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I thought yrc still needs to find a refinancing loan by this Friday for the deal to go through. The financing that was in place was based on plan A not plan B.
 
With all the time constraints that their under, I'm quite sure they've been proactive with getting all their ducks in a row. I understand this c f o Jamie Pearson is supposed to be some kind of a sharp dude in the finance world. :shrug:
Well I hope I heard correctly?
 
it shouldnt take that long for board of director wilson appointed by hoffa to sign his name to the deal and award his own company for doing the job .im pretty sure the paper work is dont .he gets $5.800,000 for getting it done and his company will make $15000000. thats a lot of zeros for a swish of the pen
 
paper work is done he makes the call , his company doing the deed . he got payed a bonus to let his own company earn the 15 million finance fee . how hard could that part be .
i dont understand why there is not more outrage about it .
but i guess the yes guys dont mind being swindled . wth a few million here or there amounst freinds
 
I may have misunderstood, but aren't we refinancing the entire $1.4 billion? That fee is .015% of $1.4 billion. I would think that falls well within the bounds of "fair and reasonable" for brokering a plan.
 
I may have misunderstood, but aren't we refinancing the entire $1.4 billion? That fee is .015% of $1.4 billion. I would think that falls well within the bounds of "fair and reasonable" for brokering a plan.
It sounds like an exorbitant amount of money to me. No matter how much you're refinancing.
 
Well @ this point Majority vote yes rules and therank & file part in this mess has been acomplished as per tthe IBT & YRC's negotiated extention of the concessions. It's up to the banks, yrc & the appointed IBT officials to hammer out the loan agreement. We city,road,clerrical,mechanics who does the manual labor can now focus on improving our production and focus on making this company profitable again...............no need to stress over something that's not in your control.......Exhale my brothers/sisterrs and chill out.......basically its time to wait and see if this Company has learned anything and do the right thing asthey said. Teamsters are only expecting them to keep their word.....!
 
well by all means you are the high finance guru here . what do we all know . i just call bs when i see it .
I dont see it as much less than insider trading
he should be embarrassed to take a bonus for doing the job he was payed for in the 1st place . better yet i think he should probably be locked up for it
 
Well @ this point Majority vote yes rules and therank & file part in this mess has been acomplished as per tthe IBT & YRC's negotiated extention of the concessions. It's up to the banks, yrc & the appointed IBT officials to hammer out the loan agreement. We city,road,clerrical,mechanics who does the manual labor can now focus on improving our production and focus on making this company profitable again...............no need to stress over something that's not in your control.......Exhale my brothers/sisterrs and chill out.......basically its time to wait and see if this Company has learned anything and do the right thing asthey said. Teamsters are only expecting them to keep their word.....!

really ? whats the chances of that . their word is only as good as the paper its printed on . speaking of that a written contract doesnt seem to mean much to them either
 
well by all means you are the high finance guru here . what do we all know . i just call bs when i see it .
I dont see it as much less than insider trading
he should be embarrassed to take a bonus for doing the job he was payed for in the 1st place . better yet i think he should probably be locked up for it

Come on. There's a big difference between accepting the fact that the fee is usual. Being happy about it is something else entirely. My sister is a commercial banker. No matter who brokers the deal that fee of $20,000,000 is what it will cost YRCW.
 
paper work is done he makes the call , his company doing the deed . he got payed a bonus to let his own company earn the 15 million finance fee . how hard could that part be .
i dont understand why there is not more outrage about it .
but i guess the yes guys dont mind being swindled . wth a few million here or there amounst freinds
If what he did was necessary to maintain a company with at least 22000 teamster jobs then I think Hoffa maybe did the right thing.

He probably could've hired one of these guys off of tb for cheap but if they really knew what goes on with that stuff they wouldn't be driving trucks.
 
really ? whats the chances of that . their word is only as good as the paper its printed on . speaking of that a written contract doesnt seem to mean much to them either

Sarcastically speaking @ all of that bs....except for the chill out my brothers & sisters and don't continue to stress over s%#t not in your control.......!.....Sorry if that sounded a lil 2 sincere..!haha
 
Sarcastically speaking @ all of that bs....except for the chill out my brothers & sisters and don't continue to stress over s%#t not in your control.......!.....Sorry if that sounded a lil 2 sincere..!haha

Are ya sayin , it is above their pay grade?:woohoo1:
 
well by all means you are the high finance guru here . what do we all know . i just call bs when i see it .
I dont see it as much less than insider trading
he should be embarrassed to take a bonus for doing the job he was payed for in the 1st place . better yet i think he should probably be locked up for it
My TM told me that he wasn't getting a "bonus"" but his company would get a feeif they got yrc the refinancing . And that fee would have been paid only if they get the refinancing.

I guess he heard rumblings about him and this was a company response to it. Take it for what its worth from the company. He even said Steve Gast New Penn's top guy would be willing to talk to me about it so it was a concern. I said I trust the IBT put him there for our own good but some are paranoid no matter what but wasn't a concern of mine. I told him a guy it was a concern to and told the guy to call the TM about it. I know the guy would have loved to talk to them about it or I wouldn't have told them. The guy loves TDU stuff where the hubub came from.
 
I thought yrc still needs to find a refinancing loan by this Friday for the deal to go through. The financing that was in place was based on plan A not plan B.

yes , they Damm well better have a bank deal by this wk-end , as they got the YES vote , & made threats of closing Sat Feb 1st with a no vote so you better have a bank deal by Sat to back up your threats ???
 
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