Creative Accounting Could Lower Health Costs
In 2003, back when Continental Airlines (Charts) was losing its shirt, Gordon Bethune, its salty CEO, got sick of hearing that upstarts like JetBlue (Charts) had created a new business model that would bury the industry's dinosaurs. So he had his CFO recompute Continental's earnings assuming the company had (like JetBlue) a much younger workforce - and thus much lower health, pension and related costs.
Print
Email
Read more here.
This article was originally published in Fortune.
To speak with our experts on this topic, please contact:
Print: Suzi Emmerling (foreign policy and security, energy, education, immigration)
202.481.8224 or semmerling@americanprogress.org
Print: Jason Rahlan (health care, economy, civil rights, poverty)
202.481.8132 or jrahlan@americanprogress.org
Radio: John Neurohr
202.481.8182 or jneurohr@americanprogress.org
TV: Andrea Purse
202.741.6250 or apurse@americanprogress.org
Web: Erin Lindsay
202.741.6397 or elindsay@americanprogress.org
Site-Wide and Issue-Specific RSS Feeds