Originally Posted by
orvil
I completed the survey. I was disturbed by the questions about stock and stock options.
If you were on the property prior to 2000, you have already had your fill of stock options. Put it in my paycheck. I'm still papering the wall with stock options from a bankrupt company.
I feel the same way about profit sharing. No need to negotiate any changes to profit sharing. It's no risk to the Company. It's all risk to the employee. The Company only pays out if there is a profit. The employee doesn't get diddly squat if there isn't a profit.
I'm not quite sure where all the angst is with the profit sharing discussion. Some of you think you are important to the Company. You are not. You are a cost, an employee number. Profit sharing does not change how I safely conduct my business day. It shouldn't change how you conduct business either. I rarely agree with Sailingfun on anything. But, I have to concede his arguments about profit sharing.
Let's concentrate on better work rules, better insurance, better retirement, and working less. Profit sharing just isn't that important.
I disagree. I believe that profit sharing gives us an opportunity to earn more during good years than we could achieve with hard pay rates, albeit at the risk of earning less during bad times. The overall results, if done properly, would reward us for that risk just as investing in the stock market can provide higher returns than CDs.
Stock and stock options would be OK with me provided that they could be immediately exercised or sold and that the strike price were favorable in that regard. IOW, more like what we received in the JCBA and nothing like what we got from POS96.