Why Don't Ceo's Share The Pain Of Employees?

[qwerty]

And what most fail to realize is that when a company enters bankruptcy protection, it in affect ceases to be in business, at least in the previous sense. Chapter 11 was established to help companies restructure in the best interest of stakeholders, employees included. Without it, this airline would simply have liquidated, with no pension or anything else for anyone, save those that owned specific items of value.

It's not personal, much like some on this board would lead you to believe. It is business, and sometimes to save the ship alot of weight has to go. The pension "promise" died when the old US Airways did, be thankful you still have a job. You want security, go work for the postal service.

 

[robbedagain]

And what most fail to realize is that when a company enters bankruptcy protection, it in affect ceases to be in business, at least in the previous sense. Chapter 11 was established to help companies restructure in the best interest of stakeholders, employees included. Without it, this airline would simply have liquidated, with no pension or anything else for anyone, save those that owned specific items of value.

It's not personal, much like some on this board would lead you to believe. It is business, and sometimes to save the ship alot of weight has to go. The pension "promise" died when the old US Airways did, be thankful you still have a job. You want security, go work for the postal service.

[post="277510"][/post]​

I do understand that but if the employee pensions go i think that the mgmt should too. it is only fair. I also think that these mgmt dudes could actually learn a lesson from Gordon Bethune and the Chrylser mgmt team when they were in ch11