NWA hires FLYi EX Management CP, DOM, CI, DOS for Compass

[dbrownie]

Just because I disagree with you doesn't mean I "beat the company drum". Our negotiators delivered this T.A....not the company.

While you and your mgt heros try to ram a substandard contract down
the junior pilots throats this is how they "share" the pain.

Your "yes" vote encourages this behavior.

NWA revealed in a 5-5-05 SEC filing the details of Neal Cohen's (NWA's new Executive Vice President and Chief Financial Officer) compensation package. Details include:

*Annual base salary: $425,000
*Inducement Payment: $200,000
*Five cash retention payments of $100,000 paid annually beginning May 1, 2006
*Guaranteed annual cash incentive payment for 2005 equal to 60% of base salary (subject to requirements of Pilot Bridge Agreement)
*150,000 stock-options (vests in installments over 4 years)
Phantom stock award of 100,000 shares (vesting over 3 years)
*Additional phantom stock award of 75,000 shares (vesting over 5 years)
*Participation in NWA's Long Term Cash Incentive Plan beginning with the 2 year performance period which began January 1, 2005
*Lifetime positive-space airline pass privileges for himself, spouse and eligible dependants (requires remaining with NWA until April 1, 2009)
*Lifetime medical and dental coverage (requires remaining with NWA until April 1, 2009)
*Participation in NWA's Supplemental Executive Retirement Plan (SERP) - this grants Mr. Cohen 2 additional years of pay credit for each pay credit he is entitled to receive under NWA's salaried pension plan. (requires 5 years to be in full effect). Vested benefits under the SERP are payable in a lump-sum cash payment.
*Mr. Cohen's pension account will be credited with $200,000 benefit accrual.

Time to wake up.

Dave B

 

[YourPilotFriend]

While you and your mgt heros try to ram a substandard contract down
the junior pilots throats this is how they "share" the pain.

Your "yes" vote encourages this behavior.

NWA revealed in a 5-5-05 SEC filing the details of Neal Cohen's (NWA's new Executive Vice President and Chief Financial Officer) compensation package. Details include:

*Annual base salary: $425,000
*Inducement Payment: $200,000
*Five cash retention payments of $100,000 paid annually beginning May 1, 2006
*Guaranteed annual cash incentive payment for 2005 equal to 60% of base salary (subject to requirements of Pilot Bridge Agreement)
*150,000 stock-options (vests in installments over 4 years)
Phantom stock award of 100,000 shares (vesting over 3 years)
*Additional phantom stock award of 75,000 shares (vesting over 5 years)
*Participation in NWA's Long Term Cash Incentive Plan beginning with the 2 year performance period which began January 1, 2005
*Lifetime positive-space airline pass privileges for himself, spouse and eligible dependants (requires remaining with NWA until April 1, 2009)
*Lifetime medical and dental coverage (requires remaining with NWA until April 1, 2009)
*Participation in NWA's Supplemental Executive Retirement Plan (SERP) - this grants Mr. Cohen 2 additional years of pay credit for each pay credit he is entitled to receive under NWA's salaried pension plan. (requires 5 years to be in full effect). Vested benefits under the SERP are payable in a lump-sum cash payment.
*Mr. Cohen's pension account will be credited with $200,000 benefit accrual.

Time to wake up.

Dave B

He negotiated this out of the company, and we negotiate what we can out of the company, that's business. I'm sure he wanted more, but thats all they could give him.

 

[dbrownie]

He negotiated this out of the company, and we negotiate what we can out of the company, that's business. I'm sure he wanted more, but thats all they could give him.

