Originally Posted by
dalad
All so true, the stock buy back is already yesterday's news. If they had spent a fraction of the money on supertugs for every hub, and a replacement for the MD-80's it would have been $ well spent. RA and his minions aren't looking so smart anymore. Blowing billions on stockbuybacks and fuel hedges to go along with a now questionable refinery purchase. It's starting to look like RA and the boys are only interested in lining their pockets long term. If they wanted to reduce the stock float why not do a reverse 2 for 1 or 4 for 1 split? I know, Wall Street would hate that but the effect would be only temporary as all things are.
I'll go along with this. With Leo, the mechanism for enrichment was making compensation tied to cash on hand. Now, it's the stock price. AFAIK it just happens to be the metric that best correlates to executive compensation. So THEIR Step 1: compensate executives, Step 2: compensate Wall Street.
I don't think there is really any confusion on this. Of course, it has nothing to do with a TA. OUR Step 1 involves our family, and pilot group. We have no legal way to prevent stock buybacks.
We DO have the ability to think for ourselves, and decide whether therecan be a deal that allows multiple Step 1's to be satisfied.
You can't tell from the last pages of APC, of course, but this is theoretically about the pilots making decisions.