boycott united forever

My dad worked for 24 years at UAL-PDX. Laid him off in his 24th year, a
year before he was eligible for full retirement. He was UAL-PDX employee
of the year a couple of times, received all kinds of awards and bonuses...he
received one award for not missing a day of work for something like five
years.

Years later, some new jackass comes along, wrecks the company and walks off
with a $1.5 million guaranteed pension after a trivial amount of time.
Meanwhile, the pilots, flight attendants and everybody else who MADE UNITED
WHAT IT WAS are screwed out of their contracted pension.

The best way to solve this problem would be to take the CEO, shoot him
through the head and hang his corpse from a Wall Street lamp post so that
every other executive out there remembers, for example, why the french still
celebrate Bastille Day. But we can't do that.

So boycott United forever and make sure that the rest of the executives in
the aviation industry don't try to pull the same stunt on America's pilots
and airline industry workers.

-c

Years later, some new jackass comes along, wrecks the company and walks
off
with a $1.5 million guaranteed pension after a trivial amount of time.
Meanwhile, the pilots, flight attendants and everybody else who MADE
UNITED
WHAT IT WAS are screwed out of their contracted pension.

Not to diminish what has happened at United, but it was reported on NPR that
United pensioners are guaranteed their pensions, up to $45K annually.

Speaking as one of the millions who have never had a pension plan -- and
never will -- $45K per year for sitting around the house sounds pretty
danged good.

Of course, that pension will now be paid out by We, the People, instead of
They, the Stockholders...
--
Jay Honeck
Iowa City, IA
Pathfinder N56993
www.AlexisParkInn.com
"Your Aviation Destination"

"gatt" wrote in message
...


So boycott United forever and make sure that the rest of the executives in
the aviation industry don't try to pull the same stunt on America's pilots
and airline industry workers.

So they can really go bankrupt and take away the other half of his pension?
Seems to me that there are better ways to handle this.





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"Jay Honeck" wrote in message
news:cNNge.76189$WI3.28227@attbi_s71...
Years later, some new jackass comes along, wrecks the company and walks
off
with a $1.5 million guaranteed pension after a trivial amount of time.
Meanwhile, the pilots, flight attendants and everybody else who MADE
UNITED
WHAT IT WAS are screwed out of their contracted pension.

Not to diminish what has happened at United, but it was reported on NPR
that United pensioners are guaranteed their pensions, up to $45K annually.

Speaking as one of the millions who have never had a pension plan -- and
never will -- $45K per year for sitting around the house sounds pretty
danged good.

Of course, that pension will now be paid out by We, the People, instead of
They, the Stockholders...

Really the Pension version of the FDIC (sorry can't remember the name of it)
but since it is running several billion dollars a year in the red you are
right.

But the company ought to be liquadated to pay the pensions. Think of it this
way. You go to work at the airline. They promise to pay you $X now and if
you hang around they will pay you $X after you retire.

Labor is supposed to be the first thing paid.

What was it the head of the pilots' union said several years ago about
making sure they got every last egg from the golden goose? Sounds like
they succeeded beyond their wildest dreams. When a later CEO opined
that United was in trouble and might not survive, he was crucified by
the union reps on the Board of Directors for negative thinking.

Decisions always have consequences, often un-intended.

Lets see. I'm already boycotting US Airways forever (They gave away our
seats on a connecting flight for a weekend trip). Now I have to boycott
United.

Damn good thing I've got my own plane.




"gatt" wrote in message
...

So boycott United forever and make sure that the rest of the executives in
the aviation industry don't try to pull the same stunt on America's pilots
and airline industry workers.

I feel a lot of sympathy for your dad, but he will still get a pension
(I heard up to 3/4th of what it was supposed to be) at taxpayers'
expense. If United is boycotted, where will all the layed off employees
go? No pension, but no job!

gatt wrote:


So boycott United forever and make sure that the rest of the executives in
the aviation industry don't try to pull the same stunt on America's pilots
and airline industry workers.

-c

In article cNNge.76189$WI3.28227@attbi_s71, Jay Honeck
wrote:

Speaking as one of the millions who have never had a pension plan -- and
never will -- $45K per year for sitting around the house sounds pretty
danged good.

Unless you're a pilot, forced to retire at 60 by the FARs. Then you
get $28k to live on because you "retired early." Worked hard to build
a nice house? You're going to have to sell it -- you won't be able to
afford the taxes on it.

Sad.

--
Garner R. Miller
ATP/CFII/MEI
Clifton Park, NY =USA=

"Marco Leon" mmleon(at)yahoo.com wrote:


So they can really go bankrupt and take away the other half of his
pension? Seems to me that there are better ways to handle this.

They are bankrupt, and the pensions will now be paid by all of us.

It's quite dishonest in a very real way. The company contracted to make
payments that it is now refusing to make. Rather than selling off all
assets to help fund those promises, they've been passed on so you and I
will be paying them.

It's especially unfair to those of us that receive no benefit from
guaranteed pensions (because we don't get pensions).

- Andrew

RomeoMike wrote:

where will all the layed off employees
go? No pension, but no job!

If they're smart, they'll leave. The company has already shown what its
word is worth. Would you work for someone that broke promises to pay you?

- Andrew