No but its included in Liabilities as I mentioned in the thread, You convienetly missed that.
Yes he did fire Wagoner, but only because GM was not smart enough to say 'no thanks' to taxpayer money. The saddest thing as a result of this is that GM problems are still not solved and won't be until a proper chpt. 11 re-organization. And guess who'll get screwed? UAW. (And the US taxpayers, but that's OK becuase US taxpayers have not been fully tapped yet
). Anyways, I think companies have learned their lesson borrowing from the Obama administration. Several banks are already saying it was a mistake to do so and look at the debacle with happening with Chrysler.
Yes he did fire Wagoner, but only because GM was not smart enough to say 'no thanks' to taxpayer money. The saddest thing as a result of this is that GM problems are still not solved and won't be until a proper chpt. 11 re-organization. And guess who'll get screwed? UAW. (And the US taxpayers, but that's OK becuase US taxpayers have not been fully tapped yet
I still think that although the bankruptcy laws have been modified, labor will still get screwed. Royaly. Especially AA employees because you still have so much to give (so to speak). All a chapter 11 filing will do is make it as easy as taking candy from a child. And contrary to popular belief, I still say that management will walk away unscathed. Unless AA/AMR will be dumb enough to take government money ... ... ...
Yes he did fire Wagoner, but only because GM was not smart enough to say 'no thanks' to taxpayer money. The saddest thing as a result of this is that GM problems are still not solved and won't be until a proper chpt. 11 re-organization. And guess who'll get screwed? UAW. (And the US taxpayers, but that's OK becuase US taxpayers have not been fully tapped yet
They're only regret is that the executives cannot continue to lavishly reward themselves for bad performance.
You love to bash labor, but you seem to have no problem with executives getting GUARANTEED bonuses REGARDLESS of performance.
But hey they are better than the rest of us because they wear expensive suits to work.
Remember, there are more executives doing prison time these days than there are union leaders.
Who is more corrupt?
This is my point. AA would be foolish to take any money from the administration because then the gov. could dictate how to run the airline. This is happening at the banks (offer better rates to people who still won't be able to pay back the loans) and automakers (ditch the SUV and make "green" cars). I'm not saying the Admin doesn't have a right to dictate the terms since they're the sugar daddy - but I think companies have learned, or are starting to learn their lesson.
The difference is under the RLA the courts didnt reject the agreements, they rewrote them and the weak unions we have never challenged them. Nothing in the law gave them this right but they did it anyway. If we were under the NMB the law is clear, if the term of our agreement has expired we are free to self help.
