Frank Szabo
Veteran
http://www.forbes.co...and-401k-plans/
This is a rather interesting article re: more of AMR's financial shenanigans (at the expense of their "most valuable asset") over the years that, for some odd reason, never was looked at seriously. Perhaps they really meant what they said re: that "valuable asset" stuff but not as implied.
Now, there seems to be some interest, as evidenced by a letter from Booby Gless to the twu's "Brothers and Sisters",
http://twu514.org/fi...Forbes-Blog.pdf
as though this was just now noticed and brought to light - more like, "Oh crap - an article in Forbes Magazine - how do we protect our phoney-baloney jobs?" (h/t to Mel Brooks as Governor LePetomaine in "Blazing Saddles") - can I get a rousing round of "HARUMPHS?"
This was evident when I hired in (1990) and should have been obvious to anyone performing their own due diligence on any investment vehicle for their retirement.
This is a rather interesting article re: more of AMR's financial shenanigans (at the expense of their "most valuable asset") over the years that, for some odd reason, never was looked at seriously. Perhaps they really meant what they said re: that "valuable asset" stuff but not as implied.
Now, there seems to be some interest, as evidenced by a letter from Booby Gless to the twu's "Brothers and Sisters",
http://twu514.org/fi...Forbes-Blog.pdf
as though this was just now noticed and brought to light - more like, "Oh crap - an article in Forbes Magazine - how do we protect our phoney-baloney jobs?" (h/t to Mel Brooks as Governor LePetomaine in "Blazing Saddles") - can I get a rousing round of "HARUMPHS?"
This was evident when I hired in (1990) and should have been obvious to anyone performing their own due diligence on any investment vehicle for their retirement.