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Old 05-20-2016 | 04:28 PM
  #67  
WhatNow
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Originally Posted by notEnuf
Just plain wrong. Last year would have been 24+% if it had been accounted for properly. Who changed the accounting practices?

Your trust in managements good will and promises are misplaced and dangerous. Not changing the formula allows a benchmark for the future.
I would love to know where your numbers come from. The dispute from last year was in two areas. The one of importance was the company writing off Venezulian debt which totaled 188 million dollars. There was a second area concerning severance payments that I believe brought the total to 200 million. If we win the grievance the company will have to add 40 million dollars to the profit sharing pool for last year. 20% of 200 million. The pilot share of that would be about 14 million or just over half a percent more in profit sharing. It will be a nice little check when we win but nothing near 4%. To generate 4% extra the amount being grieved would need to be well over 1.5 billion dollars.
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