re: #134 iossarian

I’m just laughing at people who gladly watch the little financial safety their (unionized) parents and grandparents fought for be blown out of the water by corporate raiders.

“We have to cut pensions to save the company.” (CEO compensation increases 75% in two years)

“We have to lay off 15% of the workers to save the company.” (Consulting fees treble)

“Thank you, sir, may I have another?”

I am a firm believer in reorganization that cuts across the board. That means, Labour, management, bond holders, shareholders, contractors, everything has to be looked at. AA management has done a poor job in my opinion. Other airlines have been doing a lot better. Therefore yes they should dismiss some senior management. But its not like they can put a couple of baggage handlers in charge of the company to replace them. It is all part of the answer. That may include large layoffs, and a reorganization of benefits.