Originally Posted by
Oberon
Why would we give up $1 billion? Some want to move PS to pay rates and most seem to want to keep it as is; either way we still get the money.
You're assuming we could monetize pay rates accurately based on unknown future profits. We can't. Even if we tried to err on the side to ensure our pay rates definitely equaled future profit sharing, what possible incentive would there be for management to do that? They would just keep profit sharing where it is.
Management doesn't want to give up the money that is about to be required from the profits that are about to come. They have that forecast...we don't. This is why any foot dragging could inure to our benefit.
Carl