Originally Posted by NuGuy

Heyas,

I think this illustrates the futility of bargaining with management to try to save a company. 3-4 years of reduced earnings only to result in a abrogated contract anyway. The time value of money makes this brutal, and thats before you consider the loss of any deferred compensation, like a retirement that gets thrown away.

A better strategy is probably a "max pay to the last day" plan, and negotiate a short term BK contract, then an aggressive follow up contract.

Nu