Originally Posted by
Hilltopper89
I'm just a <3 years on property line pilot so I know next to nothing. 2 things come to mind: it seems lots of FAs I talk with don't want a contract...on both sides. And I don't get how we're nickel and diming everything, don't have a technician or FA contract, but we're buying back stock.
There doing stock buybacks because that is what Delta was/is doing.
You see, if your mgmt with millions in stock and options for more stock, your best way to get a raise without a "raise" in salary is to use company money to buy back stock which notionally raises the value of the outstanding shares and options and doesn't get the notice of the employees and ire of the shareholders because they benefit as well.