Matt Levine, Columnist

Airlines, Poker and Disclosure

Also taxes, operational risk, Harvard, duration, buybacks, etc.

May 1, 2017 at 1:16 PM UTC

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of Appeals for the 3rd Circuit; and an editor of Dealbreaker.

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Airlines.

Last week, American Airlines Group Inc. offered its flight attendants and pilots pay raises of about five percent and eight percent, respectively, and Wall Street research analysts reacted like cartoon villains: