Originally Posted by
vegabondpilot
Bluedriver, you really should take a breath and think deeper about what we're trying to say. Profit sharing based on net income is really weak. It's not an "accounting gimmick". It's GAAP accounting 101. And, it's how hundreds of growth companies structure their finances.
Don't end up scratching your head in confusion 10 years later when the company prints cash, triples in size, the stock goes parabolic, and not once reports a positive net income.
Dont end up scratching your head when JB pilots get the profit sharing plan BACK that they used to have, when the company was an even younger growth company, and it starts paying good checks AGAIN.