: Aug 2013
Posts: 2,159
But, why sell that much stock in the first place if you just want to go out and spend money to buy it back? I don't get it. Why not have some planning on how many shares to sell?
The employees won't be very forgiving to management for putting us in this situation. They didn't need to put is in a deep stall and I get it, the government doesn't feel obligated to make the tax-payers bail them out. Moreover, unionized labor doesn't feel like bailing management out again for poor planning and giving away our financial cushion. it's management's job to plan for down-turns and put us in a position to weather any storm. They failed to protect us. We put allot of faith and trust in Core4, blah-blah-blah. Where was their Core4?
04-12-2020, 06:47 AM
#12
Gets Weekends Off
Joined APC: Mar 2015
Posts: 351
I've heard the various reasons why management may want to buy back stock.
But, why sell that much stock in the first place if you just want to go out and spend money to buy it back? I don't get it. Why not have some planning on how many shares to sell?
The employees won't be very forgiving to management for putting us in this situation. They didn't need to put is in a deep stall and I get it, the government doesn't feel obligated to make the tax-payers bail them out. Moreover, unionized labor doesn't feel like bailing management out again for poor planning and giving away our financial cushion. it's management's job to plan for down-turns and put us in a position to weather any storm. They failed to protect us. We put allot of faith and trust in Core4, blah-blah-blah. Where was their Core4?
But, why sell that much stock in the first place if you just want to go out and spend money to buy it back? I don't get it. Why not have some planning on how many shares to sell?
The employees won't be very forgiving to management for putting us in this situation. They didn't need to put is in a deep stall and I get it, the government doesn't feel obligated to make the tax-payers bail them out. Moreover, unionized labor doesn't feel like bailing management out again for poor planning and giving away our financial cushion. it's management's job to plan for down-turns and put us in a position to weather any storm. They failed to protect us. We put allot of faith and trust in Core4, blah-blah-blah. Where was their Core4?
04-12-2020, 07:19 AM
#13
Gets Weekends Off
Joined APC: May 2009
Position: The GF of FUPM
Posts: 3,073
Look at Tilton and Smisek. One presided over the largest bankruptcy in history and walked away with 40 plus Million. The other was handed the keys to a cash machine and tried his best to wreck it. He broke actual laws in the process yet he still walked away with at least 12M. Does anyone here think that was a failure in their eyes? Anyone who is about to have his pay and bene's slashed again??
With that kind of ching, who cares about your career or "legacy"? They can snort coke off the oh-so-firm bellies of 1000 dollar a night hookers and eat tenderloin while sipping the world's most expensive Cabernet for the rest of their days. With that kind of failure behind me, I'd be fishing the keys off of my 35-foot center console while laughing my a$$ off for the rest of my life.
With that kind of ching, who cares about your career or "legacy"? They can snort coke off the oh-so-firm bellies of 1000 dollar a night hookers and eat tenderloin while sipping the world's most expensive Cabernet for the rest of their days. With that kind of failure behind me, I'd be fishing the keys off of my 35-foot center console while laughing my a$$ off for the rest of my life.
04-12-2020, 07:21 AM
#14
Gets Weekends Off
Joined APC: Nov 2019
Posts: 1,256
Ch.11 is one of them.
04-12-2020, 07:28 AM
#15
Gets Weekends Off
Joined APC: Feb 2006
Posts: 1,068
6 carriers received ATSB funds. The two carriers the program was designed for by Congress, UA & AA were not among them. Of those that received funds, only one could be considered a success in that it controlled it’s own future and repaid the loan. That was America West. Doubt most pilots could name the others outside of UsAirways, but they were Frontier, Aloha, World, and Evergreen.
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04-12-2020, 07:29 AM
#16
Gets Weekends Off
Joined APC: Oct 2010
Position: CRJ FO
Posts: 653
The only thing executive will care about during bankruptcy will be the safety of their compensation packages. Whether or not they will be wiped out like the rest of the shareholders or be able to safeguard their stock grants, options, and bonuses. They’re driven by their version of FUPM not altruism. In terms of legacy, somehow most seem to fail up. Exhibit 1 Bob Nardelli: failed up from Home Depot to Chrysler
https://money.cnn.com/2007/01/03/new...es/home_depot/
http://www.google.com/amp/s/www.wsj....3fresponsive=y
https://money.cnn.com/2007/01/03/new...es/home_depot/
http://www.google.com/amp/s/www.wsj....3fresponsive=y
04-12-2020, 08:38 AM
#18
Gets Weekends Off
Joined APC: Jun 2007
Position: 767/757 CA
Posts: 2,701
Look at Tilton and Smisek. One presided over the largest bankruptcy in history and walked away with 40 plus Million. The other was handed the keys to a cash machine and tried his best to wreck it. He broke actual laws in the process yet he still walked away with at least 12M. Does anyone here think that was a failure in their eyes? Anyone who is about to have his pay and bene's slashed again??
With that kind of ching, who cares about your career or "legacy"? They can snort coke off the oh-so-firm bellies of 1000 dollar a night hookers and eat tenderloin while sipping the world's most expensive Cabernet for the rest of their days. With that kind of failure behind me, I'd be fishing the keys off of my 35-foot center console while laughing my a$$ off for the rest of my life.
With that kind of ching, who cares about your career or "legacy"? They can snort coke off the oh-so-firm bellies of 1000 dollar a night hookers and eat tenderloin while sipping the world's most expensive Cabernet for the rest of their days. With that kind of failure behind me, I'd be fishing the keys off of my 35-foot center console while laughing my a$$ off for the rest of my life.
04-12-2020, 08:41 AM
#19
Gets Weekends Off
Joined APC: Jun 2015
Posts: 699
This was never a bailout. It was always going to be a loan or the government would get equity in the airline.
The airlines will likely choose bankruptcy at this point. Furloughs and renegotiating bankruptcy contracts with labor groups will certainly be cheaper than taking the "grant". This was just a political stunt by your elected officials. Period.
The airlines will likely choose bankruptcy at this point. Furloughs and renegotiating bankruptcy contracts with labor groups will certainly be cheaper than taking the "grant". This was just a political stunt by your elected officials. Period.
