Originally Posted by
Rabid Seagull
Outsider looking in...
We all know DAL will make lots-o-profits in the years to come ( as of today, anyway). If your TA gets voted down, you keep your current profit sharing formula? What stops RA from using/ hiding that profit in the future to "stick it to you"? Any oversight?
Lordy knows all my previous companies have used/ bought/ built/ invested in questionable ideas to "use" profits...
1) Reuters/Delta Air Lines Inc (
DAL.N) is hoping to strengthen partnerships with carriers in
South Korea, Mexico and Brazil, and it has been approached about investing in Japan's bankrupt Skymark Airlines, Delta's president Ed Bastian told reporters Monday.
2) training centers
3) buying regional/ global airlines
4) buying hotels
5) etc
( not an ad for a yes vote in any way, good luck)
Delta has a "too much cash" problem. They've already been trying to balance it as best they can by accelerating debt repayments and then of course, the recent $5 Billion stock buyback. All of this is positioning to drive the stock price up to its $60 target estimate. If they want to spite the pilots they in theory could take on more debt but RA is a business man. His equity in the company is worth way more than ours. He would only be driving down his own payout when he retires if they purposely miss estimates and tank the stock price.