Originally Posted by
Flamer
Nope....i appreciate your comments. I would say a contract is a contract. If the intent was to give workers profit sharing only as a token of good will with the expectation of never having to pay a significant amount then I would say that was an incorrect assessment and fairly onerous. The company tried to buy low and sell high with the PS payments. It backfired. Now, it is looking like (for the second contract in a row) we are going to be tricked into buying high and selling low.
For another thread, but it's an American problem. Paying shareholders and execs ludicrous amounts of money is fine (even during no profits).....but giving a fraction of ONLY THE PROFITS to employees is not cool.
So personally, I don't care what wall st thinks about our PS. Actually I don't think they care about it as much as the union and mgt want you to think they care about it. But I understand it is a concern.
All fair points. I can't argue with any of it, and believe it or not, I really have no desire to do so. Thanks for a mature response.