Why would we reduce profit sharing when our execs are returning $6 billion to the shareholders in 30 months?
In addition to their 700% plus increase in compensation since chapter 11, this buyback makes their millions of shares much more valuable.
They know how to negotiate. In this environment, they have us on the ropes and more than willing to make concessions and fund our own hourly increases with reduced profit sharing.
We are in way over our heads.