Originally Posted by
Denny Crane
Vikz09,
Don't know the answer to your question but just wanted to point out that the 20% only applies to the amount of profit over $2.5 billion. The 10% still applies up to $2.5 billion.
Denny
I'm not sure that is right Denny. I beleive once we hit 2.5 billion then they pay 20% of PTIX into the profit sharing plan. If we are under that, then they pay 10% of the PTIX into the plan. I remember someone saying that the profit sharing cost would double if we went over 2.5 billion.
It's also very hard for them to manipulate the numbers to lower the PTIX numbers. I'm not an accounting expert, but paying down debt or buying more assets goes into the equation after the PTIX calculation.