sharktooth
Veteran
- Jan 27, 2006
- 1,846
- 0
One, Davis never "controlled" the MEC. Witness his failed efforts to get "Metro-Jet" called a "b-scale", among other issues.The Retirement Committee advised the MEC years before the first bankruptcy that they should consider freezing the plan.
The MEC, controlled by John Davis, refused.
Two, why ever would a Retirement Committee advise an MEC to freeze a retirement plan "years before" a bankruptcy? and, what happened to you and your friends on the MEC when the company put no money in the retirement plan for five years? Why did not your MEC friends act when the company asked to freeze "the plan" as there was a group on the MEC who preferred termination to a freeze.
Fact is, the MEC forgot who they were.