Interesting one this, from the Financial Times today;
FT.com / Columnists / Luke Johnson - Which stakeholder should get priority?
Quote "Meanwhile, British Airways is another category altogether. There, thanks to power-crazed unions and a defined benefit pension scheme, the hierarchy is clearly staff, staff, staff. The entire undertaking has become but a device to keep the staff pension plan solvent. The flight crew’s aborted strike was a self-destructive attempt to defend partisan interests at the expense of everyone else – even if it meant obliterating the entire enterprise. It is useful to know how little BA staff think of the customers who provide their revenue. There can be no question that a bankruptcy of BA would actually be a rational outcome for the travelling public. It would permit the business to shed legacy liabilities and invest for the future as a competitive airline – rather than cling on, ever weaker, as a hostage to its past as a state monopoly."