Help Our UAL Friends

"Jim Knoyle" wrote in message
...

"Matt Barrow" wrote in message
...


Look at any of the Fortune level firms that have been around for a
hundred years or more (P&G, for example) and you'll find very few high
level people brought in from outside the company.
--
Matt

Look further and you will find a once great airline that was more or less
taken over by hotel people and run into the ground.
Also notice that huge (then) golden parachute that one CEO got
when they let him go.
Also notice how they raided the IAM employees overfunded
pension fund for cash to buy another hotel chain.
...and on and on and on.

Proctor and Gamble runs airlines and hotel chains?


--
Matt

---------------------
Matthew W. Barrow
Site-Fill Homes, LLC.
Montrose, CO

sfb wrote:

Overtime after forty hours is a Federal Law.

Since when? I haven't seen overtime pay for over 15 years.

George Patterson
Give a person a fish and you feed him for a day; teach a person to
use the Internet and he won't bother you for weeks.

"George Patterson" wrote in message
news:fxfYe.9243$i86.3001@trndny01...
sfb wrote:

Overtime after forty hours is a Federal Law.

Since when? I haven't seen overtime pay for over 15 years.


Obviously he should have added ... except for certain exempt workers.

Where did Checchi get the stock? NWA.
How did he finance his takeover? NWA operating money.
How did he get paid before he bailed with his stock? Staggering management
fees payed by NWA monies - No, I didn't say profits.

I"m not familiar with the situation but it sounds like he used company
money to buy company stock as leverage? What a beautiful thing. The
only way that works out financially is if the company's assets (cash)
were not being used properly and someone found out that the money was
worth more than the company. The wonderful laws of nature kick in and
someone grabbed the money and moved it to somewhere it could work more
efficiently. That natural laws of nature do not allow companies to hold
assets inefficiently.

-Robert

There are exemptions in the federal law. If you think you are not exempt
from the law, you might want to do some research on the US Department of
Labor web pages at http://www.dol.gov/

"George Patterson" wrote in message
news:fxfYe.9243$i86.3001@trndny01...
sfb wrote:

Overtime after forty hours is a Federal Law.

Since when? I haven't seen overtime pay for over 15 years.

George Patterson
Give a person a fish and you feed him for a day; teach a person
to
use the Internet and he won't bother you for weeks.

sfb wrote:
There are exemptions in the federal law.

Thanks for the link. So, they passed that in '96. Can you tell me where to find
the exemption for salaried workers? I'm sure it must be in there somewhere.

George Patterson
Give a person a fish and you feed him for a day; teach a person to
use the Internet and he won't bother you for weeks.

"Matt Barrow" wrote in message
...

"Jim Knoyle" wrote in message
...

"Matt Barrow" wrote in message
...


Look at any of the Fortune level firms that have been around for a
hundred years or more (P&G, for example) and you'll find very few high
level people brought in from outside the company.
--
Matt

Look further and you will find a once great airline that was more or less
taken over by hotel people and run into the ground.
Also notice that huge (then) golden parachute that one CEO got
when they let him go.
Also notice how they raided the IAM employees overfunded
pension fund for cash to buy another hotel chain.
...and on and on and on.

Proctor and Gamble runs airlines and hotel chains?


For Christ sake, the subject is (was) UAL!
Pay attention. But thanks anyway for the good lead in
to something that has had me ****ed for over 20 years.

JK

"George Patterson" wrote in message
news:nhgYe.9252$i86.1969@trndny01...
sfb wrote:
There are exemptions in the federal law.

Thanks for the link. So, they passed that in '96. Can you tell me where to
find the exemption for salaried workers? I'm sure it must be in there
somewhere.



Try this one

http://www.dol.gov/esa/regs/compliance/whd/whdfs17.htm

Montblack wrote:

The company has an obligation to provide benefits and has to fund
the plan to provide for those benefits.

Agreed - however on the back end, not the front end based on outmoded
projections.

Why does the company have an *obligation* to provide benefits?

--
John T
http://tknowlogy.com/TknoFlyer
http://www.pocketgear.com/products_s...veloperid=4415
Reduce spam. Use Sender Policy Framework: http://spf.pobox.com
____________________

On Wed, 21 Sep 2005 12:38:02 GMT, John Theune
wrote:

Jon A wrote:
On Tue, 20 Sep 2005 21:33:24 GMT, "Steven P. McNicoll"
wrote:


"Jon A" wrote in message
...

Unions are there to protect the working class from
unfair management practices, which unfortunately shows their true
colors.


What unfair management practices?


Ones that would be allowed to proliferate if no unions were present.
How about 14 hour work days with no breaks for starters? I really
don't believe that someone who is as learned as you appear to be would
ask that question. Check a history book if you want to know more.

Which has been turned into law, so the need for unions to enforce this
has pretty much gone away. What has not gone away is the ability for
unions to backmail companies into agreeing to contracts that cripple
their ability to compete. Unions played a important role in the
creation of fair labor laws to protect workers but the need for them in
that role has passed and now they are hurting the workers more then
helping them as a company that goes out of business employs no one.

Sounds like a pure republican talking.