Flooder305
Well-known member
- Joined
- Apr 20, 2002
- Posts
- 61
I must be missing something... How is UAL/DAL/soon to be every other carrier dumping the pension plans, not the exact same thing as the Enron scandal, just in a different sector of society/business?
These companies signed an agreement... Used to be people lived and died by what they signed their name to. Every dividend those companies have paid, has come off the backs/the lives of those retirees. It almost seems that the shareholders should have to pony up for the retirees, not the other way around.... Why should they act responsibly to the shareholders now, after so long of pissing their real equity away?
What is a 60+ year old guy going to do now, to reinvent himself to make up for the lost retirement income. I remember when Enron went down, they showed all these poor retirees who got scammed, well what's the difference I ask?
PBGC? You've got to be kidding when they are stepping in....I didn't make the mistakes that UAL/DAL/the others mgmt. made. But here I am shouldering the load with the rest of America, including the retirees am I right?
I'm not in this boat, but I sure believe, that when you affect peoples lives in this manner, people who are in the sunset of their lives, there is CRIMINAL negligence involved, and there should be PROSECUTION. Just like ENRON.
I would almost go so far as to suggest an immediate court ordered Ch. 7 in order to pay, not the creditors who should bear more responsibility for their stake in not holding these companies accountable for the use of their assets, but the pensions of the working men and women who worked for the "MAN", and were unfairly dealt with, and will now pay for someone else's transgressions.
Please tell me why I'm wrong, and what I'm missing, because this is what I feel when I see and hear this going on....
These companies signed an agreement... Used to be people lived and died by what they signed their name to. Every dividend those companies have paid, has come off the backs/the lives of those retirees. It almost seems that the shareholders should have to pony up for the retirees, not the other way around.... Why should they act responsibly to the shareholders now, after so long of pissing their real equity away?
What is a 60+ year old guy going to do now, to reinvent himself to make up for the lost retirement income. I remember when Enron went down, they showed all these poor retirees who got scammed, well what's the difference I ask?
PBGC? You've got to be kidding when they are stepping in....I didn't make the mistakes that UAL/DAL/the others mgmt. made. But here I am shouldering the load with the rest of America, including the retirees am I right?
I'm not in this boat, but I sure believe, that when you affect peoples lives in this manner, people who are in the sunset of their lives, there is CRIMINAL negligence involved, and there should be PROSECUTION. Just like ENRON.
I would almost go so far as to suggest an immediate court ordered Ch. 7 in order to pay, not the creditors who should bear more responsibility for their stake in not holding these companies accountable for the use of their assets, but the pensions of the working men and women who worked for the "MAN", and were unfairly dealt with, and will now pay for someone else's transgressions.
Please tell me why I'm wrong, and what I'm missing, because this is what I feel when I see and hear this going on....