Originally Posted by
80ktsClamp
We squeaked in above 2.5 billion at around 2.7 billion. Let's do the math:
15% (pre C2012) of 2.5 billion is 375,000,000 vs. 10% (C2012) of 2.5 billion is 250,000,000.
20% (the amount above 2.5 billion) of 200,000,000 is 40,000,000.
415,000,000 (pre C2012 concessionary value) is more than 290,000,000 (C2012 value), right?
That works out to be about a 6000 dollar reduction for me.
That is a 30.2% reduction in profit sharing money that we could have had. We gave up something we didn't need to give up in C2012. Trying to spin it any other way helps the DPA.
edit: I can't remember if pre 2012 it was 15% for all values. Just to cover my bases, that would have been 405 million vice 290 million, yielding a 28.4% reduction in payout in C2012.
You mean if we had just asked we could have kept the higher profit sharing? I wish I had known that!
On a more serious note the numbers above are also wrong. We had 3.4 billion in profit per the agreed method of accounting. I am surprised since all the company had to do was ask, they did not change it to the actual profit reported. That would have knocked the profit sharing checks down even more!