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"We are troubled by AAL's wealth transfer of nearly $1 billion to its labor groups" - JP Morgan’s Jamie Baker That's pretty funny. Hijacking the "wealth trans
by tyingq 5y ago
"We are troubled by AAL's wealth transfer of nearly $1 billion to its labor groups" - JP Morgan’s Jamie Baker
That's pretty funny. Hijacking the "wealth transfer" phrase to describe a raise for workers.
- CPLX 5y agoIt’s the labor groups that created the fucking wealth in the first place. If they don’t still have it that’s the wealth transfer we should be keeping an eye on.
- quantified 5y agoYou haven’t bought the line that says the labor groups should be grateful to be able to create more wealth?
- salawat 5y agoHow could they? They probably aren't getting pay raises sufficient to keep up with inflation!
- bshipp 5y agoAnd from JP Morgan, of all companies. One of the numerous investment houses that took government bailout money and used it to give all their staff giant bonuses in 2008 and 2009.
- ulfw 5y agoThat's rich coming from a banker whose whole raison d'etre is wealth transfer to labour groups (people like himself living on fat bonuses)