[PEN-L:32789] Re: Re: Re: FW: today's papers: Crash Landing?

[Michael Perelman <michael@xxxxxxxxxxxxxxxxx>]

The gov't won't support the airlines without a concommitant smashing of
the unions, which is likely to have an effect on wages throughout the
economy, except for full professors at minor colleges.


On Thu, Dec 05, 2002 at 10:17:53AM -0800, Eugene Coyle wrote:
> 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
> >
>

--
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael@xxxxxxxxxxxxxxxxx