Dunning-Kruger on full display here.
Originally Posted by
Bluedriver
3. As long as we're talking about profit sharing, you were just telling me on the other board how JB pilots can't have profit sharing
No one said “can’t have it” to you
Originally Posted by
Bluedriver
because JB is a "growth" company and that the plan wouldn't pay anyway because of the accounting methods available to growth companies.
It’s not an “accounting method”, Growth companies reinvest profits back into the company and service debt
Originally Posted by
Bluedriver
Well, JB is only ~23 years old, has been a growth company it's entire existence, and for much of that existence it did IN FACT have a profit sharing plan, and there were several years where the checks were quite large.
Yes, and they also stopped paying a dividend many years ago and haven’t since. This is not uncommon for a small company to pay a dividend to shareholders and then change strategy to use profits to drive further expansion instead. The checks you got years ago are irrelevant to the current profit sharing discussion.
Originally Posted by
Bluedriver
So, what that means, is I don't have to wonder if you have a clue, you've already proved beyond any reasonable doubt that you do not.
No you’ve only proven a limited understanding of finance, and that to recover what you already gave away to any significant gain would require revenue sharing instead of profit sharing, and what you want is to try to leverage away NK work rules you don’t care about to get.
-Not every pilot has to drop to zero every month to benefit from DTZ.
-It’s not something that is used by only a few pilots of high seniority.
-DTZ encourages a more open time trading as they are not hamstrung by some arbitrary minimum credit target.
-You have pockets full of straw man arguments.
-I am not trading away work rules for money, particularly bonus money that is predicated on the same “incompetent management” to do a really good job running the company for us to get.
-If you want your profit sharing back that YOU gave away, that’s cool, trade something else from the blue side, or don’t trade anything.