Wendy Morse Could Be Ousted Monday
04-19-2011, 04:50 PM
#64
Gets Weekends Off
Joined APC: Aug 2008
Posts: 134
A friend of mine sent me this today. I think it refers to the MEC but I believe Council 11 (DCA) still has a resolution pending on Friday's meeting to give direction to the LEC officers to begin a recall effort. Of course, anti Wendy recall people have resolutions pending to recall our DCA LEC officers for considering a recall of the MC
United union chief dodges recall
The Plain Dealer, 16 Apr
Capt. Wendy Morse, the first woman to head a major U.S. pilots union, has dodged a movement to oust her from office.
A vote on a resolution to recall Morse was deferred Friday at a meeting of the United Master Executive Council of the Air Line Pilots Association, union spokesman Dave Kelly said in an email.
Because the council didn't throw out the resolution, Morse could face another recall vote when the union leaders meet again in July. She is under fire from a faction that thinks the union needs to be more confrontational in negotiations with United Continental Holdings Inc., the parent company of the merged United and Continental.
If Morse is replaced, it could signal the kind of labor discord United wants to avoid as it continues combining workforces into the world's largest carrier.
Beyond internal discord among United pilots, there's another testy issue to come - melding United pilots' seniority list with that of Continental pilots.
Pilots at Northwest Airlines and Delta Air Lines cleared the hurdle without too much rancor, but six years after America West Airlines bought US Airways, seniority lists remain divided and pilots fly separate fleets.
To reach this Plain Dealer reporter: [email protected], 216-999-4758
(c) 2011. The Plain Dealer. All rights reserved.
United union chief dodges recall
The Plain Dealer, 16 Apr
Capt. Wendy Morse, the first woman to head a major U.S. pilots union, has dodged a movement to oust her from office.
A vote on a resolution to recall Morse was deferred Friday at a meeting of the United Master Executive Council of the Air Line Pilots Association, union spokesman Dave Kelly said in an email.
Because the council didn't throw out the resolution, Morse could face another recall vote when the union leaders meet again in July. She is under fire from a faction that thinks the union needs to be more confrontational in negotiations with United Continental Holdings Inc., the parent company of the merged United and Continental.
If Morse is replaced, it could signal the kind of labor discord United wants to avoid as it continues combining workforces into the world's largest carrier.
Beyond internal discord among United pilots, there's another testy issue to come - melding United pilots' seniority list with that of Continental pilots.
Pilots at Northwest Airlines and Delta Air Lines cleared the hurdle without too much rancor, but six years after America West Airlines bought US Airways, seniority lists remain divided and pilots fly separate fleets.
To reach this Plain Dealer reporter: [email protected], 216-999-4758
(c) 2011. The Plain Dealer. All rights reserved.
04-19-2011, 06:31 PM
#65
Banned
Joined APC: Mar 2009
Position: 757 Capt
Posts: 798
Regarding Capt Morse's explanation letter today (for those who have access):
1) Does every MEC keep an investment banking firm on payroll?
2) If so, why?
3) If not -- why does the UAL MEC keep one on payroll?
4) If the UAL MEC has some phenomenal pot of money that requires an investment banking firm to handle it, aren't there plenty of them out there that will do so on a performance fee basis?
5) Does anyone ever look at the UAL MEC numbers when ALPA does the mandatory disclosure of major contingency fund expenditures each year? The UAL MEC routinely spends 5-10 times as much as their nearest "competitor".
I don't pretend to understand all of the inner workings here, but I'd like to. At a glance, things look like they could bear closer examination.
PIPE
1) Does every MEC keep an investment banking firm on payroll?
2) If so, why?
3) If not -- why does the UAL MEC keep one on payroll?
4) If the UAL MEC has some phenomenal pot of money that requires an investment banking firm to handle it, aren't there plenty of them out there that will do so on a performance fee basis?
5) Does anyone ever look at the UAL MEC numbers when ALPA does the mandatory disclosure of major contingency fund expenditures each year? The UAL MEC routinely spends 5-10 times as much as their nearest "competitor".
I don't pretend to understand all of the inner workings here, but I'd like to. At a glance, things look like they could bear closer examination.
PIPE
04-20-2011, 07:25 AM
#66
Gets Weekends Off
Joined APC: Oct 2010
Posts: 2,639
2) Not usually required. But...see #3.
3) The UAL MEC used IB firms for the ESOP in the '90s, bankruptcy in the '00s, and for the merger today.
The IB firms were retained after the bankruptcy was complete because the CEO was very public with his intentions to seek a merger so the pre-merger wheels were turning for a long time prior to the official CAL announcement in 2010. (Don't forget that there were multiple discussions with DAL, USAir, and CAL between 2005 and 2010 most of which were not public at the time but the MEC and IB firms were involved.)
It should also be noted that as part of the current merger transition agreement that UAL is reimbursing ALPA for merger-related expenses including the current investment banking firm.
The use of the IB firm is two-fold:
1) Advise in regard to a potential and undetermined equity share
2) Analysis of the company's financials for contract negotiation purposes. As Morse's letter indicated a large portion of that work is now done in-house within ALPA. Previously UAL would not disclose such data directly to ALPA for various reasons.
04-20-2011, 08:17 PM
#67
Banned
Joined APC: Mar 2009
Position: 757 Capt
Posts: 798
You know why this profession is so screwed -- let me opine.
I posted some very interesting technical questions about the airline and one guy gave a constructive answer in 24 hours. Another guy posts about the color of the uniform and seven people jump on it immediately.
We, as a group, are dead men walking. It ain't ever coming back.
PIPE
I posted some very interesting technical questions about the airline and one guy gave a constructive answer in 24 hours. Another guy posts about the color of the uniform and seven people jump on it immediately.
We, as a group, are dead men walking. It ain't ever coming back.
PIPE
04-21-2011, 04:10 AM
#68
Gets Weekends Off
Joined APC: Feb 2011
Posts: 215
Regarding Capt Morse's explanation letter today (for those who have access):
1) Does every MEC keep an investment banking firm on payroll?
2) If so, why?
3) If not -- why does the UAL MEC keep one on payroll?
4) If the UAL MEC has some phenomenal pot of money that requires an investment banking firm to handle it, aren't there plenty of them out there that will do so on a performance fee basis?
5) Does anyone ever look at the UAL MEC numbers when ALPA does the mandatory disclosure of major contingency fund expenditures each year? The UAL MEC routinely spends 5-10 times as much as their nearest "competitor".
I don't pretend to understand all of the inner workings here, but I'd like to. At a glance, things look like they could bear closer examination.
PIPE
1) Does every MEC keep an investment banking firm on payroll?
2) If so, why?
3) If not -- why does the UAL MEC keep one on payroll?
4) If the UAL MEC has some phenomenal pot of money that requires an investment banking firm to handle it, aren't there plenty of them out there that will do so on a performance fee basis?
5) Does anyone ever look at the UAL MEC numbers when ALPA does the mandatory disclosure of major contingency fund expenditures each year? The UAL MEC routinely spends 5-10 times as much as their nearest "competitor".
I don't pretend to understand all of the inner workings here, but I'd like to. At a glance, things look like they could bear closer examination.
PIPE
The IB is not to manage some big pot of money, but to give the MEC advice on mergers and other matters where ALPA's Economic and Analysis Dept might have a "conflict of interest" in matters that might pertain to two different ALPA properties.
WRT the MCF ... the UAL MEC spent more of the MCF money because of the labor disputes they have been involved in over the years. FWIW ... they have also contributed more to the MCF than any other property.
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