Originally Posted by
forgot to bid
So, how about a 10% reduction in PS for a 7% raise vs say 0% raise and 20% PS? Which is better? It's a subjective call when you don't know what the profits will be, so which iyho is better?
Great question. Everyone will have a different answer based on their risk tolerance.
I'm (while not young at all anymore!) still on the younger side of the pilot group, and am bullish on the company's short-term future. I might be more risk-tolerant than someone with fewer years left to retirement.
If it's a one for one trade, I think it should be a no-brainer.
I guess it's all academic until we find out if profit sharing was touched at all.
I posted the question because I was curious how it became a sacred cow, when a few short years ago it was ridiculed. I also find it ironic that many of the same guys who helped negotiate it are now viewed as incompetent boobs!
I for one am glad we got it, hope we keep the upside, hope we monetize a percentage of it, and am grateful to the people who had the foresight to get it. I'm also glad that many of them still work on our behalf.
Cue the "you're a stupid Alpa-holic" chorus!