Sure, go ahead and vote yes. What you are voting on is making sure that ABF can cut their rates, and actually put YRC out of business. Do you actually think ABF is in trouble? They refused to open the books three times before they said yes. What do you think they were doing in the interim while the IBT waffled their position. They were cooking the books, and the best part is that you guys voting yes are going for it hook, line and sinker. If they are losing money, and I do think they are, but certainly not at the magnitude that they are portraying. Let's face facts, if the 63 million dollar loss they claimed on their balance sheet was real, that charge would be a tax deduction, and it was not. Further, they claim to have lost money all year last year, then why, did they pay a dividend on the stock PROFITS, every quarter?
If they want to argue equal sacrifice, here is an idea. ALL management, from top to bottom, Judy, Wes and everybody at Fart Schmitt, take a cut to $90,000 total compensation and deduct the 15% they want from us. This is an equal sacrifice, not the 5 million compensation packages they enjoy then take 15% from that.
Then since we are talking equal sacrifice, Jim, Tyson, and the crew at the IBT take a single salary, of $90, 000 per year and subtract 15%. I know it would be very difficult for these guys to give up their multiple salaries and pensions, but what the heck, fair is fair isn't it. Since they are selling this the way they are, they should be willing to walk the walk, if they can talk the talk.
Equal sacrifice is not equal if their is somebody making 6 figures and over.
I think there is really more here than meets the eye, and the leaders of the company and the union are not telling the whole story, and certainly not telling the truth. If it stinks like ****, looks like ****, then there must be some **** here, and I am not going to vote for it while it must be ****.