Originally Posted by
TheManager
And concerning the pensions, laughable to think anyone here would even entertain that. As I recall (before your time) there was a vocal group wanting to get the pensions in our own names, like AMR.
DALPA rejected that idea in the late 90's/early 2000 time frame. Why? Their reason was that the pensions were overfunded and the need to protect was nil. The claim was there was a greater risk in having the pension in our own names than having Delta administer it.
Bump to this post right here because it's so important. This is yet another example of the worst strategic thinking and decision making. That decision to not put the pensions in the pilots' names cost Delta pilots BILLIONS of dollars that will never be recovered.
When will this kind of monumental strategic failure be dealt with by firing the most incompetent vendor in my memory...ALPA.
Absolutely unbelievable.
Carl