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Old 06-08-2015 | 09:53 AM
  #6265  
EdGrimley
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Another note about profit sharing in terms of what it's worth. A lot of the initiatives Delta had when coming out of BK received a good chunk of money up until this point (billion dollar terminals, billion dollar customer support training for frontline employees, paying down debt- which could soon hit zero and be a massive reduction in interest payments, etc). The debt and misc items that needed to be serviced will drop dramatically, increasing profits.

Some (including our union) have been pushing a campaign of "at risk" profit sharing with the notion we should discount it for so called "sure thing pay" (there is no such thing btw). It may well be the other way around....without the drag of above mentioned items, profits may be ready for a big leap into the stratosphere. $1 profit sharing today may actually be worth $5 tomorrow. Yet we've got folks trying to sell it at a discount. What will they say 2 years from now when everybody realizes we got snookered? "We didn't see profits getting to that level and your union got you a big win (insert carefully cultivated data that leaves opposing data out).
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