It's Really Official Now

[BoeingBoy]

Agency takes over US Air pensions

Jim

 

[Phoenix]

Agency takes over US Air pensions

Jim

[post="244860"][/post]​

Mgt gets another 2.5 billion dollar boost... but of course they already spent it, or absconded it...

 

[mweiss]

Phoenix, it removes a liability. It doesn't increase cash.

 

[BoeingBoy]

It's probably semantics, but at some point there would presumably have to be cash paid into the retirement funds (at least that's what the company argued). That's where not decreasing cash comes in.

Jim

 

[Winglet]

I wish I could just "write-off" my car payment, like Lakefield did with pensions.

 

[diogenes]

Phoenix, it removes a liability. It doesn't increase cash.

[post="244904"][/post]​

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It removes the liability from a corporation and places it on the taxpayer.

And, if by some miracle dieux U becomes profitable, do they reimburse the taxpayer?

Certainly not.

 

[Phoenix]

Phoenix, it removes a liability. It doesn't increase cash.

[post="244904"][/post]​

I said that mgt got a 2.5 billion dollar boost. They did. The taxpayer has removed the 2.5 billion dollar burden from them.

I said that they have already spent it or squirled it away. They have. Mgt didn't have the money to pay for the pensions to begin with because they have been fast and loose with the pension fund, prefering to buy back 2 billion dollars of U stock before the United deal was announced in order to drive up the price of the stock--The stock that was cancled, and will soon be cancled again.

Mgt will continue to receive bonuses in order to keep the tallent around, because the taxpayer keeps contributing, the employees keep contributing, and now the First class passengers are even contributing their hot meals, all so we can keep the tallent at the top.

It is hard to keep good workers!

Cheers

 

[delldude]

It is hard to keep good workers!

Cheers

and speaking of that...prestifilippo recently stated "there will be a place for every managemnt worker"...no layoffs here guys.....
we pay they party.... :down: