And done .....

[gutshotdraw]

Sorry, I'm a product of the Texas public school system. They never really cared much about spelling or sentence structure. They were/are more interested in teaching folks to speak clearly, with integrity, and remembering the Alamo.

I was lucky enough to attend private school so I can do both....

 

[fischman]

Thanks for posting. I'd also emphasize the slide at 4.00 of the presentation. The head of the union points out there that they got their industry leading contract in 2000, and then had to quickly agree to concessions after 9/11. They now want a contract that is tied to profit sharing and the overall health of the company. This is a smart move that we would be wise to replicate.

Everyone wants the pilots to be paid fairly. They also want the company to be viable well into the future. Tying a piece of the employee compensation to how well the company is doing is a good way to accomplish this. Both groups interests are aligned and everyone is working towards making the company better and more profitable.

You must really think we're stupid. There is NO WAY 1) Pedro will put out a TA with profit sharing in it. 2) The pilot's would vote yes for it.

Management has a trust issue, in that the employees don't trust them. It is evidenced in this thread when someone suggested we have to have full access to the books, and someone else mentioned being able to see through all the smoke.

If management wants us to trust them, here's how they start:

1) Bring back the hostages.

2) Give the union access to iJet.

3) Stop the PRB harassment.

4) Delete the policy manual.

Profit sharing is an automatic NO vote. I want my money NOW.

 

[Semore Butts]

Uh, yeah, no.

I'm with Fischman.

We never saw a dime of the big fuel saving incentives.

Beyond the business we have to conduct with management, their earning our trust back will take a long long time.

They have a huge task ahead of them beyond us. Regaining owners trust, getting our maintenance back on track, repairing the embarrassing way they treated our vendors, buying new aircraft to include somehow getting back with Gulfstream.

After that, maybe.

Take care, Semore

 

[T-1GUY]

Hansell and his management team screwed a lot of people over the past four years.

That mountain is steep...

 

[CA1900]

Hansell and his management team screwed a lot of people over the past four years.

That mountain is steep...

It's OK, though, they're bringing that same management team back.

 

[imacdog]

Profit sharing, when the company keeps the books to themselves?

https://www.youtube.com/watch?v=FMzdtFknWYM

 

[gutshotdraw]

It's OK, though, they're bringing that same management team back.

Let me ask you a question. Do you think Shane and Billy left the first time around because Hansell wasn't letting them screw the pilots enough?

Or do you think they left because they were sick to their stomach over what the Boy Wonder was doing to the employees, customers, and brand name of a once-great company?

I'm willing to give them some time to right the ship. They have a LONG way to go to rebuild any sense of trust with the pilot group but I KNOW that neither one would have agreed to come back without being given the authority to actually FIX it this time.

They're on a short leash but I won't spank the dog until it pees on the floor.

 

[CA1900]

They're on a short leash but I won't spank the dog until it pees on the floor.

I hope you're right. I need to see more than just actions at the bargaining table, though. There needs to be a wholesale change in the way this company relates to its employees if it's going to be a place we want to stay. Getting rid of that Ohio State group-think would go a long way towards that!

 

[gutshotdraw]

No argument here.

 

[G4dude]

Let me ask you a question. Do you think Shane and Billy left the first time around because Hansell wasn't letting them screw the pilots enough?

Or do you think they left because they were sick to their stomach over what the Boy Wonder was doing to the employees, customers, and brand name of a once-great company?

I'm willing to give them some time to right the ship. They have a LONG way to go to rebuild any sense of trust with the pilot group but I KNOW that neither one would have agreed to come back without being given the authority to actually FIX it this time.

They're on a short leash but I won't spank the dog until it pees on the floor.

Exactamundo.

 

[FamilyGuy]

Let me ask you a question. Do you think Shane and Billy left the first time around because Hansell wasn't letting them screw the pilots enough?

Or do you think they left because they were sick to their stomach over what the Boy Wonder was doing to the employees, customers, and brand name of a once-great company?

I'm willing to give them some time to right the ship. They have a LONG way to go to rebuild any sense of trust with the pilot group but I KNOW that neither one would have agreed to come back without being given the authority to actually FIX it this time.

They're on a short leash but I won't spank the dog until it pees on the floor.

I understand the frustration with the management team and philosophy that Jordan put together, in fact I shared it.

