Originally Posted by
Schwanker
^^^THIS^^^
I understand we dropped the grievance on the 1-time currency write off as being a one-time charge. Going forward, ie 2016 Profit Sharing calculations and beyond, will such accounting practices with respect to our Profit Sharing be tolerated? Was this addressed?
This is huge when determining our profit sharing payout and has the potential to nearly make our profit sharing worthless. Do we have an agreement on these BS accounting practices going forward in determining our PS?
Years ago, we used to say profit sharing was worthless. We always said the company will always find a way to never show a profit. This makes me uneasy too. IMHO, 20 percent of the fuel hedge losses going forward are now taken straight from us.