Originally Posted by
Avroman
That is the whole purpose of a holding company.... it allows one to make money while the other can head to bankruptcy and play the game to continue squashing the fair share of work.
Yes, and this is how it also works in the airline world. Delta has shifted its earnings via accounting to show that its ancillary businesses make all the money. They then claim poverty come negotiations time, and you wind up with "cost neutral" contracts. The senior pilots don't think scope affects them, however, it is the single biggest issue by far.