Originally Posted by OldFlyGuy

DL spent a ton on buybacks before 2006 BK. Best of times till they weren’t. Then couldn’t fund our pension. ESOP stock and options went to zero. Froze then terminated pension plan. Needed massive payouts to recover. Paid themselves massive bonuses post recovery and big raises while we fought for every nickel. Now DL goes from best of times to worst in 3 months time span. Spent ?10B on buybacks in 5 years. Could potentially file BK again. May ask for massive payouts and possibly attack non con pensions. Does anyone still want a pension tied to the corporation in any fashion and will they ever learn? Good luck. OFG. Retired. Gets every day off