Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Whist who wrote (287325)	8/15/2002 6:37:44 PM
From: Srexley	Read Replies (1) \| Respond to of 769670

"The United situation is far more complex than "UAL mechanics won't take a pay cut to save the company ..." I don't think he was making that point. The point looks to be that the union won't help regardless. It happens pretty frequently unfortunately (for the union workers). I personally think one of the big ones needs to go belly up to tidy up the industry. It's a mess, and the public will continue to fly and companies will continue to provide the service. I also think it is pretty silly to blame (or for people to allow them to blame) 9-11 for all of their problems. Fly Southwest. They know how to run a company. A rarity in the airline industry.

To: Mr. Whist who wrote (287325)	8/15/2002 6:50:00 PM
From: Lazarus_Long	Read Replies (1) \| Respond to of 769670

The unions appeared reluctant to give cuts and promised to oppose any move toward bankruptcy. Has anyone told the unions creditors can FORCE a company into bankruptcy? Whether it likes it or not? And then things will be MUCH worse than if it had filed in the first place? Like it won't get a choice of what chapter to file under. It will almost certainly get the "We take the goodies" chapter. AND the bankruptcy judge will appoint a special master to run the company. Then what happens depends on what he and the judge decide. And US Marshalls will enforce the decisions if necessary. It has happened in the past, flappie. Be careful what you wish for...