nimtz
Well-known member
- Joined
- Dec 5, 2001
- Posts
- 1,442
And the eventual value of the Lifetime Annuity "option" with any airline in this day is probably near zero.
CAL declares bankruptcy, hands it over to the PBGC, then the government pays a dime to the dollar, or will zero it out because of the deficit.
So Larry and company are fiendishly twirling their imaginary mustaches at the great idea of bankrupting the airline and screwing shareholders (including them) just to terminate the pilot pensions. Come on dude, try living in reality a touch...