Originally posted by tsv
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perhaps you did not understand my post. post 9-11, while all the major us based airlines were in bankruptcy, AA managed to avoid it by convincing its employees to take pay-CUTS. they were promised that their salaries would be brought back with raises. that never happened. meanwhile, the executives gave ZERO back and continued to get their fat checks and bonuses. now, the company is in chapter 11. shareholders and creditors will get fucked, and the executives live on with their platinum executive compensation packages that include "bonuses."
i never quite understood this bonus concept...in my mind, you get a bonus when you do well, NOT when your company is headed for bankruptcy. maybe i'm just stupid...
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