Big Duke Six said:I'm so stupid that I still can't figure out why Mgmt doesn't LEAD their company through a bankruptcy and share the pain that entails. If management wanted to get their employees on their side they would take equal or greater pay cuts first.
Management doesn't take pay cuts, because they walk in and tell the judge (or their lawyers) that they WILL leave (or they are pursuing other options) if they don't have incentives to stay. The judge doesn't know how to run an airline and knows how bad he'll look if he loses the management. So management ends up with huge pay increases and contingency parachutes to stay while pilots take it in the shorts. Pilots have already proven that they'll work for low wages and that they won't leave during a bankruptcy, so we end up with concessions. Management has balls. Pilots don't.