Originally Posted by
pilot64golfer
So if 10% of your profits go to profit sharing, and you only have an 8% penalty to pay down debt early, its a better move to pay down that debt and lose the 8% to the creditors than to pay the 10% to employees.
I don't know the exact numbers, but profit sharing is an expense to the company, not a benefit to them.
y
I'm not getting what you are saying about 8% penalty. Howard claimed it saved the company money.
In any case, I guess they could have pre paid or book an additional 1 billion of interest in 2014 and had to pay NO profit sharing.