Originally Posted by
slowplay
At the road show they said it's the 0.74%, or $17million for the pilots portion of the pool.
6% is actually a premium for profit sharing at any PTIX level above $6B. From $0 to $6B the pay rate change actually pays more.
Check my math here, those numbers still don't add up quite right...
Our slice of the total company PS pie was ~38% last year.
The total pie was approx $1.1B (big pie) so our share would have been ~$418M
So based on the revised PITX definition alone, if our profit sharing slice would decrease by $17M, isn't that just over -4% ? ( $17/$418)
What am I missing? Where does the road show number of only 0.74% come from?
(I like math checking, but the blame here could be entirely MY math)