J32driver
Strokin it...
- Joined
- Jan 14, 2004
- Posts
- 716
rtmcfi said:I have no problem with mgmt going to battle with other companies for business. If my mgmt outfoxes yours, good for them.(and me) If yours outsmarts mine, good for them.(and you). The problem arises when labor (us) provides them with he leverage to outwit their adversaries. If we get better leases, or tax breaks, and turn that into an advantage good for us. If you or I give up pay or QOL to give the advantage to our respective mgmt.......well, a prostitute is a prostitute no matter what street they work on.
Probably one of the best written statements on this board in a long time. BRAVO!
You want to know how much those PSA jobs were worth? I don't remember the exact numbers, but Eastshore Holdings will be awarded stock when USAirways emerges from bankruptcy again. If they cash that stock out for the price it will be issued at, they will make a 100% ROI on the money invested in USAirways.
Please don't quote these numbers, but it seems to me the total investment will be about $225 mil. 125 now, the rest when they emerge. In return, USAirways awards Eastshore 18% of the new stock and 1 board seat. Those numbers were adjusted down a bit when America West joined the party, but they are still going to make ALOT of money.