Tuesday, May 10, 2005

I just don't get it

With CEOs' salaries skyrocketing (even after all the scandals involving over-compensated corporate managers), it turns out that the workers' pensions will fall to the axe because of United Airlines' bankruptcy reorganization. Result: its defined-benefit plan will pay $800 per month as a pension to an employee who'd been promised $1700.

Isn't it time Americans woke up to what's afoot in America? Apparently not, so long as the same companies that are sucking up our money own the media that doesn't report it.

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