give the Comair folks pass privledges on Delta
like they did ASA, the lowly seniority and retirees
better forget about what the company promised them (pass
benefits)...Maybe the ALPA can straighten this out in the C2K
negotiations---I'm looking for the fight..and you non-union folks
don't have a chance--(this from experience--not union
organizing)....unless the ALPA wins out..
All of us here at Delta are glad that Allen is
gone. No one here has any hard feelings about him being
When you hear employees talk about 7.5 most use the
term in the sense that "Employees are
That was the way that we felt during that turbulent
And it is still in place today.
Delta is still
contracting out shops and departments. The TOC is slowly
losing a/c parts to outside vendors.
We have less
mechanics per airplane right now than ever. More and more
of our jobs go to temps.
All the while Delta has
a very healthy profit margin, and is making
billions every year. Oh yeah, and our management is
getting very heafty salaries. Not to mention the bonus.
All this while Delta keeps cutting away at the
workforce to increase the bottom line.
And Mgmt as
well as outsiders wonder why there is a threat of a
union at Delta. Well, it is staring them right in the
"Granted, removing a sandwich from the Sky Deli
bag is not a new coke, but lets hope it has ame
Uh, maybe you haven't checked, but the decision has
been made to REINSTATE the sandwich. Of course, when
it went away it was called a value
"improvement"...it's return was trumpeted as as the same. I guess the
new bag is TWICE as nice!
As far as your LUV
comparison, thanks for VALIDATING my message. LUV is the
first to admit it's employees are the #1 asset to the
company...the single biggest ingredient that makes SWA cook.
Herb made just over 500K last year. Leo's total take
was at 19 million. Herb is obviously committed to his
company. Let's hope our new Chairman is as
The street respects LUV because they get results and
have a great business model. Our financial stats are
the envy of any hub and spoke carrier. You tell me
why our valuation trails...I'm too busy wiping away
the tears (not).
7.5 was a foolish reaction and that is why the
former CEO is gone. As a shreholder, I would have
prefered that they had just fired him and sent him away.
However, the reality of the situation with as is with all
CEOs is that the company has to buy them off. Yes,
what Ron Allen got may seem excessive, but it is a
small price to pay in the grand scheme. Have you spent
any tine investagting what other ousted CEOs have
received? Take a look and you will see that Ron Allen did
not get such a great deal.
As for your wonderful
examples of bad ideas...can you say New Coke? Hasn't Coke
added several hundered billion in market cap since that
disater. Granted removing a sandwich from the Sky Deli bag
is not a new coke but lets hope is has the same
Maybe someday if DAL management gets same
respect as LUV's does from the street, DAL can also trade
at a PE of 18.
Your statement is so foul that I can smell it
emanating from my i-mac.
You state that "all real
companies go through internal reviews of what they should
and should not be doing". 7.5 was a foolish reaction
to an even MORE foolish idea: paying 3X the book
value for Pan Am (a move approved by our Board of
Directors, BTW) amidst the laughter of the other CEO's. The
internal review should have been the dismissal of Ron
Allen then and there...not firing the innocent
employees upon who's backs the company had been
Lets look at some more "internal reviews" of
I quote Mr Allen's severance package from the
Annual Report (how appropriate on this the day of the
Shareholders Meeting in BOS!):
-lump sum severance of
over $4.5 M
-$85,515 in lieu of medical/dental
-annual retirement of 765K/YEAR
-25K/year as an
-500K/year for SEVEN years to
Consult the company? It gets better. Language to this
effect sates that he "shall NOT be called upon to devote
a major portion of his business time to the
performance of services as consultant to the corporation and
will do so only with least amount of inconvenience to
-Office space ($408,776), secretarial
support, country club membership (fix that slice, Ron),
and dues to the Commerce Club of Atlanta....ALL FOR
10 YEARS AFTER HIS RESIGNATION!!
here...I fly one jet at any given time. If I am causal to
an incident I (deservedly so) most likely lose my
job. Our fearless leader almost flew the WHOLE COMPANY
smack-dab into Stone Mountain and he gets rich in the
process. Nice Internal Review, eh?
