Oh. There are plenty of callous whoppers that have no problem with giving it to the little guys. Here is a classic:
This is what really irks me. Shouldnt the powerful decision-making CEOs be the ones to suffer financially if the decisions that they make cause heavy losses and result in bankruptcy? It is sad when the little guy who does not have much of a say in a company gets in trouble when the powers that be make bad decisions. What is your opinion?
http://en.wikipedia.org/wiki/United_Airlines#Bankruptcy_and_reorganization
United took advantage of its Chapter 11 status to negotiate hard-to-cut costs with employees, suppliers, and contractors, including cancellation of feeder contracts with United Express Atlantic Coast Airlines (which became Independence Air) and Air Wisconsin (which became a US Airways Express carrier).
Most controversial of all, however, was the 2005 cancellation of its pension plan, the largest such default in U.S. corporate history (yeah, but I cant default on my promises to pay my credit card debt or my home mortgage). It renegotiated its contracts with the pilots' and mechanics' unions for lower pay; however, the Association of Flight Attendants resisted until the bankruptcy court ruled in United's favor. Criticism was also leveled at the CEO, Glenn Tilton, for demanding pay cuts from employees while receiving the highest salary of any major U.S. airline CEO.
What a creep! How could he get away with that?!
Well you will be happy to know that since the athletes and steroids hearings were so popular, congress has a new series for the spring..... CEO compensation hearings.
I'm sure that the general welfare clause covers this as well.