Originally Posted by
Dharma
404, I asked in a different thread for you to explain this from a similar post you wrote. Now I know what you mean. I think you are wrong. Management Incentive Plan, and Equity Compensation is not a floating, undefined value to be changed at management will.
It is clearly defined in the Annexes to the 10-K. I'm not saying it can't reach a high value, but it is defined and limited.
Agtually you are wrong to use rearward looking documents. Managements compensation in stock has ballooned with the stock buyback program. Richard anderson cashed in $130M+ this year. There are 2400 people in the management and executive pool.
DAL only started playing the stock buyback game and equity compensation for management recently. It has ballooned dramatically. Gerald Grinstein had 2.2million 10 years ago. Now, RA has cashed in $130M.
You push this as a fixed value against pilots profit sharing because you can lie anonymously on a webboard.