Originally Posted by
D Mantooth
Manager,
I think you might be forgetting part of my proposal. If we can trade a percentage of it, that's easily quantified. For example, under the current system, the first $2.5 billion of profit yields 10% to the employees. That's $250 million. The pilots get roughly a third of that. We'll round up and call it $85 million. IF, after we negotiate the total value of the contract, management proposes to convert that $85 million to pay rates while keeping the upper end percentages intact, that to me is a no-brainer.
This way, we get guaranteed rates while ensuring that if your scenario comes to fruition and the company makes $12 billion (Please God!), well participate in that, too.
The question will be two parts.
What are our pay rates without the PS buy back in your scenario? Is that rate except able in today's profitable environment and measured against a 6,000,0000,000.00 dividend and stock buy back program?
Are we getting a true 1:1 ratio? I would expect that at a minimum.
Personally, I would want to see more. 1:1.5 for helping to solve their PS "problem."