Npv Of Liquidated Assetts > Exp Future Cash Flows?

[usair_begins_with_u]

A company is not just about it's employees, its primary fiducial responsibility is to its owners/stockholders!!

Liquidation is almost upon UAir, its up to the IAM.

 

[700UW]

You are mistaken,

Unions do not run companies, they don't start them and they don't end them.

And you can give to US the IAM won't as the company cannot honor the very contracts they agreed to twice in bankruptcy. The company has chosen to make the employees enemies and treat them as such.

So Mr Moderator, I believe this thread should be locked as all it is a windup.

 

[cavalier]

You are mistaken,

Unions do not run companies, they don't start them and they don't end them.

And you can give to US the IAM won't as the company cannot honor the very contracts they agreed to twice in bankruptcy. The company has chosen to make the employees enemies and treat them as such.

So Mr Moderator, I believe this thread should be locked as all it is a windup.

 

[usair_begins_with_u]

This is not wind up... this is the truth..

The purpose of a company is to increase the wealth of the owners. If wealth cannot be generated, than what is the purpose for it to exist? How many years in the past 15 has USAir registered profits? 2? maybe 3?

USAir for the most part functions as a mini social welfare program, rewarding only the most senior manangers, much like a modern day panzi scheme.

I, as a tax payer, will refuse to vote to keep such an innefficient opperation alive, when plenty other airlines can do so while giving back to the economy through corporate income tax, and not ask for hand out after handout, punishing the poorer taxpayers, taking money away from schools, police, and fireman.

Liquidation is better for everyone in the long run, though a few may suffer intermediary losses.

The insanity must stop

 

[Light Years]

I agree. Wind up.

 

[usair_begins_with_u]

Do you realize all the stockholders of USAir since 1992 would have been better off if USAir sold all it's assetts and just bought tbills instead?

What is going to make the future any different.. God you people are selfish.. what about the all poor members of RSA?

 

[cavalier]

God you people are selfish.. what about the all poor members of RSA?

Now you're getting crazy! :down: :down: :down: :down: :down: :down:

 

[Light Years]

They still have thier retirement. And thier jobs.

 

[usair_begins_with_u]

Why should anyone subsidize USAirways continued failure? Just To be nice?? Kindness??

Do tell

 

[Long Gone]

"A company is not just about it's employees, its primary fiducial responsibility is to its owners/stockholders!! "

Yes Enron and Worldcom come to mind. Lets not forget the folks on Wall street who touted these stocks until the end. Responsibility and Corporate America is laughable with the state of business ethics and corruption prevalent today. Some individuals have profited handsomely, namely Mr Grasso from the NYSE, and departing CEO's. As for the rest, history speaks for itself. It wasn't by accident that Ronny Reagen gutted the investigative section of the SEC. Today we see the fruits of the lobbyist labor. The sad fact is the corruption continues everyday, how about Mobil oil re estimating their oil reserves 4 times in a 6 month period. Billions of dollars are at stake. Its not by accident, the same as U's desire to establish basement wages and benefits in the legacy sector of the US airline business. Don't fool yourself, the Investment banks and the present Administrations voice is heard loud and clear with the dismantling of USAirways labor contracts. It isn't just about stockholder equity, if it was U would have been TU a long time ago.

"A sucker is born every minute"- is todays business mantra.

 

[jimntx]

what about the all poor members of RSA?

Needn't worry the least about the RSA members. The investment in UAIR is a drop in their total investment bucket. It is one of the strongest pension plans in the nation. My mother is a retired Alabama school teacher. Because pension plans are not permitted to "make a profit" they have to distribute excess cash to their members. My mother has been retired for 20 years. Her monthly pension is now larger than her last take home checks when she was working because of the health of the retirement system investments.

 

[700UW]

Don't forget Tyco and Adelphia.

 

[robbedagain]

Do you realize all the stockholders of USAir since 1992 would have been better off if USAir sold all it's assetts and just bought tbills instead?

What is going to make the future any different.. God you people are selfish.. what about the all poor members of RSA?

if we the people at uair ar eselfish then why does mgmt continuously keep on asking the employees for further more pay cut concessions when they have 1 too many that are making the big big big bucks? i must be referring to you as you must be part of that group. and on top of the two pay cuts we took, we also lost a large number of employees, no 401k (for most of us), had several cities turned from mainline into the circus style mainline express with the worst top out pay scale (of course the other airlines express top out better than us), and the company is trying desperately to farm out the IAM's work (after numerous promises not to)and last but not least the RSA folks dont have to worry about raising kid (S) nor paying the bills because they collect the big paychecks where we dont, especially in the mid atlantic and mainline express cities

 

[hp_fa]

RSA made a business investment that has not, to date, paid off. It may or may not pay off. Do the investors in RSA really care about the employees of US Airways, or do they just care about getting money from their investment? Should the US Airways employees consider whether the RSA investment pays off before they consider their paycheck?

 

[javaboy]

This is not wind up... this is the truth..

"...
I, as a tax payer, will refuse to vote to keep such an innefficient opperation alive, when plenty other airlines can do so while giving back to the economy through corporate income tax, and not ask for hand out after handout, punishing the poorer taxpayers, taking money away from schools, police, and fireman...."

this is why its cheaper to You the taxpayers to offer aid to the airline industry .

1. using UAIR as the example (yet you could substitute any airlines numvers)

2. atsb loan 900million ( risk to US taxpayers 0.00) a. the money does NOT come from the US government but commercial lenders and is backed by the government .

3. should UAIR fail the 900m is backked by UAIR assets.

4. in the first 6 months post loan, UAIR paid just about 1.3billion in taxes TO the federal government

thus those that wish for the demise of UAIR figue those 28000 go from paying taxes to collecting unemployment, UAIR the company no longer pays taxes either

5. to the argument that other airlines will take UAIRS place, will they pay the same (which is quired to generate the same payroll tax) will they charge the same (to generate same federal tax) or at best will they fill the rest of their seats to get back to the black?

6. think this is fantasy? this is exactly how the government decided to grant then failing chrysler corp a loan....on the basis of year 1 the government collected more taxes from chysler than the amount of the loan.

it should not be used to prop up failing companies but should be used to help them get back on their corporate feet.