Public corporation?...shareholders hold an equity position. They are paid from profits in both dividend and share value growth.

No profit. They dont get paid.

Dont see much difference than the equity position we hold in roi directly from the profit line. In fact we get most of the upside of an equity position with none of downside.

Like a disappearing share value. Yes. We hold an equity position in the corporation so far as ps is concerned.

Now help me with the 11th and 12th commandments i guess i missed? Thou shalt never get an hourly rate increase without surrendering something else?

And thou shalt always recieve ever increasing pay rates?

Both are foundational to your calculation. And both were never handed down to us.

There is NO prohibition on retaning ps as is....in addition to negotiating a 10% hourly rate increase.

You are missing the importance of retaining the ps mechanisim in a pwa. Its not the specific dollar value in any given year. Or the transactional value in any given pwa amendment cycle.

Ps serves as an economic shock absorber for labor both going up, and down the economic business cycle. And we would do a huge disservice to our future pilots to entertain in any way diminishing yet again what we have.

Once upon a time pilots around here 'monetized' the hourly pay rate for yet unhired thousands of us.....all to satisfy their own mathematical calculation for compensation.

If its all right with you all...id rather not be a party to making that kind of mistake.