ESOP clipper, No. 6, October 1983

              Number 6

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ESOP CLIPPER REVISED Work Force Tells Us How To Do It!
□	When the ESOP was negotiated in the fall of 1981, the ESOP Administrative Committee elected to send every ESOP participant five editions of the ESOP CLIPPER in order to explain the mechanics of the ESOP and to address issues critical to us. It was also agreed, at that time, to evaluate the effectiveness of the ESOP CLIPPER following the fifth edition. As you know, the fifth edition did include a survey form soliciting your specific views on this subject.
The exact results of that survey are attached to this edition because we feel you should know what your fellow employees think. As you can see, in reviewing the survey results, we were told, in no uncertain terms, the following:
1.	To continue publishing the ESOP CLIPPER.
2.	To publish quarterly.
3.	To continue mailing to the home.
4.	That you approve of the current editorial policy.
□	We also quoted the 101 comments that were submitted because they will give you some idea of the diversity of thought among us. We are electing to distribute this, and future editions, at our work areas because it will save about $5,000 per edition in mailing costs. Also, the stock will be less expensive, and the work-up will be less expensive, and the work-up will
be done by us (in-house). Effectively the over-all cost of continuing to publish the ESOP CLIPPER will be negligible. We fully realize that you told us to continue mailing to the home; if you do not agree with our judgment on this cost saving, tell us, and we will reconsider it.
BOB GOULD REPORTS ON
ANALYSIS AND EVALUATION
Dear Fellow Employees,
□ As promised, I want to report to you on the progress of the Independent Analysis and Evaluation that I am directing by joint agreement between the Chairman and the Joint Labor Council. However, let me say this at the outset. This has been a very difficult summer for all of us. We have all been out here “on the line” serving our customers. We have all worked under difficult conditions: a new “Hub and Spoke” operation; overtaxed facilities; ageing equipment; but, thank goodness, high cabin loads! Once again, we have taken the “heat in the kitchen” and kept our Company moving in the right direction . I’m proud to be associated with each and every one of you, and I want you to know that I
am doing everything I can to correct the problems that are making your job and mine so difficult. I also want you to know that everyone with whom I have dealt (from Chairman Acker down the line), in the course of this Analysis and Evaluation, is working just as hard as we and taking their share of the “heat”.
MY REPORT TO YOU Background On Independent Analysis and Evaluation
□	When we found ourselves threatened with the loss of our livelihoods, wage reductions, wage freezes, and work-rule concessions, we were outraged! When the anger and dismay subsided, we demanded changes: representation on the Board of Directors; ownership through the ESOP; meaningful briefings of the Joint Labor Council; the ability to sell and modify our product through World Team and Employee Work Circles; and a Profit Sharing plan. In other words, we wanted part ownership and to share in the rewards. More important than all that, we said, “Never Again!” We refuse-to find ourselves in this same precarious posture in the future. We want to protect our Company and our jobs from the financial tragedies that have befallen Braniff and Continental; and to preserve the global prestige of our country’s national carrier.
□	In order to insure that, we had to identify the causes for our predicament and to see that they were eliminated and would not recur. This resulted in the need for an Analysis and Evaluation of the way we do business and to plan for the future.
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