On Thursday July 29, 2004, an official of the U.S. Dept. of Labor
Employee Benefits Security Administration (EBSA) responded to the June 18, 2004
letter AAG employee board candidate Steve Nieman wrote to U.S. Attorney General
John Ashcroft alerting him about voting irregularities at stockholder meetings
over the last two years at the AAG. The official asked Mr. Nieman to collect and
mail to him additional documentation as the EBSA prepares to conduct its investigation.
Among many responsibilities, the EBSA is empowered to enforce provisions of ERISA,
the Employee Retirement Income Security Act, the 1974 legislation that created
401(k) programs across the nation. As this government investigation unfolds, we
will update readers of votepal regarding what happens, and what changes will occur
in the future so that shareholder rights of 401(k) plan participants at Horizon
Air and Alaska Airlines (and 401(k)ers at all U.S. companies) are protected when
voting for legal SEC candidates of their choice. Remember: ownership deals with
rights, not just the physical possession of what's owned.
If you can't exercise the rights of what you bought, have you bought anything?
except put your money in a dank hole in the ground you can no longer locate? If
you don't assert your rights, do you have any? Many of you employees who are still
hiding--is it lonely in your foxhole? If you want to secure your job and pension
at Horizon Air/Alaska Airlines, its time to climb out into the sunshine and participate
in processes that makes the U.S. great through the rule of law so that we might
all relate to one another in peace and watch ours and our family's lives prosper.
Management puts their pants and pantyhose on just like employees do. Stay tuned.
Life's an adventure...