Originally Posted by
unitedabx
Totally agree. Vote "no" and push back some of the ****. And can anyone explain why the vote is taking place in such short order ? Could it be because the company wants it pushed thru before the annual results are out ? Why not delay until say 1st April and then decide. With record profits about to be announced some of the yes inclined voters might think again when they see the shreholders and directors award themselves huge bonuses and dividends at the expense of the pilots. There is no rush to vote. Wait and see if the sob story from management is true or not.
Rumour has it directors to vote themselves an 8% bonus based on the pilots voting yes and the end of fuel hedging.
If there had been no member amendment, the original GC motion would have allowed for a full vote to start two weeks earlier.
In order to satisfy RF's amendment, both RF and the GC agreed to a compromise (which is the current GC motion). RF then changed his mind and now we have two different motions. As the GC one now contains most of RF's original requirements, the GC is UNABLE to change the dates on the Final Agreements whether the GC or RF motion passes. So the vote had to be reduced to end 1 Feb to comply with the new RF restrictions placed on both motions.
If there had been no member amendment then the entire vote process could have been fully completed, iaw HKAOA rules, without any shortening two weeks earlier than they will now. So if the vote passed by now, HKPA members would have their increased rates paid in February.
So no skull duggery - all purely driven by the member amendment motion. But if you want conspiracy theory - RF's amendment has saved the company around $6million HKD in February assuming the vote passes.