Originally Posted by
baseball
I've heard the various reasons why management may want to buy back stock.
But, why sell that much stock in the first place if you just want to go out and spend money to buy it back? I don't get it. Why not have some planning on how many shares to sell?
The employees won't be very forgiving to management for putting us in this situation. They didn't need to put is in a deep stall and I get it, the government doesn't feel obligated to make the tax-payers bail them out. Moreover, unionized labor doesn't feel like bailing management out again for poor planning and giving away our financial cushion. it's management's job to plan for down-turns and put us in a position to weather any storm. They failed to protect us. We put allot of faith and trust in Core4, blah-blah-blah. Where was their Core4?
Could not agree more. However, contrary to popular belief amongst pilots, management generally tries to avoid filing for bankruptcy. It doesn’t look good for them, their careers, or their legacy.