PPRuNe Forums - View Single Post - United Airlines, Chapter 11 status
View Single Post
Old 11th Jan 2003, 22:59
  #202 (permalink)  
bean_counter
 
Join Date: Jun 2001
Location: uk
Posts: 44
Likes: 0
Received 0 Likes on 0 Posts
From the Delta pilot's brief posted earlier in this thread:

"UAL employee groups had three UAL Board of Director seats.
Any two of these individuals could veto the hiring of a new CEO. "

If the unions have the power to select a CEO they certainly have the power to get company management to remove the non-revenue earning employees also described earlier in this thread - held responsible by some posters for the overwhelmingly bad state airlines find themselves in now, with United and US being the most extreme examples.

A couple of years ago the union goon's were praising United management for their decision to award industry leading contracts and now they're asking for protection from their management ?

Can't have it both ways - the management was union appointed and overseen.

This is a classic example of letting the lunatics run the asylum

They had a choice - run it sensibly and profitably or milk it till it drops. We're all watching the enevitable result.

What beats me is why any institution in its right mind would put up DIP Financing, unless of course it's to get first pickings over the carcass..................
bean_counter is offline