courseofhistory
Rookie
- Aug 7, 2012
- 1,230
- 179
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- Banned
- #1
...of ethics and the law.
Once upon a time there was a little airline named Key. In the vast destert of Nevada the Charming Prince Romney of Bain Capital purchased this little distressed airline financed soley through debt. Prince Romney was a 5% stock holder and a director. Key airlines pilots and others were concerned with safety shortcuts and low salaries and wanted to form a union to address these issues. Management said, "oh, no." (our personal profits would decrease tremendously).
There followed an unlawful attempt by Mr Andrews and Key management, in the words of District Court judge Roger Foley, “to stamp out any cockpit crew members’ union before it could come into being”.
Bottom line is that later that year Mr Goodwin and Mr Schlang sued their former employer for violation of labor laws and in 1992 the court found Key management at fault and awarded the pilots $500,000 of punitive damages.
SEC records show that Mr Romney was a director of Key Airlines when the company was finally sold. Mr Romney’s campaign declined to comment on this or other financial questions about the Key investment.
Tsk, tsk, Prince Romney. More people you screwed in order to help you attain your wealth! On the backs of the little guys!
LINK
Once upon a time there was a little airline named Key. In the vast destert of Nevada the Charming Prince Romney of Bain Capital purchased this little distressed airline financed soley through debt. Prince Romney was a 5% stock holder and a director. Key airlines pilots and others were concerned with safety shortcuts and low salaries and wanted to form a union to address these issues. Management said, "oh, no." (our personal profits would decrease tremendously).
There followed an unlawful attempt by Mr Andrews and Key management, in the words of District Court judge Roger Foley, “to stamp out any cockpit crew members’ union before it could come into being”.
Bottom line is that later that year Mr Goodwin and Mr Schlang sued their former employer for violation of labor laws and in 1992 the court found Key management at fault and awarded the pilots $500,000 of punitive damages.
SEC records show that Mr Romney was a director of Key Airlines when the company was finally sold. Mr Romney’s campaign declined to comment on this or other financial questions about the Key investment.
Tsk, tsk, Prince Romney. More people you screwed in order to help you attain your wealth! On the backs of the little guys!
LINK
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