American Airlines, Part 1. Unions object to executive bonuses and pension funding revealed just hours after unions make pay concessions.
American Airlines, Part 2. After an outcry, American agrees to drop some of the bonuses; the pension bailout seems to be in question. The Reuters story says the pension funding is canceled, but NPR's reporter said otherwise.
What the hell was the Board thinking? Greed and avarice are not dead, obviously. How in good conscience can you tell your unions the only way to save the company from bankruptcy is to demand concession packages of $660 million from pilots, $620 million from mechanics and ground workers, $340 million from flight attendants and $180 million from management and other nonunion groups and then turn around and offer between one and two year's additional pay to your top executives? If I were a union member...
About what software could this phrase be used? "...the program's first version for the Apple II computer was only 20 kilobytes in a file that also included the full Apple II operating system." Happy 25th, VisiCalc!
Posted by Linkmeister at April 18, 2003 02:55 PM