Senator Charles E. Grassley (R-IA) states that United Airlines was wearing blinders
Grassley states that the "blinders" put on by United Airlines cost their employees 9 billion dollars in lost pensions. (:30)
June 8, 2005
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- Glenn F. Tilton states that without termination and replacement of pensions, United Airline’s future would disappear.
- Ms. Patricia A. Friend, International President of the Association of Flight Attendants, testifies to the committee that this issue has an important human dimension.
- Senator Charles E. Grassley (R-IA), Chairman of the Senate Committee on Finance, opens hearings on United Airlines. He compares United Airlines’ decision to end employee pensions to Enron’s accounting practices.
- Mr. Bradley D. Belt, Executive Director of the Pension Benefit Guaranty Corporation, testifies to the Senate Committee on Finance that much has happened to bolster the case to enact the Bush administration’s reform proposal as promptly as possible.
- The end of pensions
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