But, the pilots say they want stock, stock options or a profit sharing plan in return for the cuts.
On the other hand, one participant, dressed in a shabby suit and a bright tie, was asked how he would fund a construction project, and replied, vaguely, "Don't banks do that?" Another was surprised to learn that international backers usually expect interest or profit-sharing in return for risking their money.
He will give up his controlling class B shares in return for 7.5 percent of the company's class A shares.
Bondholders will get 98.5percentt of the shares in return for £3.5 billion ($5.6 billion), Telewest said in a Regulatory News Service statement.
Marvel's chief executive, Ike Perlmutter, will be the largest personal winner, scooping $1.4bn in cash and Disney shares in return for his 37% stake in the business.
The Wool Partners Co-Operative is offering farmers shares in return for their "strong wool" fleeces in an effort to corner 16% of global supply and wield power to control prices.
Eventually, Mr Murdoch hopes to overcome the impasse by buying back Mr Malone's shares in return for one or more of the group's assets.
A marketing consultant was then brought in with a view to a small equity share in return for helping establish initial success.
Last month, the company began a bond swap, offering investors preferred shares in return for their accepting lower face amounts on their bonds.
If a company had granted options at $20, for example, and the stock was now trading at $10, it could give employees outright ownership of a smaller number of $10 shares in return for canceling their $20 options.
Osborne's flagship plan for workers to be given company shares in return for abandoning their employment rights, to be confirmed on Wednesday, has already been rebuffed by business leaders.
