RE:RE:RE:RE:RE:Pilot deal getting close Just to clarify regarding a corporation's officers and directors' fiduciary duty; it's a duty to "the company". So yes this takes into account the general fair treatment/well-being of employees, but there isn't a duty to some of the external stakeholders; moreso they need to manage the company's effect/impact on - and reputation with - those stakeholders.
wkrpradio wrote: jjwilson wrote:
The employees have a greater long term interest in the health of the company than anybody in management.
You yourself told me that management skills are completely portable and that they can (and many do) leave at any time for greener pastures.
It's not all uncommon for pilots, flight attendants and other employees to retire with 3 decades or more of employment - we got 5 years out of Milton, 5 years out of Brewer and Rousseau is coming up on 5. So, who's got a greater interest in the health of the company - someone who expects to stay for 30 years or someone who expects to be shopping for the next gig after 5?
<br /> That is a really a poor analogy. You are missing the fact that management has a fiduciary responsibility to all stake holders, even the unhappy pilots. The shareholders, debt holders , all employee groups ,the contractors , the flying public , freight forwarders and countless other identities depend on the solvency of the corporation. To jeopardise the financial well being of the corporration solely for the unrealistic demands of one group is irresponsible.