BlueNose
Well-known member
- Joined
- Jul 7, 2008
- Posts
- 259
Hey it's what was negotiated in the depths of the recession. But at least it's audited by the union quarterly. Would you prefer the alternative, with everything else that goes along with it?
I seem to recall from the communications at the time that the low wages were necessary due to the recession, with the revenue sharing plan being a future compensator as conditions (and hence revenues) would improve with the economy. That at least was a credible argument.
We all know we'll never see a dime of revenue sharing, and that was the intent all along. It's evident that KR and co devised a numbers scheme that would never pay out, no matter how well the economy recovers. The only question remaining, was 1108 fooled, or did they see KR's intent even then, and go along to have something to help sell the contract? I've heard arguments both ways, but will give the benefit of the doubt on this one. A lot of smart people have been snookered by KR over the years (FO's original investors, Raytheon, DAC's present investors come to mind), no harm in admitting if that's what happened. Better to admit it as a cautionary tale, than to defend the program and blame it on the "depths of the recession." That contradicts what was previously said as well as everyone's common sense, don't you think?