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Northern Flash

Northern Flash

Today's Democrats are similar to Commies.
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Instead of us giving them wage concessions, why don't they give us company stock instead? Lets use a round figure of $200.00 per week, per employee, that they need. If we just "give back" the $200.00 per week it, is gone. POOF! If they basically "force" us to buy $200.00 worth of company stock, through payroll deduction each week, at least we have a chance of getting our money back if/when the company regains profitability. This would put millions of dollars back into the company, which they desperately need to keep operating. It also would become more personal to all of us employees....we would become more efficient as workers, and maybe give people a little more "spring in their step" based on the fact they they now are part owner of their company. This option would at the very least, give the company money to operate with, give the employees more incentive to help the company succeed, and possibly even give us a chance to regain the $200.00 per week if/when the stock price rises. Once/if the company regains profitability, they could have a set stock price that would trigger "the option" of you selling your stock back to the company. I think that showing this type of solidarity, between the Company and the Teamsters, would not only be good for showing unity, working toward a common goal, but would also be great for the American public to see. Which could stimulate a stock buying binge.

Just Food for thought!
Not trying to steal your thought VWAGGS, just adding to it.
What do you guys/gals think?
 
ill pass. id rather own a broken stick at this point. if i would be "forced" as you put it to buy the stock. i would call my broker every friday to sell it. throwing good money after bad will not solve the problems at yrc. for example the govt just threw 400 Billion at Citibank. the stock was up about 3 points. Makes you wonder how much money it would take to get back in the 40 dollar a share range doesnt????
 
My thought is based on the fact that the pay concession will probably be voted yes. If it is voted yes, we all will lose the example of $200.00 per week, for sure. If we get "forced" to buy $200.00 worth of stock, at least there is a chance of getting back, right? I look at this $200.00 as "casino money"..... if you are going to lose it anyway (with a yes vote) you might just as well take the $200.00 to a casino, at least there is a chance of winning it back. Selling your stock each week would not be an option, just like you getting your 15% pay reduction back, is not an option.
 
i understand where you are coming from northern. I admire your optimism. that being said i will be voting no. however yrc and/or the IBT structure the giveback it will be good money chasing bad. Bill has been telling us the truth all along if you think about it. its the economy. yrc after the give back will still have too much debt and too much capacity. Bill tried to "buy" a trucking empire. Now he is buying freight. I have seen freight bills that are so low it doesnt even cover me driving from the terminal and fuel costs to turn a profit let alone shuffle the freight through the system. All empires come to an end eventually just as all businesses eventually go bankrupt. the reality of business is that debt levels stay the same while asset prices drop in the recession(depression) we are currently in. a giveback will not make consumers suddenly start shoping again and give us more freight to haul.
 
The question really comes down to all of us when it comes time to vote on this how many will chicken out like they did on the contract and how many will actually vote no and make a stand one way or another.

We hear a lot of boasting not only on the Boards but on the street and at the terminals , but come crunch time will this pass by that mysterious 64% again?
 
forestgump said:
a giveback will not make consumers suddenly start shoping again and give us more freight to haul.
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You're right. But a giveback will keep the doors open longer which is BEST for every teamster and every teamster collecting a pension. It's not just about you. And for those reasons I will be voting YES. I will not contribute to shutting the doors early and sending 40,000+ teamsters to the unemployment line. Especially since I have an opportunity to try and give us a chance.
 
Toby said:
The question really comes down to all of us when it comes time to vote on this how many will chicken out like they did on the contract and how many will actually vote no and make a stand one way or another.

We hear a lot of boasting not only on the Boards but on the street and at the terminals , but come crunch time will this pass by that mysterious 67% again?
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True. I am sure that it will pass. So we are guaranteed a 15% pay reduction with basically no chance of recovering it. If the reduction is a guaranteed 15% loss, I would like to take my chances with a stock option, using that same 15% to buy stock. At least it has a chance of getting us our money back if the company recovers. Maybe that "chance" is the same chance that a snowball has in He..(ck):furious:
 
I will be voting YES. I will not contribute to shutting the doors early and sending 40,000+ teamsters to the unemployment line. Especially since I have an opportunity to try and give us a chance.
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We listened to this same line at L705 with the contract, that was supposedly why the international steeped in, it's the same line we always get whenever anyone in the the membership wants to take a stand.

Tell you what no one wants to lose there jobs and we all don't want the doors to close but this line is repeatedly used , and nothing of benefit ever comes from it.
some might know this and some might not L705 contract is still up in the air the vote count is on the 29th and two to one it will pass , in the end we took a stand and still had to settle for something we did not want if it goes through , but we did take a stand and you know what the line that was given to us was why this POS contract must go through?

