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View Diary: Bwahahahahahaha! American Airlines and Bain Capital. (282 comments)

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  •  Yeah, what you said... (0+ / 0-)

    Workers did have a say, but workers don't know what returns are going to be over the next 50 years either. You get the smart people to make a conservative guess. That's the best you can do. They're usually pretty close, but sometimes not.

    Now is sometimes for a lot of firms.

    To say AA should have budgeted more conservatively means they would have had to send cash away to a pension and not invest in the company (and keep up with their competition), potentially leading them to be outcompeted and run out of business all together by other airlines - resulting in massive AA job losses.

    It's a balancing act.

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