MCI transplant Veteran Joined Jun 4, 2003 Messages 5,311 Reaction score 584 Nov 14, 2012 #1 Latest from the New York Times: http://www.nytimes.com/reuters/2012/11/14/business/14reuters-americanairlines-creditors.html?src=busln
Latest from the New York Times: http://www.nytimes.com/reuters/2012/11/14/business/14reuters-americanairlines-creditors.html?src=busln
J jimntx Veteran Joined Jun 28, 2003 Messages 11,161 Reaction score 3,285 Location Dallas, TX Nov 15, 2012 #2 Creditors get 70%, AMR executives get 30%, employees get squat. Sounds like the perfect plan to me! (Well, other than we probably need to cut employee wages and benefits again...just to be sure.)
Creditors get 70%, AMR executives get 30%, employees get squat. Sounds like the perfect plan to me! (Well, other than we probably need to cut employee wages and benefits again...just to be sure.)
pit_needs_help Advanced Joined May 29, 2003 Messages 150 Reaction score 2 Nov 15, 2012 #3 Maybe it is time to walk away? Amr cost is already higher than planned when they entered with payroll and percentage of airline going to employees.
Maybe it is time to walk away? Amr cost is already higher than planned when they entered with payroll and percentage of airline going to employees.
NYer Veteran Joined Jun 4, 2010 Messages 4,167 Reaction score 905 Nov 15, 2012 #4 Employees are a Creditor...that's where the Equity comes from.
B Bob Owens Veteran Joined Sep 9, 2002 Messages 14,274 Reaction score 6,011 Nov 15, 2012 #5 Executives are employees
MCI transplant Veteran Joined Jun 4, 2003 Messages 5,311 Reaction score 584 Nov 16, 2012 #6 Here;s more of AA's B.S.! http://www.forbes.com/sites/edwardsiedle/2012/11/14/conflicts-abound-at-american-airlines-pension-and-401k-plans/?partner=yahootix
Here;s more of AA's B.S.! http://www.forbes.com/sites/edwardsiedle/2012/11/14/conflicts-abound-at-american-airlines-pension-and-401k-plans/?partner=yahootix