Delta Stock Price and our Profit Sharing
The Devils in the details.
Most of us missed this one.
The Profits the company gets for an increase in stock value that we currently get paid out on through the Definition of pretix for profit sharing would have been removed in the language put in the failed TA.
This is going to amount to a huge amount this year and in the coming years due to the stock buy backs and increase in dividend both designed to increase the stock value.
I believe the biggest concession in the failed TA was this recalculation of the formula for profit sharing. The Managements Stock bonus carve out and the Equity section carve out mentioned above.
MORE LIGHT NEEDS TO BE SHED ON THIS