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<blockquote data-quote="vantexan" data-source="post: 729527" data-attributes="member: 24302"><p>Concerning FedEx having alot of money in the bank. Must be true since they are buying alot of new jets. If a union is voted in, and negotiations begin, what happens if it goes to arbitration with a government mediator? Isn't the mediator bound by law to settle matters based on evidence presented? They just can't give the union what it wants, it has to be based on the company's ability to meet those demands, with enough profit left over for the company to meet it's corporate responsibility to shareholders as well as have enough profit left over for capital expenditures, etc. If the union says the company should have billions in the bank, most likely the NMB(or whatever body governs arbitration)will have forensic accountants verify the company's balance sheet. Which begs the question, why was Fred S threatening to cancel a huge order and then suddenly buying a large number of jets? If there are pre-existing contracts tying up FedEx funds, and annual profit isn't enough to cover union demands, the NMB will have no choice but to rule that the union must accept much less. FedEx has the money to pay very sharp consultants to advise them how to win this thing. Pure speculation on my part, but most likely they are doing everything possible right now behind the scenes to mitigate the union's impact.</p></blockquote><p></p>
[QUOTE="vantexan, post: 729527, member: 24302"] Concerning FedEx having alot of money in the bank. Must be true since they are buying alot of new jets. If a union is voted in, and negotiations begin, what happens if it goes to arbitration with a government mediator? Isn't the mediator bound by law to settle matters based on evidence presented? They just can't give the union what it wants, it has to be based on the company's ability to meet those demands, with enough profit left over for the company to meet it's corporate responsibility to shareholders as well as have enough profit left over for capital expenditures, etc. If the union says the company should have billions in the bank, most likely the NMB(or whatever body governs arbitration)will have forensic accountants verify the company's balance sheet. Which begs the question, why was Fred S threatening to cancel a huge order and then suddenly buying a large number of jets? If there are pre-existing contracts tying up FedEx funds, and annual profit isn't enough to cover union demands, the NMB will have no choice but to rule that the union must accept much less. FedEx has the money to pay very sharp consultants to advise them how to win this thing. Pure speculation on my part, but most likely they are doing everything possible right now behind the scenes to mitigate the union's impact. [/QUOTE]
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