" L705 will not contribute to shutting the doors early and sending 40,000+ teamsters to the unemployment line"

now we all gave this company what they wanted with the NMFA but that was still not good enough now they want you and I to go back to pre 1998 pay , I dont know about you but the bills have not gone down nor the cost of anything.
 
no notes are due til 2010..

I was under the understanding by all that has been put out there by YRCW....they are ok until 2010....I mean the real reason they need this give back is for day to day operations because no banks are lending money.....It is common knowledge...tv newspapers...etc. I think things will turn around but the Wall Street guys are enjoying their last hoorahs before the new president puts the clamps on the lack of regulations that has forced us into this depression.
I get a kick out of the rightwingers all saying free market, free market, no regulations , no rules...but when they steal or mess up they run to the government to fix their mistakes........isn't this a fine mess they have weaved:TR10driving03:
 
I agree with Northern Flash. At least if we are buying the stock and if the company tanks we can write off the bad stocks that we bought on our taxes. If we just take the give-back , we are just throwing that money away if this doesn't work. You cannot claim a loss on that debt. I know people that went through this with B MAC TRUCKING and lost $20,000 at a 10 % give-back and could not claim any of it.
 
I think everyone that reads this should copy and fax this idea to all the locals to give them at least another direction to go into. Instead of just thinking about giving them a cut. Lets make sure the locals and nationals know we are watching and trying to contribute.
 
bobhere said:
I think everyone that reads this should copy and fax this idea to all the locals to give them at least another direction to go into. Instead of just thinking about giving them a cut. Lets make sure the locals and nationals know we are watching and trying to contribute.
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The two man meetiings are already scheduled. The negotiations were supposed to be wraped up yesterday. Think our input was neither asked for or wanted. The collective knows whats best for you and will be looking out for you interests. :nutkick: The robo-calls will now commence. :hide: And no I have not made up my mind yet.
 
Stock Options (forced)

I totally agree with you Northern Flash. I would much rather consider this a risky loan than a outright giveback with no chance of ever recovering any of our losses. It might make Mgt. and labor think twice before they go back to business as usual. If we all have a vested interest in the success of this company we will be more likely to right the wrongs and do the right things for our company. I personally cant see how we can lose anything more than we could on a outright give back. I would encourage everyone with ideas to call the IBT Freight Division Hotline at 202-624-6800 and voice your opinion. I have been told they listen to the membership more than if the locals called. Lets hang in there and make the best of this.
 
I don't know anymore than anyone else but I understand the negotiating part is/will be done by the time we get a chance for any input. Therefore your only choice will be to vote no then hope they ask us why. :shrug:
 
i dont mind giving back as long as zollars give back first and if he doesnt you know we are going down the tubes. he makes 13.4 million a year.
 
Northern Flash said:
Instead of us giving them wage concessions, why don't they give us company stock instead? Lets use a round figure of $200.00 per week, per employee, that they need. If we just "give back" the $200.00 per week it, is gone. POOF! If they basically "force" us to buy $200.00 worth of company stock, through payroll deduction each week, at least we have a chance of getting our money back if/when the company regains profitability. This would put millions of dollars back into the company, which they desperately need to keep operating. It also would become more personal to all of us employees....we would become more efficient as workers, and maybe give people a little more "spring in their step" based on the fact they they now are part owner of their company. This option would at the very least, give the company money to operate with, give the employees more incentive to help the company succeed, and possibly even give us a chance to regain the $200.00 per week if/when the stock price rises. Once/if the company regains profitability, they could have a set stock price that would trigger "the option" of you selling your stock back to the company. I think that showing this type of solidarity, between the Company and the Teamsters, would not only be good for showing unity, working toward a common goal, but would also be great for the American public to see. Which could stimulate a stock buying binge.

Just Food for thought!
Not trying to steal your thought VWAGGS, just adding to it.
What do you guys/gals think?
Click to expand...

I`ll take the stock, its better than just giving back!!:1036316054:
 
mustangfan said:
I was under the understanding by all that has been put out there by YRCW....they are ok until 2010....I mean the real reason they need this give back is for day to day operations because no banks are lending money.....It is common knowledge...tv newspapers...etc. I think things will turn around but the Wall Street guys are enjoying their last hoorahs before the new president puts the clamps on the lack of regulations that has forced us into this depression.
I get a kick out of the rightwingers all saying free market, free market, no regulations , no rules...but when they steal or mess up they run to the government to fix their mistakes........isn't this a fine mess they have weaved:TR10driving03:
Click to expand...

We were all under the illusion generated from dollars that all bills were neutralized until 2010.
Seems he lied again,HOWEVER....If you do your homework you will find that the primary reason for this new problem is a note that comes due in march for the purchase of the shang hai company in China that is non union and was purchased by Dollars for future endeavers in a market that will be impossible to get in on later. Not really sure just what to think of that but it is the current problem with the banks refusing credit.
Really liked the rest of your post though...good points!
 
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