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View Diary: Bwahahahahahaha! American Airlines and Bain Capital. (282 comments)

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  •  But the key thing is that (0+ / 0-)

    unions demanded the pensions. When the company is forced to choose between a continued strike and making a false promise, that's what you get.

    Employees need to own the risks (and rewards) inherent to the things they're investing in. The company can't moderate market risk, and it isn't going to reward employees more if investments outperform obligations. The answer here is that the company should ensure enough dollars are being put aside for employees' retirement, but the company should not be responsible for mitigating the risks of the instruments those dollars are invested in. That is a task they simply cannot do.

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