Originally Posted by
Meat Fighter
Is profit sharing a viable option in future negotiations? I know it's not necessarily linked to the retirement discussion, but would open up another avenue.
I think a hybrid model that we currently have mitigates risk. Wouldn't a course of action with a higher Pk of success such as an increase of the B Fund with cash over cap be a better approach than using our negotiating energy to try and muscle out an increase in the A Plan, which they have made crystal clear they are not willing to budge on? Just thinking out loud here.
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One must be very careful in any profit sharing agreement. The company decides exactly "what" the profit is. There are a plethora of accounting methods that can legitimately and legally declare little profit as the company squirrels cash away. "we had $XXB revenues, $2B share buybacks... and write downs and special charges of XYZ, so our profit is zero- sorry employees.