"Robert M. Gary" wrote in message
oups.com...
Discount airlines ate their shorts because of bad management decisions
not
related to pension costs

I'm not sure what your point is. The airline couldn't compete against
the discouts, the reason makes no difference. If management is good,
employees don't mind enjoying the benefits of that, if management is
bad you have to accept it. Remeber that the purpose of a company IS NOT
to provide employement to people. People work for a company for as long
as it benefits the company. If you don't like that, seek out a
socialist place to lay your head.

People forget the only reason a company is in business is to make money. The
only reason they hire someone is so they can make money for the company. If
your not needed your gone, if they don't get rid of you eventfully you will
get rid of the company.
If the company stock is traded publicly the only real concern is that it
makes the stock holders money.

BTW: The reason UAL filed bankruptcy was to avoid having to make their
next massive payment to the pension fund. No one would argue that
without the pension/benefits program of an "old school" airline UAL
woudln't be in the situation it is in now.
-Robert