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Please help! On November 1, 2022 the pilots for Delta have voted to approve a strike if negotiators cannot reach an agreement. They demanded higher

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On November 1, 2022 the pilots for Delta have voted to approve a strike if negotiators cannot reach an agreement. They demanded higher wages and more flexible working hours. Suppose that you have been hired to advise the management of Delta. Delta has the opportunity to be the first to present a new compensation package. Then the pilots will have the choice to either accept the contract or reject it. If the pilots reject the contract, then the cost of lost flights is estimated to be between $7.4 - 9.6 million a day. Thus, the firm wants a quick resolution. A) Given the following table, please explain what the best strategy is for the SAS management to pursue? Management High Salary Increase Low Salary Increase Accept the Offer $5 million to the pilots, $3 million to the pilots, Pilots (& go back to work) $3 million to Delta $5 million to Delta Reject the Offer $ -1.5 million to the pilots, $ -1.5 million to the pilots, (& stay on Strike) $ -8.5 million per day to Delta $ -8.5 million per day to Delta B) What advantage does being the first mover give to the company? C) What can the pilots do to enhance their position

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