CrewsUnite: Thanks for the info on career progression and retirement. Career progression was a major reason to join in the first place, so some updated numbers are nice to see.
ChinaBeached: Great post. I'm in the same boat and will be telling them no next week. (I've been waiting for my friends on the inside to fish out a few more details for me.)
I've also been in a hold pool since 2008. It's hard to give up on the Cathay dream, but when I got that call last fall I told them I would only take the original offer. I'll be repeating this again next week. (Personal integrity, if anything I'm worth much more now)
I've landed a good job with another 'major' since. It is nowhere near the career I thought I was going to have with Cathay, but I know where I stand at this company.
I do think they will get some positive results with this offer. I would have taken it years ago. But I can't take this knowing that I'm contributing to reducing the terms and conditions at a once great company.
It's nice to see others feel the same way.