View Single Post
Old 07-25-2017 | 02:22 PM
  #6  
Hank Kingsley
Gets Weekends Off
 
Joined: May 2015
Posts: 2,960
Likes: 0
From: Power top
Default

Originally Posted by Karnak
You don't get it, or you don't agree with it?

Maybe the business sense is the goal of strengthening key revenue sources, and lowering the cost of capital. The "to do" list at Delta has several items. The prioritization of those items might be different to us as pilots than it is to others who're accountable for all items on the list.

If you believe the corporation's primary purpose is to make shareholders happy, then describe how the company's current prioritization of the "to do" list doesn't serve that purpose. Show your math.



It's not like that at all. The "guy" in this case is making between 5 and 6 multiples of his debt. He's taking some of his profits...after paying his employees industry-leading profit sharing...and buying far-from-worthless stock back. The "lottery ticket" analogy is bad because the billions you reference being spent in LAX and LGA represent investment far more certain than the odds involved in lottery games.
Not so fast. Stock buyback schemes are controversial. Frontline employees see exactly where money could be spent. And I don't mean in our pockets. I could start a list, but it's the same as yours.
Reply