Originally Posted by
D Mantooth
Serious question:
Would you trade 10% lower payrates for 10% higher profit sharing?
I certainly wouldn't.
So why the angst over a "rumor" of the converse? How did profit sharing become some sacred cow, when for many years on many properties it was worthless? Shoot, I recall the derision when it was negotiated in the first place.
I'm all for keeping the top end of profit sharing. It protects us from looking like schmucks if the company is wildly successful. But why wouldn't I trade some of the bottom end? It's a defined number. Give it to me in my payrates.
It seems many here are making the mistake of believing these good times will last forever.
I'm all for exchanging a "probably" dollar tomorrow for a "definitely" dollar today.
I think we all agree with the concept of "monetizing" PS. What most of us don't agree with is calling "monetizing" PS a raise a month after they approved 5 BILLION in stock buybacks and increased dividends.
How about we settle the TA without touching PS. If they want to monetize PS we can do that via the LOA process once we agree on a contract. We shouldn't be doing this inside the section 6 negotiations. I think we all said that in our contract surveys which obviously mean nothing.