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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.
It sounds like an exorbitant amount of money to me. No matter how much you're refinancing.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.
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
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.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
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
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.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
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.