fatherabraham
Veteran
- Sep 27, 2002
- 814
- 354
On Feb 24, 03
On cross examination from ALPA, Cohen testified that Stephen Wolf and Rakesh Gangwal received 15 million dollars each in non-qualified payments and Larry Nagin received 5 million dollars in non qualified payment just before the Company went into Chapter 11 bankruptcy. Cohen further testified that the Company was not seeking recovery of this 35 million dollar payout even though the bankruptcy code contains provisions to get the money back to US Airways. US Airways cash position is currently at 450-470 million dollars and is expected to worsen over the next few weeks.
Well now, I guess them rumors were true.
Can all see now where their loyalty lied.
Think it is any different for remaining bandits? Don''t forget they divy up 8% of new U as well.
On cross examination from ALPA, Cohen testified that Stephen Wolf and Rakesh Gangwal received 15 million dollars each in non-qualified payments and Larry Nagin received 5 million dollars in non qualified payment just before the Company went into Chapter 11 bankruptcy. Cohen further testified that the Company was not seeking recovery of this 35 million dollar payout even though the bankruptcy code contains provisions to get the money back to US Airways. US Airways cash position is currently at 450-470 million dollars and is expected to worsen over the next few weeks.
Well now, I guess them rumors were true.
Can all see now where their loyalty lied.
Think it is any different for remaining bandits? Don''t forget they divy up 8% of new U as well.