Originally Posted by
Std Deviation
It’s a business for JB as well. Some of us here have signed the front of paychecks, not just the back. Make no mistake I’m not happy about the profit sharing. As a 320 FO on 5 year pay I got $310. But you can hardly call it theft or stealing when it wasn’t negotiated into a contract. I’ve owned 3 companies. My profits are my profits (kind of the point of starting a business no?) unless I agree to share it in writing with those that work for me. If it was a contractual obligation that was repudiated I get the anger. In this case the terms of the agreement under which we operate were fulfilled.
I agree. The profit sharing issue is uniquely our fault for accepting a substandard mediocre contract because we accepted cliche status quo excuses. I simply am supremely confident that we could have negotiated substantially better had we been much, much smarter.
Also, about the purpose of a business... there is no law or rule saying that a company has to be run primarily for profit. I know that is the American preconceived notion spread by corporatism, but that is not the only way. If chick fil a wanted to make more profit, they could open on Sunday too and join the leftist elite.
Personally, if I ran an airline, i would run it for the primary benefit of the employees. This doesn't mean that profit isn't important. It just means that profit is a means to end rather than the primary objective.