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United Exit Plan Continues to Rile Up Union

Law360 (January 17, 2006, 12:00 AM EST) -- Less than a week after bankrupt United Airlines settled a dispute with its unsecured creditors committee over details in its reorganization plan, the airline faces persistent objections over issues it did not resolve with its flights attendants union.

The exit plan, most controversial for its proposal to distribute 8% of the stock in the reorganized company among 400 top managers, has angered the union even as it slashed the stock incentive from an initial 15%.

The Association of Flight Attendants expressed outrage last week over the...
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