Lear70
JAFFO
- Joined
- Oct 17, 2003
- Posts
- 7,487
That thought has occurred to me... I don't see a legal barrier towards GK offering something towards the end of mediation to keep it from going to arbitration if it's looking like a deal can't be reached. Also, after an arbitrated award is handed down, if he wanted to help mollify one side or another from any perceived shortcoming, he could legally do something then as well.SW management can do whatever they want with this deal, if it gets ugly I could definitely see them stepping in to sweeten the pot to make things go more smoothly.
The only problem is, how do you ascertain who gets anything and how much? You can't just buy off SOME of your pilots, and if it's ALL your pilots, what do you use to buy them off?
Let's say just for argument's sake that it's something as measly as 1,000 shares of common stock (it spiked to $14 after the deal was announced but has been burbling around $12 a share for the better part of a year or more). That's $12,000 per pilot. Times 6,000 pilots is $72,000,000.
I don't think GK is going to authorize a $72M lump-sum buy-off and I don't think your pilots would bite off on something that equates to less than one year's yearly bonus payment for F/O's, half or 1/3 of that for CA's. I'm not seeing a way to "sweeten the deal" by "buying" the cooperation of SWA pilots.
As for using a Scope release for code-share, I'm not sure how that can be construed as "sweetening the deal" for SWA pilots, can you explain that?
As far as the "pulling a Muse" idea, we've been over that, and it's just not worth the angst responding to something that I'm not worried about and that will only cause more arguments... it's not getting solved here.
I understand the worries and fears of the SWA pilots; you just have to have a little faith that it will all work out.