The Chicago Tribune ran front page articles today on just how badly the airlines are performing – looking at plane crowding, delays, lost baggage and customer complaints
In May and June IBM, WalMart and Home Depot announced share buyback plans of $50Billion
The reality is that businesses either grow or die. Businesses exist in a competitive marketplace.
UAL has literally traded its future for today. Management is de-investing in order to produce current profits, while simultaneously asking employees to sacrifice in order to keep the company alive.
Sir Richard made more than a billion dollars from Virgin Atlantic.
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