My point exactly,

We can negotiate a better deal. The Dtw rep had some good ideas,

Post-Rejection Objectives


Obtain Credit for the $170M/Year in Revenue-Enhancing Concessions

Credit for SJet Operation and Other Non-Credited Concessions

• Obtain a Clearly DEFINED Credit for NWA Benefit Derived from DBP Freeze

• Eliminate and/or Improve the Most Objectionable Sections of Rejected TA

o Scope
�� Improve Larger SJ (77−110-seat) to Smaller SJ (51−76-seat) Ratio
�� Establish an Effective Mainline Floor to Prevent Erosion of Flying
�� Transfer Pilot Longevity Credit with Flow Up/Flow Down to SJet

o Pay
�� Improve Scheduled Raises for Inflation and Industry Rates
• Estimated Cost is $5M/Year per 1 Percent Increase
�� No Pay Penalty for Any Justified Short-Term Sick Call

o Work Rules
�� Eliminate the Most Objectionable Changes in Work Rules
• DH at 50 Percent Pay
• Actual vs. Schedule Pay for Trip
• THC at 1:3.75
• No Domestic Downtown Requirement for Hotels
• Limited Domestic Requirement for Crew Meals

o Benefits
�� Improve Contribution to Follow-On Defined Contribution Plan
• Estimated Cost Is $5M/Year per 1 Percent Increase

o No/Low Cost Quids for Employee Sacrifices in Chapter 11
�� No Fee for Employee and Family, Low Fee Companion Passes
�� Companion Passes Without Employee Travel Restriction
�� Credit for Employee Parking if Parking at Base Is Not Used

or I guess we could just go along with the "cool aide" crowd and not ask for
more....

Dave B

 

[YourPilotFriend]

Yes, I agree that there is some over reaching in this TA, however learning from the mechanics, the next round of negotiations will go much worse. Furthermore, those proposed changes do not stop the creation of compass, which seems to be what everyone is complaining about.

 

[Occam's Razor]

Dave, No question that is what he'd like to negotiate. I understand NWA might send in some negotiators too? That is, of course, if they choose to negotiate at all. There's still that tricky part of making them show up after Gropper gives them freedom to impose terms and conditions.

Hey! Maybe we can point to the 92% strike ballot and threaten them with M.A.D. But wait! Is there a chance NWA will view the T/A results as a referendum on the willingness to strike?

Think it'll be 92% against the T/A? 60%? 51%?

(Don't answer that...just think about it)

The laundry list is certainly impressive, and I support achieving every single one of them...and more! Trouble is, you can't negotiate if the other side doesn't show up. If Gropper tells them they don't have to, what makes you think they will?

And it ain't "cool-aid"...it's "anti-delusional elixir". I buy it in the Reality Section of my grocery store. You should try it.

 

[320AV8R]

While you and your mgt heros try to ram a substandard contract down the junior pilots throats this is how they "share" the pain.

Dave-

Everybody gets a vote, no one is shoving anything anywhere. The majority will decide the outcome.

Your "yes" vote encourages this behavior.

What behavior ? That the EMT cut Uncle Neal in on another amoral imbalanced corporate greed deal ? Dasburg, Forret, Steenland, etc... have fed at this trough. Ever heard of ENRON ? Pilot behavior has nothing to do with the Greedy EMT Good 'Ol Boy's club.

 

[dbrownie]

Dave, No question that is what he'd like to negotiate. I understand NWA might send in some negotiators too? That is, of course, if they choose to negotiate at all. There's still that tricky part of making them show up after Gropper gives them freedom to impose terms and conditions.

Hey! Maybe we can point to the 92% strike ballot and threaten them with M.A.D. But wait! Is there a chance NWA will view the T/A results as a referendum on the willingness to strike?

Think it'll be 92% against the T/A? 60%? 51%?

(Don't answer that...just think about it)

The laundry list is certainly impressive, and I support achieving every single one of them...and more! Trouble is, you can't negotiate if the other side doesn't show up. If Gropper tells them they don't have to, what makes you think they will?

And it ain't "cool-aid"...it's "anti-delusional elixir". I buy it in the Reality Section of my grocery store. You should try it.

We have recieved little or no credit for much of the stuff we
have given up, that is the reality. Your crowd in your willingness to bend
over for this mgt team have just emboldend them to ask for more.

When do you say ENOUGH!??

At some point in your life you need to stand up for something. For me that time is now. This may be the end of my career at NWA. I understand that.

Go ahead and make fun of me or explain how "smart" you are. To me people
like you and your crowd are exactly what is wrong with NWA alpa.