But I do think you guys need to give AJ and Bill some credit. It takes balls to walk away from a 20 year career with the same company, and write a letter to Warren telling him how bad it is at NetJets and they can't stay any longer while Jordan is in charge. Yes the union picketing got some attention and negative publicity for WB, but he didn't pull the trigger and make a change until the #2 and #3 executives walked out and expressed their frustration with the direction of the company.

Those guys have spent most of their entire careers at NetJets and know how to run it properly. I'm seeing a lot of positive moves by both of them - they met with your union leaders on day 2, while Jordan hadn't met with you for over four years. They've also taken some good steps at repairing the relationships with the vendors and the employees. I'm willing to give them some time to fix it. Jordan had 4 years to screw this place up and you can't put all the pieces back in place overnight.

 

[acaTerry]

Well the crap on the road has not changed one single bit, and until we see some changes, we will not trust anyone.

 

[CA1900]

Jordan had 4 years to screw this place up and you can't put all the pieces back in place overnight.

True, but the last guy who asked for a little time to get his bearings (Sokol) used that time to decimate the support staff of this company, and we're STILL recovering from it. So my patience is very, very limited at this point.

 

[gutshotdraw]

I understand the frustration with the management team and philosophy that Jordan put together, in fact I shared it.

But I do think you guys need to give AJ and Bill some credit. It takes balls to walk away from a 20 year career with the same company, and write a letter to Warren telling him how bad it is at NetJets and they can't stay any longer while Jordan is in charge. Yes the union picketing got some attention and negative publicity for WB, but he didn't pull the trigger and make a change until the #2 and #3 executives walked out and expressed their frustration with the direction of the company.

Those guys have spent most of their entire careers at NetJets and know how to run it properly. I'm seeing a lot of positive moves by both of them - they met with your union leaders on day 2, while Jordan hadn't met with you for over four years. They've also taken some good steps at repairing the relationships with the vendors and the employees. I'm willing to give them some time to fix it. Jordan had 4 years to screw this place up and you can't put all the pieces back in place overnight.

As I pointed out, I am willing to give Billy and AJ some time to sort things out. Not a lot, but some. They would be better served making some IMMEDIATE, attention-getting changes that wouldn't cost them a nickel but would go a long way toward restoring trust.

I also give Billy and AJ a lot of credit for leaving and for giving Warren some parting shots as they walked out the door.

But if you think for a SECOND that those letters had a greater impact on Warren's decision to broom the Boy Wonder than the pickets, the ads, and the interviews, you are OUT OF YOUR MIND.

As I told G4 and a lot of friends in my fleet, the ONLY way to get rid of our idiot CEO was to PUBLICLY EMBARRASS Warren Buffett and do some damage to the kindly grandpa routine (I wrote that on this board repeatedly over the last several months). We did EXACTLY that and the result was as predicted. To the point that more than a handful of colleagues in my fleet skeptical of the union campaign have said straight up to me "you were right about the pickets." A couple have said "I wish I had been in Omaha with you."

Stockholders, customers, and even the aviation trade media barely blinked when Billy and AJ left. But when 435 people traveled on their own time and dime to carry a sign and walk for 10 hours at Uncle Warren's big party, THAT moved the needle.

 

[Diesel]

I understand the frustration with the management team and philosophy that Jordan put together, in fact I shared it.

But I do think you guys need to give AJ and Bill some credit. It takes balls to walk away from a 20 year career with the same company, and write a letter to Warren telling him how bad it is at NetJets and they can't stay any longer while Jordan is in charge. Yes the union picketing got some attention and negative publicity for WB, but he didn't pull the trigger and make a change until the #2 and #3 executives walked out and expressed their frustration with the direction of the company.

Those guys have spent most of their entire careers at NetJets and know how to run it properly. I'm seeing a lot of positive moves by both of them - they met with your union leaders on day 2, while Jordan hadn't met with you for over four years. They've also taken some good steps at repairing the relationships with the vendors and the employees. I'm willing to give them some time to fix it. Jordan had 4 years to screw this place up and you can't put all the pieces back in place overnight.

So what type of credit does it take to write the first letter and out rts? I think rts went gone was what aj wanted. He just didn't expect Sokol to be the replacement. I think he had hopes it was him. So he wrote another letter.

Sure the gang is all back together but they were there when it was all going wrong too and only left after it was what it was and had other jobs lined up. Or did they?

My leash is 78 days long. I've had to many white knights ride in here to even really care. We shall see if these two are going to be lords of the kingdom or just business as usual.