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Pensions / United Airlines #789499

ABC Evening News for Tuesday, May 10, 2005
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(Studio: Charles Gibson) Report introduced.

(Chicago: Dean Reynolds) The pension troubles at United Airlines examined; details given of United's plan that is before the courts that would shift responsibility to the government's Pension Benefit Guaranty Corp. {PBGC}; statistics on the underfunding of pensions & on the compensation/pension for United CEO Glenn Tilton† cited. [United executive vice president/CEO Jake BRACE†, United employee Carol KRAUSE†- offer differing opinions on the future for the pension.] [University of Chicago professor Douglas BAIRD†- raises questions.] The issues of pensions at other big companies, including the big three auto makers, & of executive pay outlined. [Flight attendant Sara Nelson DELA CRUZ†- reacts.]

(Studio: Charles Gibson, Betsy Stark) The implications for the airlines industry, the PBGC & the taxpayer if the courts back United's plan to dump its pension fund discussed.

Reporter(s):
Gibson, Charles;
Reynolds, Dean;
Stark, Betsy
Duration:
00:03:30

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