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 my friend, I'm a huge supporter of retirement plan improvement. As long as the improvements are in our name, in our control, and equally distributed amongst the pilot group.
Now as far as stock options yes there are risks to investing with your employer but you have to look at the big picture to evaluate if there are forces in play that mitigate the risk. There is a gigantic difference between the old Delta and the behemoth we work for today. Delta is a very strong cashflowing business with a wide moat. Warren Buffet would not touch any of the old airlines, let alone Delta. He's now the largest shareholder in Delta. Delta made more money in the 2nd quarter than Delta's FULL YEAR Profit in 85 out of 90 years of business. Delta is an oligopoly just like the Telecoms (Verizon/AT&T etc).
The only thing stopping the Delta machine is an Epic Black Swan(Nuclear War, Zombie Apocalypse etc).
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