Originally Posted by
Carl Spackler
First of all, they didn't "ask" for anything. They told our guys this is how it's going to be...or you're not going to like what plan B is.l
Proof, please, as this is not at all what I heard from my reps.
Originally Posted by
Carl Spackler
It was not a fixed amount..."essentially" or otherwise. The reduction we accepted was 50% above ~2.5 billion. That makes the reduction variable depending on the amount of profit above ~2.5 billion.
What on Earth are you talking about here, big guy? The employee group went from 15% of PTIX below $2.5B to 10% of PTIX below $2.5B. We still get 20% of PTIX above $2.5B.
I agree that the reduction is variable, but it ranges from zero (if Delta has zero or negative PTIX) to $125M (if Delta has at least $2.5B PTIX), and we lost about 35% of that amount. But we all still share in the same 20% of PTIX above $2.5B.