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Old 10-25-2020 | 05:43 PM
  #124  
Lewbronski
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Joined: Feb 2018
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Originally Posted by Grumpyaviator
We’re being asked to sacrifice to pad the interests of the shareholders, according to GK.
100%

As they say, believe what a person does, not what they say. But in GK’s case, he has both said what’s important to him AND done what’s important to him.

It’s all about the shareholders and the stock price.

The entire “savings” of the 10% for all SWA unionized employees represents $500M. Never, ever forget that GK bought back $10 BILLION worth of SWA shares since 2014 and turned down $7.5 BILLION worth of government loans in the last month because doing so would’ve prevented future buybacks and dividends until the loans were repaid. That’s a total of $17.5 BILLION that SWA the corporation does not have access to during an industry-worst crisis entirely because GK would rather take food off of our family’s tables than risk irking Wall St investors or endangering his fellow corporate executives’ stock-price bonuses.

All that GK would have to have done is to devote less than 3% of the above $17.5 BILLION to paying for the 10% cut he’s holding his union employees hostage over. But he can’t even give up < 3% for his co-hearts? That would still leave > 97% for his Wall St overlords and grifting corporate VP’s. But nope. He needs to give them 100%.

It’s super-clear what GK’s priorities are. He doesn’t even try to hide it.

Wall St and VP’s and corporate board members. That’s it.
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