You say "well
that was then, what about now?"
- $2 if you don't
book on the internet....OOPS! Bad idea
- Pull the
sandwich from the Sky Deli...OOPS! Bad idea
- And the
icing on the cake. Warren Jenson leaves Delta after 16
long months. The value of his salary and severance
package comes to just over 320K per MONTH!!
point of this diatribe is that YES, our company has an
obligation to the shareholder. Making smart business
decisions confirms the obligation. Commitment to this
company and it's employees by it's management confirms
this obligation. 7.5 only took place on the playing
field where the workers had to fight it out for
pennies. Now Ron watches from on high (no 13 fairway, no
doubt) and laughs with glee! Now Warren ".coms" with
Amazon enjoying the fruits of his pre-packed golden
Fact: Delta employees produce more $/person than any
Fact: Our profit margin (12.8%)
is higher by far any other
"management needs to do something"
Yes they do...I
believe the old saying "physician, heal thyself" fits the
What makes you think DAL is or should be any
different than every other company. All real companies go
through internal reviews of what they should and should
not be doing. As a shareholder, I am thrilled that
DAL is finally doing this. Yes it is tragic that
someone may lose their job but DAL does not have an
obligation to employ anyone the obligation is to the
shareholders (me and you). And since the PE is a miserable
6.5X earnings management needs to do something.
and if you know anything about that AMR flow
through, then you know it is a non-starter. Ask any Eagle
guy. And our MEC has said that there have already been
informal discussions. We are trying to gage just what our
pilots would like to see. And trying to manage
expectations at the same time.
In October 1998, the leadership of the Delta MEC
met with the ASA MEC, the Comair MEC, and the
Business Express MEC at the ALPA National Board of
Directors meeting in Miami. Each of the Delta Connection
Carrier MEC's were asked by a member of the Delta MEC, if
they wanted the Delta MEC to pursue any type of
"flow-through" or preferential hiring for their pilots, similar
to what was negotiated at AMR. The Delta MEC was
told "NO" by the Comair MEC, and received a very cool
response by the ASA MEC. Only the BusEx MEC said
Since the purchase of ASA by Delta
management, the ASA MEC has NOT requested any formal or
informal discussions of possible seniority integration
onto the DAL seniority list, or a preferrential
hiring, etc. The Delta MEC cannot read the minds of the
ASA pilots. Only if they, through their union
leadership, ask for a dialogue to begin, can we consider
their desires. The Comair pilots, through their
leadership, have told us they have NO desire for any type of
discussions. That might have changed as a result of the Comair
purchase, but until they change their minds, that is their
most "current" position.
The Delta pilots value
the experience and professionalism of ALL our fellow
pilots. For you to cast innuendo and aspersions is
absolutely counter-productive. Get the facts first.
Delta MEC will be hosting the ASA MEC in November at
the Delta MEC's regularly scheduled MEC meeting in
Ft. Worth. I imagine this will begin the dialogue
whereby the wishes of the ASA pilots will be conveyed by
their union leadership. Any possible "merged seniority
list" discussions would use the ALPA merger policy as
the framework for those discussions.
I do agree
with one thing you said: "A professional pilot will
always be a professional pilot." I personally welcome
all professionals at Delta!
I hate to break it to you, but that is just a
part of how this airline works. Nobody gets anywhere
in this place without connections, politely referred
to as mentors. I have worked for the big "D" for
almost ten years know, and it has always been that
Maybe one day somebody will put a case together and sue
Hmmmm sounds like we are changing the Company
stock we are looking into... But I agree... Rodeo is
much better if it is made anywhere like my Trooper...
I got a 1990... and I have over 208,000 miles on
it... still running ... kinda ticked though... this
weekend I had to finally put in a $60.00 starter...