Originally Posted by
ERflyer
$200,000 X .215 = $43,000
I used $244,000 X 21.5% = $52,460
PTIX this year is about $6B with a payout of about 22%. Next year profits are supposed to increase so even if the payout would drop to 15% with the new formula at $6B. With the increased profits going to $10B PS will go back up to 22%+ IMHO
Where do you come up with 21.5%? Based on the company's own numbers for the duration of this contract, you need to subtract out the profit sharing "raise." That's robbing Peter to pay Paul. It's a wash.
$200,000 x .1575 = $31,500 in the LAST year of the contract. Not even close to your $50,000. Do you really think we will not get a new deal by then? Yes I know that's possible but I'd lay odds we will have a deal before then.
Denny