We rolled over with out a wimper and you think it's ok.

Wake up.

Dave B

 

[dbrownie]

Here is a great quote;


"In conclusion, I think it is worth the calculated risks to reject this TA and improve the terms for our more junior pilots. If we make the easy decision to do what is only in OUR INDIVIDUAL best interests, the more senior pilots will have turned our backs on their fellow pilots."

and here is another great quote;


"The MEC was repeatedly told that the “path to a deal” was through the SJ / RJ SCOPE issue. The thinking went that, if we could settle the RJ / SJ / NSTAR / NEWCO issue that we would get a significant credit or value towards management’s ask of $358M ($608M overall). This would subsequently allow us to limit the concessions in the rest of our contract. We ceded a large portion of our SJ / RJ SCOPE, but unfortunately management was unwilling to give us credit for it."


When this passes (which I am sure it will) The blue book pilots will have been sold out by their own union and even some of the bluebook pilots.

Truely a sad day for nwa alpa....


Dave B

 

[Diesel-9]

I think Judge Gropper said their was no value to scope. The creditors pretty much will set the length of the deal. The fact that Judge Gropper allowed the company to spend the $2 million for the FYi certificate before the T/A vote gives you a little insight to his thinking/priority and responsibility to the creditors and the company. As emotional as this all is and will be in the next few weeks, CH-11 negotiations are a far cry from normal section 6 talks. A couple people I have talked with who are familiar with contract negotiations/CH-11 think we did well getting what we did with the T/A. Particularly the work rules in comparison. Ultimately the vote will be close to what people have vested in the D.B. Probably pass 60+ to 40-. Chances are that the items that might be lost in voting down the T/A will be a far greater sum than trying to get a few minor things added back (if judge even allows it) that could be agreed to in LOA's down the road. Don't think many of the voters think that is a worthwhile risk at this point. Company has already approached the pilots on a couple issues. One being premium pay in which the pilot union said no after not getting anything for it.

 

[Rez O. Lewshun]

I have read the TA and No I have not been to a road/sales show.


Dave B

Dave,

The fact that you have not been to a road show negates what you have to say. As a voting member you have a responsbility and obligation to become as informed as possible. A vote with misinformation and a lack of understanding is worse than abstaining. Democracy has responsibilities. MEMRAT is a good thing....don't justify MECRAT.

You go to ground school to help you understand how to fly a jet. You go to Road Shows to help you understand TA's.

It is possbile that you don't want to attend a roadshow? Too factual? I am asking..not accusing...

Regards....

 

[Rez O. Lewshun]

When this passes (which I am sure it will) The blue book pilots will have been sold out by their own union and even some of the bluebook pilots.

Truely a sad day for nwa alpa....


Dave B

Dave, don't try and throw ALPA under the bus because it is not all things to all pilots all the time. No one person or organization is....

If the bluebook guys are to get screwed, I am not justifying that nor is it true because you said it, but your tact is noted....

 

[dbrownie]

Dave,

The fact that you have not been to a road show negates what you have to say. As a voting member you have a responsbility and obligation to become as informed as possible. A vote with misinformation and a lack of understanding is worse than abstaining. Democracy has responsibilities. MEMRAT is a good thing....don't justify MECRAT.

You go to ground school to help you understand how to fly a jet. You go to Road Shows to help you understand TA's.

It is possbile that you don't want to attend a roadshow? Too factual? I am asking..not accusing...

Regards....

Rez;

The road show is a powerpoint presentation of the T/A that I have
read. I understand the T/A.

(Our groundschools are now distance based learning at home by the way)

The road shows are a "sales" tool. I have read the bullet points, the
accross the table publications, the MEC prespectives, the alpa emails
and the complete T/A.

My NO vote is the right thing to do for my company, my union and
for me.

We can do better.

