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Old 05-12-2020 | 06:30 PM
  #288  
Itsajob
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Originally Posted by GolferNJ
You sound like a high schooler describing corporate governance. United has many other stakeholders beside share holders. But, if you're right than we are doomed now and the many future furloughs to come.
There are other stakeholders, but United is just a business, and is here only to make money for those parties. We are just employees and here only because we are necessary for this place to profit. If the business shrinks, so does our necessity. I’ll agree that the stock buybacks were not the way to have spent money, especially now with the benefit of hindsight. The company however, has no obligation to support us during downturns other than to preserve their profitability. If during a downturn it makes financial sense to keep people employed, they will. If it makes financial sense to furlough workers to align cost to revenue, then they will follow that path. It’s not personal or vindictive, it’s just business.
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