Judge Approves End of United Pension Plans

From the Associated Press. "CHICAGO - A federal bankruptcy judge approved United Airlines' plan to terminate its employees' pension plans on Tuesday, clearing the way for the largest corporate-pension default in American history." So the judges do it again. Just as they have always supported the airlines in the past. The only thing you have to do in this country to screw thousands of people is file for bankruptcy. Because you know that some judge somewhere will side with you. Ditch the pension plan. Don't pay the creditors. What is the incentive for keeping your word? Where are the ethics? It doesn't matter if you mismanage your company because some judge somewhere will tell the creditors and employees to get lost. I almost want to admire American for working their way out of there problems. Almost, although I can't really admire a corporation that is managed to a $350 million 1st quarter loss. Or maybe that is the genius of it all. Keep the company teetering on the verge of bankruptcy. That way you can continue to screw the employees. No new hires, no pay increases. Why would you do right by people if you know that some judge somewhere will do whatever you want them to?