The End Of Pensions 53

I'm just trying to help you.

I don't. But you seem to think it's coming back, for sure.

The owners are the stockholders. They don't receive salaries. If executives own stocks, they receive salaries, but not because they are stockholders.

Are you opposed to reviving the company? Do you want the company dead, and yet still paying those pensions?

When a company is driven into bankruptcy by expenses it can no longer pay, it has no choice but to declare bankruptcy - or simply liquidate everything and go out of business - or both. In the case of unionized American companies, the unions and their extravagant compensation packages are a big reason why the companies are broke. The unions were given the power to make such demands by the National labor laws, and they did. Now they're reaping what they sowed. The choice facing the judge was - relieve UAL of the pension liabilities, or see it go under. The union members want something that isn't available - the company continues to support their pensions and doesn't go under.

I don't. But if you think those penny stocks will go way up, why don't you buy some? Put your money where your mouth is. The stock is cheap enough for just about anyone to buy a bunch of it.

After you...

-- Robert Sturgeon Summum ius summa inuria.