I agree with what you say, but what compensation is not at risk?
1000 + guys got furloughed with a no-furlough clause.
We had great contractual pay rates from C-2000 - did they survive?
Even after we took a voluntary 32% pay-cut to avoid BK we found our pay
"at-risk" to the tune of another 14%.
We get it. PS is at risk. If we foolishly decide to monetize PS thinking all compensation is not somehow at risk, lets keep it separate from section 6.
I for one am willing to accept a certain percentage of "at-risk" pay for a few reasons:
PS is tied to profits. Does anybody think if we are subject to a Black Swan event that would permanently affect our profitability that all compensation would not be at risk?
Do we really want to monetize PS because we may not be profitable every year?
The industry has drastically changed. We have been making record profits in a down economy. The company is much leaner and we are much more productive. I am not saying we will always be profitable but its not the 1980s or the 1990's anymore.
Scoop
Last edited by Scoop; 01-14-2015 at 04:35 PM.