I'm not understanding you... It's like you want to be happy but when you feel happiness coming up you shoot yourself in the foot so it doesn't take hold!?!?!?!?!?
The 3.4 billion DIDN'T ever exist.... it didn't "go somewhere" -
The truth of the matter is (as I see it, IMHO) you don't want to know where it is... you just want to be upset about it. WHY??? You can figure out what 'happened' to it if you follow the financials....
YRCW has revenues of 5 BILLION a year.... and they are LOSING 50 MILLION a year... That means they bring in (revenues) 5 BILLION and the spend (expenses, including but not limited to , wages, Health Care, Pension, fuel, repairs, rent, etc...) 5BILLION 50 MILLION.... you want to know where the 3.4 BILLION is? It's in the gap of 9BILLION in Revenues from 2007 to 5 BILLION in revenues in 2013... That's where it is.
As for the VOTE... really - here is where the 'flip' came from...
1. As albag stated... the wage freeze for some was not acceptable to many and worth a NO vote - when that was changed that alone was enough to change some votes.
2. The UNION taking a "hands - off stance" before and thru the first vote - Many were unable to vote on something they were not being told was the 'right thing' by their 'representatives'... (lack of ability to think for one's self) - now they had the UNION telling them this was the course they should take.
3. Misinformation that was set 'right' by facts when the right questions were asked. - some had legitimate questions... like if we can cut 300 MILLION off the debt why do we still need this MOU - and they did not get the answers before the last vote
4. REALITY - after voting NO to the first proposal and then living day-by-day HOPING that something else was going to be offered.. some just couldn't take it any longer... and were ready to vote yes to just about anything...
5. There really was a chipmunk (His name was Alvin) inside of each voting box eating 10% of all NO votes and replacing them with YES votes.... <---- Alvin is a fictional character in a kids movie... Just incase you were inclined to take that seriously :)
Do me a favor... think of it this way for 5 seconds.... I have a job. My job has a good wage and an excellent benefits package. (save the pension) I have a chance to make my company BETTER than it has been in 6 years. I have the opportunity to work for a stronger company 5 years from now if I take the time to invest in my company.
It's just an opinion.....
Your right SinC, YRC CAN'T MAKE MONEY PERIOD. Haven't showed a profit in how many years? Mean while we all want to know how will they change that? By doing business as usual?
It's been 5 years, still going backwards, meanwhile top Execs get there wages doubled, big bonuses, and what do we get? The opportunity to pay for those Raises & Bonuses with our hard work & sweat!!!! How is this a good thing.
I too didn't want the company to close, but it would be nice to know what the NEW PLAN OF ATTACK IS to turn this around, is that asking to much??