AANOTOK
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- Oct 10, 2009
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- #16
That scenario just described me with the exception of the $250k. You can replace that with $45k.I remember 2003 very well. The fear and possibility of bankruptcy were all too real. It was not management trying to pull a scam on us, they were practically on the courthouse steps. Don't ask how I know, but I do. Our concessions literally saved AMR from Bankruptcy.
$250K sure sounds like a lot, but it all depends what your expenses are. People at that level tend to be older, more established, have children in college, big mortgage, etc. Not justifying it, but the point is that it is all a matter of perspective. It is too easy to say they didn't take a hit. They did.
Now frontline, who did that hit affect the most. Huge difference, wouldn't you say.
Oh and by the way, no "perks" were included in my $45k. <_<