It All Depends On What The Meaning Of...
18 April 2003
... ’CHISELING’ IS. Chiseling business people have long been considered the sneakiest and most untrustworthy to work for. In this age of explosive corporate scandals, you’d think the execs at American Airlines would know better than to try to further widen the income gap between the executive ranks and the labor unions. Instead, they tried to sneak something by and got caught.
Fortunately, the flight attendants picked up on the SEC filing and went public with their frustration. This leaves a cloud of ill will between labor and management which may ultimately bring about the bankruptcy that everyone was being asked (by the executives) to help them avoid. That’s chiseling.
Filed under: Investing