Dave B

 

[Occam's Razor]

Here is a great quote;


"In conclusion, I think it is worth the calculated risks to reject this TA and improve the terms for our more junior pilots. If we make the easy decision to do what is only in OUR INDIVIDUAL best interests, the more senior pilots will have turned our backs on their fellow pilots."

and here is another great quote;


"The MEC was repeatedly told that the “path to a deal” was through the SJ / RJ SCOPE issue. The thinking went that, if we could settle the RJ / SJ / NSTAR / NEWCO issue that we would get a significant credit or value towards management’s ask of $358M ($608M overall). This would subsequently allow us to limit the concessions in the rest of our contract. We ceded a large portion of our SJ / RJ SCOPE, but unfortunately management was unwilling to give us credit for it."


When this passes (which I am sure it will) The blue book pilots will have been sold out by their own union and even some of the bluebook pilots.

Truely a sad day for nwa alpa....


Dave B

Sweet Mercy, Man!

You're starting to sound like a crybaby.

The information is out there. If you choose "yes"...cool. If you choose "no"...that's cool too. Your vote counts the same as mine, and we all get one.

Quit trying to make this a Holy Crusade. It's a vote on a contract. It's not as important as your family, your health, or your ability to get along with others.

Cast your vote. Live with the results.

 

[dbrownie]

Sweet Mercy, Man!

You're starting to sound like a crybaby.

The information is out there. If you choose "yes"...cool. If you choose "no"...that's cool too. Your vote counts the same as mine, and we all get one.

Quit trying to make this a Holy Crusade. It's a vote on a contract. It's not as important as your family, your health, or your ability to get along with others.

Cast your vote. Live with the results.

"Yea what the heck I'll be a captain either way"
"Screw you junior pukes"

Nice attitude..

At least when this is over I'll be able to look my self in the mirror and
know I did the right thing.

Sorry if my opinion doesn't fit in with your plan. Don't worry though
Doug is looking out for you.


Dave B

 

[320AV8R]

"Yea what the heck I'll be a captain either way"
"Screw you junior pukes"

Dave- the only reason he is a CA is because he got hired before you. I'm sure he could bid WB F/O if he wanted. I don't think he's trying to "screw" the guys below him.

Nice attitude..

?????

At least when this is over I'll be able to look my self in the mirror and know I did the right thing.

That's all that is important, irregardless of how you vote.

Sorry if my opinion doesn't fit in with your plan. Don't worry though Doug is looking out for you.

I think Scrotom, errrrr... Occum is advocating that you vote whatever way suits you.

And please.... Doug only looks out for Doug. Do you think our position is more secure from Doug's prying hands with an established contract, or with his ability to impose terms & conditions ?

320AV8R

 

[Occam's Razor]

"Yea what the heck I'll be a captain either way"
"Screw you junior pukes"

Yeah, that's it. It's all about me.

(sigh)

Just for yuks...how is YOUR attitude any different?

Despite my deeply-held belief that I"m a captain because of my superior aviation skills, my studly good looks, and my impeccable charm...I think it's mostly because I was born before you and got hired before you.

If you need to blame someone, blame your folks for not screwing sooner. (It's a much more logical argument than, "Waaaaah!")

At least when this is over I'll be able to look my self in the mirror and know I did the right thing.

Ha! Fat chance.

You'll either be elated that you were in the majority for once, or upset yet again that you weren't. Regardless of the outcome, the Earth will continue to spin on it's axis and we will still have work to do. We may even fly together at some point. I think you'd enjoy that. I'm pretty entertaining.

Sorry if my opinion doesn't fit in with your plan.

Stop that!

You're not paying attention. I don't give a rat's hiney how you vote! Let your conscience guide your vote, and I'll do the same.

Deal?

 

[dbrownie]

You'll either be elated that you were in the majority for once, or upset yet again that you weren't.

Ah yes, that is what really matters that I will be in the majority for once!

If only I could carry the company water like a "real" pilot.

Maybe when they come back for more you can lead the charge

for bigger paycuts! Don't worry though you'll still have YOUR job.




Felt great to vote no today!

Dave B

 

[captain dad]

Nice to see some things at NWA never change.

 

[Rez O. Lewshun]

Looks the the VOTE NO flightbag stickers are in full force....

When do the polls close?

 

[Occam's Razor]

When do the polls close?

May 3rd at 0900 CDT.