Thread: UAL up 170%
View Single Post
Old 12-05-2024 | 01:56 PM
  #6  
Grumble
Gets Weekends Off
 
Joined: Nov 2009
Posts: 5,508
Likes: 109
Default
Originally Posted by Excargodog
I recall warning about the perils of creating a single point failure node by buying your company's stock. IIRC, United Pilots lost a bundle in their bankruptcy that way.

https://www.chicagotribune.com/2003/...less-ual-says/
You got F’d by a stupid judge. I did too.

Originally Posted by Excargodog
I recall warning about the perils of creating a single point failure node by buying your company's stock. IIRC, United Pilots lost a bundle in their bankruptcy that way.

https://www.chicagotribune.com/2003/...less-ual-says/
The legacy UAL pilots had no other investment options beyond the pension and their ESOP, at least not tax advantaged. They also were not allowed to sell until after the stock was worthless.
Reply
0