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Populist_Prole

(5,364 posts)

4. Not "sure" in the sense I'm privvy to their inner strategem, basing it on BK's over the past years

Reply to cstanleytech (Reply #2)

Fri Mar 23, 2012, 12:11 PM

Mar 2012

Companies have been using it to avoid bargaining, and outright break agreements they've already made. Since Bankruptcy is no longer the scarlet letter it once was it's used more as a tool now. Getting the courts ( who rarely give labor an even break ) to do the "bargaining" the company has no patience for. The judge will either rule to keep the contracts or null them. I don't recall any judges ruling on the lowering of the executive compensation.

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AMR Seeks to Reject Union Contracts in Bankruptcy Court [View all] Julian Englis Mar 2012 OP

Which is doubtless the entire reason for them going Chapter 11 BK. Populist_Prole Mar 2012 #1

Are you sure they bargained in bad faith though or are you assuming they did? cstanleytech Mar 2012 #2

Pilots gave avg of 40 percent in 2003 cpamomfromtexas Mar 2012 #3

Not "sure" in the sense I'm privvy to their inner strategem, basing it on BK's over the past years Populist_Prole Mar 2012 #4

If a judge can void a union contract in bankruptcy then they can void an executives as well. cstanleytech Mar 2012 #5

Totally agree. Will be interesting. Judge Lane was appointed by President Obama cpamomfromtexas Mar 2012 #6