Originally Posted by
Purple Drank
Let's get a viable TA without touching profit sharing. If it passes, then we can come back and talk about trading profit sharing. Then we know exactly what we're trading for.
It has to be a separate transaction.
I don't disagree with the validity of this approach, but this TA (and c12 for that matter), were very explicit wrt to what was being traded for PS. It was a 6% pay boost in exchange for a max loss in PS of around 6%. If that was contained in a completely isolated LOA, would you think it was a good idea or not?
After that, the only question to answer about the TA was- is a 15% pay raise worth the gives included. I can easily see why guys would say it wasn't. The gives were high profile and likely to elicit strong negative responses from the group regardless of what the costing info said.