[PEN-L:32788] Re: Re: FW: today's papers: Crash Landing?

[Eugene Coyle <eugenecoyle@xxxxxxx>]

Employees got (or now have) around 55% of the shares -- soon to be worth
little, in that previous bailout. They also got three seats on the Board.
	Yeah, you have to wonder what the govt agenda is.  Previously (last
year?) they turned down the attempted merger of United with another big
carrier.  Also turned down the merger of Northwest and Continental.

	If the industry stays "unregulated" -- and the Bushies won't go back to
regulating anything -- then they have to permit a tighter oligopoly.
They are in internal conflict -- interesting to watch.

Gene Coyle

Dan Scanlan wrote:
> > does anyone know what UAL's business plan was? what was wrong with it?
> > it didn't call for enough wage cuts?
>
>
>
> Another question: What is the gov't's agendda. Wasn't United Airlines
> taken over by its employees in a previous fianancial scramble? Or was
> that another airline?
>
> Dan Scanlan