IMO, they prefer as few as possible leave right now as they need every able body to cover their increasingly ambitious willingness of covering others flying. In the past, yes, the "Dear Eric" mentality of trying to encourage senior captains to leave to bring down pilot costs was in play, but now they need every piece of flying furniture to burn. Let's face it, the money the company is throwing around is for THEIR benefit and not the pilots per se.

They know most pilots will leave anyway for a legacy or LCC, but not make a lateral move to another regional no matter how bad things get and most will blindly follow that delicious carrot -the flow, so throwing more money at present pilots is a waste, at least for now. In fact, most will focus so intently on the flow, they'd walk off a cliff in the process (and reading posts here and on EL, appear to be doing just that). Look at all this bonus money. It's for attracting new-hires (their conundrum) and NOT for demonstrating worth to those already on property (the pilots conundrum),

Even the bonus money for present pilots is an investment for them to get new-hires to Envoy for the most part. Once a pilot is at Envoy and rakes in all that $$$, they get slapped with a pay cut starting year 2. The shiny new baby airbuses are all going to new-hires (along with their better schedules), while more senior Envoy pilots suck eggs. I read Pool's letter and it sounds to me like it was penned by management and he just signed it. The extra $$$ is a nice thing, sure, as who doesn't want extra money, but make no mistake, from my POV, nothing has changed there and nothing will change their as the components needed for that just don't appear to be on the radar screen.

I really don't think it matters much anyway at this point as the well is too dry to make a difference and scraping a little more rusty muck from the bottom of the barrel wont materially alter the present course or destination.