Originally Posted by
Denny Crane
Ya know I find this a bit hypocritical and I’ll tell you why. You want stock options but don’t want some type of retirement plan improvement. Based on history you shouldn’t want either one. The last time we got stock options they turned out to be basically be worthless........kinda like the pension plan.
Denny
Denny.....the stock options were only worthless if one didnt exercise them at as much as $100+/ share.
Now the esop preferred $72/share stock in lieu of company cash to the 401 did turn out to be worth zero for many of us.
And that was due to the fact they were first in an age lock box so we couldnt sell them....followed by dalpa allowing a conversion to common stock without extracting a floor value that delta would be required to exit the positions to protect some value for the pilots.