Originally Posted by
notEnuf
This situation will seem like a good reason to sell profit sharing but it will be hugely back loaded giving management a window to negotiate it away with a relatively quick TA.
That ship has sailed. I don't think one penny in lower PS or a single additional large RJ is even entertained at the table. If anything, low PS paypout is the perfect time to get incresed PS going forward. A return to the C2012 threshold for first tier plus a substantial additional percentage of any future shareholder burnkacks on top of that is a very reasonable ask; it only comes into play if there's massive profits and they can be afforded in the first place...