| Airlines! 19:44 - Mar 18 with 765 views | BanksterDebtSlave |
US airlines want $50bn - spent $45bn on own shares and execs
Negotiations are now underway to bail out the airlines. Delta announced today that it is going to cut 70% of its flights.
They have asked for $50bn which, according to our calculation, is just $5bn more than $45bn they have spent on share buybacks and executive pay over the last five years.
Bet they - and US taxpayers - wish they had sat on some of that cash.
Sara Nelson, president of the Association of Flight Attendants, has demanded that any US government bailout package come with “significant conditions” that would not allow companies to “enrich shareholders or pad executive bonuses”.
|  |
| |  |
| Airlines! on 19:48 - Mar 18 with 737 views | monytowbray |
It’s Trump and it’s America. The conditions will be incredibly favourable to the recievers.
More money being put in political pockets there than here, and it’s been that way longer. |  |
| |
| Airlines! on 20:03 - Mar 18 with 668 views | BanksterDebtSlave |
| Airlines! on 19:48 - Mar 18 by monytowbray |
It’s Trump and it’s America. The conditions will be incredibly favourable to the recievers.
More money being put in political pockets there than here, and it’s been that way longer. |
It's the wealth extraction model at its finest....never thinking more than about 5 minutes ahead! | |
| |
| Airlines! on 20:06 - Mar 18 with 664 views | StokieBlue |
What's the alternative? It's accepted that buying back ones own shares is a usual occurrence. To look at historical actions after a shock event like covid 19 is not particularly fair. Their approach would have been fine on normal times. Executive pay is different and I agree that is excessive in most industries.
I think the stipulation at the end of your post is key. The conditions attached should be Draconian but something needs to be done as lots of jobs are on the line. What would you prefer happen? Why don't you give us an opinion for a change?
You're continual obsession to not take into account the extraordinary context we are current in is a bit ridiculous.
Just like after 2008, when things are settled then regulations to improve capital barriers can be implemented.
SB [Post edited 18 Mar 2020 20:06]
|  | | |
| Airlines! on 20:10 - Mar 18 with 636 views | BanksterDebtSlave |
| Airlines! on 20:06 - Mar 18 by StokieBlue |
What's the alternative? It's accepted that buying back ones own shares is a usual occurrence. To look at historical actions after a shock event like covid 19 is not particularly fair. Their approach would have been fine on normal times. Executive pay is different and I agree that is excessive in most industries.
I think the stipulation at the end of your post is key. The conditions attached should be Draconian but something needs to be done as lots of jobs are on the line. What would you prefer happen? Why don't you give us an opinion for a change?
You're continual obsession to not take into account the extraordinary context we are current in is a bit ridiculous.
Just like after 2008, when things are settled then regulations to improve capital barriers can be implemented.
SB [Post edited 18 Mar 2020 20:06]
|
And there you have it.....never expect the extraordinary!
Edit ....after 2008 who would have thought that keeping cash reserves might be a good idea! [Post edited 18 Mar 2020 20:12]
| |
| |
| |
By continuing to use the site, you agree to our use of cookies and to abide by our Terms and Conditions.
