Originally Posted by
krudawg
For 2014, the Company will pay approximately 10% of total adjusted earnings as profit sharing to employees for adjusted earnings up
to a 6.9% adjusted pre-tax margin and approximately 14% for any adjusted earnings above that amount. Adjusted earnings for the
purposes of profit sharing are calculated as GAAP pre-tax earnings, excluding special items, profit sharing expense and share-based
compensation program expense. Share-based compensation expense for the purposes of the profit sharing calculation is estimated to
be $111 million for full-year 2014.
Cats and dogs.
Share-based compensation (a.k.a. UAL stock) will be lapped up by senior management and is NOT the same as the profit sharing pool for the minions.
Last edited by cadetdrivr; 01-21-2015 at 12:35 PM.