Originally Posted by JamesBond

Well this is very interesting. Perhaps we should think a little outside the box then in terms of compensation. How about stock options that can be exercised immediately if needed similar to management type options? I would take my upcoming PS completely in options of similar value in a NY heartbeat if that were available. In the vertically integrated corporation, we are becoming less wage earners and more stake holders/investors. Also as high wage earners, we max out 401k contributions relatively quickly in the year so we need another method of compensation that shields that from regular income taxation. How about having the contributions front loaded earlier in the year so that money is working sooner for us? I am sure there are myriad other ways to do this kind of thing.

Oh, and I highly doubt they will take the debt to zero. That doesn't make good business sense as it makes Delta vulnerable to hostile takeovers even with the high valuation. So even more to the point is that we are probably nearing a point where writeoffs will start disappearing. Interesting times ahead no doubt. I just hope we can start to think strategically rather than reactively to what has/is happening but I don't see it happening.