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Old 03-02-2012 | 01:53 PM
  #91265  
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Ferd149
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Joined: Apr 2008
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From: LAX ERA
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Originally Posted by TheManager
This idea was floated by a former high level rep.

His point was that Wall Street and the Company would choke on a raise of anything more than 15 % and that we needed to look at alternative means of securing income.

To me it did not make sense as I ran the numbers quickly in my head to close the gap between his 15 and my minimum raise number that is close to double his stated %age. Not a math whizz, but that would be alot of shares at the current 8-9 range being granted.

That would then dilute the outstanding shares once they began issuing more shares to cover their grants. Now Wall Street would really choke.

My suggestion was to substantially boost per diem to lets say $10/$15 hr or so. Non Taxable as it stands now but don't know how the Gov't would like that. You could use a robust per diem and a 15% raise as the published rate and get close to closing the restoration gap.


Ideas anyone?
Why I've argued that in addition to xx%, we argue for increased rigs, duty period credits and a MINIMUM DAY (vs average day).

Better work rules may also be better hidden from the me too types.....or maybe no

Ferd