$100,000,000.00 stock buyback
Spirit Management is authorizing another $100,000,000.00 STOCK BUYBACK.
That makes $400,000,000.00 dollars of stock buybacks the past few years, ALMOST HALF A BILLION DOLLARS and these greedy SOBs offer a paltry $60,000,000.00 in a "Signing Bonus", are you F'ng kidding me?
Lets Summarize, shall we?
- Stock buybacks are basically a way for companies to increase their own pay without creating anything tangible. Why Pay your employees when you can line your own pockets off their hard work?
-They love to use the phrase, “We’re returning the cash to the shareholders”, which we heard today on the earnings call. What a bunch of BS. They are basically saying they have no new innovative ideas but I really want my bonus and I’m willing to sacrifice the future of the company to get it. We don't give a rat's ass about this company, its employees, or its employees family so F---- all of you, its all about MEMEMEME.
This company spends $400,000,000.00 on a stock that has been cut in half yet they cant offer us Scope language WHICH DOESN'T COST THEM A ******* THING?
They refuse to offer an Industry Standard LTD plan? I can guarantee you it doesn't costs $100,000,000.00
Profit Sharing you ask? This company would rather light money on fire than to give us Profit Sharing. Do you know what a fair profit sharing program would cost this company? NOT $100,000,000.00 a year. I can promise you when employees have a vested interest in the airline's profit, it makes a difference. Even JetBlue mgmt acknowledged this in their earnings call this week.
and here the NMB thinks We are being unreasonable? YGTBFSM
This company is always finding new ways to thoroughly disappoint its employees.....SMH