Originally Posted by Excargodog

First of all read the prospectus:



Even mighty Vanguard does not REALLY passively invest. If they did they would have a pro rata share of ALL companies based upon their market capitalization. They would have never acquired 3% (far less 9%) of SAVE without having a similar capitalization percentage of everyone else, which they obviously don’t. If they ever did set up a computer program to do that the small lot charges would eat them alive. They APPROXIMATE the CRSP by CHOOSING stocks that they believe represent asset classes. And that’s just the index funds. Most Vanguard funds ( not the biggest perhaps) are actively managed.

But none of that matters to the point I was making which is that with ~ 60% institutionally held AND a poison pill NK is an unlikely target for a hostile buy out.

My other point, that we should treat our newbies better if we want to keep them you and I can still disagree about, but with even MESA giving their newbies a $20k bonus just for passing IOE, our first year remuneration is looking increasingly embarrassing.

FUPME might be a mantra some believe appropriate directed at management, it shouldn’t be how we treat our junior pilots - not if we expect them to stay.