Originally Posted by
D Mantooth
The bottom tier of profit sharing has a defined value. If we monetize that into payrates, the absolute worst case that would result in is breaking even. We couldn't lose money (which we easily could if we kept it as is and the company started doing worse). Keeping the top end ensures that we participate in any upside. It's a win/win that way.
I don't know if that's what the TA did. But I do know that's what I hope they did.
Once again, you are only right in the short term. When bad times happen, and they will, our "not at risk" PS monetization will become very much at risk. Yet in good times or in bad, we will never get back this level of PS under any circumstance. PS concessions from now on are a one way check valve.