Mr BOWRING is hitting the point with this question:
"..Or because of the pressure on management for short-term profit performance to satisfy investment bank analysts at the expense of long-term corporate and employee interests?.."
There was a time - long, long time ago - when a decent company were proud to run a good and strong business, with good relations to the employees..
These days are gone..
Nowadays the only thing that matter is to please the shareholders deep pockets..
No reinvestments - such as paying - amongst others - pilots, what the rightfully deserves..
No, no - better suck the funds out of every corner of the business, and stuff them into the pockets of the happy shareholders..
The big question is - however:
Without reinvesting in a company - how long time before there is no more funds to stuff into the pockets..????