Airline Pilot Central Forums - Additional Max Order Rumored

Airline Pilot Central Forums (https://www.airlinepilotforums.com/)

- Alaska (https://www.airlinepilotforums.com/alaska/)

- - Additional Max Order Rumored (https://www.airlinepilotforums.com/alaska/131327-additional-max-order-rumored.html)

Quote:

Originally Posted by ElCaribe (Post 3176885)

I want to be in a millionaires club. Don’t you?

Prob coulda joined at some point in the last 22 years. Looked into it, didn’t care for the members. Club membership is not offered here anymore. Been that way for ten years or so...

Quote:

Originally Posted by 9mikemike (Post 3176948)

Prob coulda joined at some point in the last 22 years. Looked into it, didn’t care for the members. Club membership is not offered here anymore. Been that way for ten years or so...

for those newer to the firm..... can you elaborate. I’m just curious more than anything else.

Quote:

Originally Posted by 9mikemike (Post 3176880)

“the greatest revenue and the largest profit margins for Alaska”.

Important point that OTZ made.
Alaska is truly a boutique investment firm. What OTZ stated is their mission statement.
They are not in the jobs or comfort or transportation or employee business or any of the myriad other
things that people say and want out of their job.
Our CBA is a direct reflection of this mission statement.
We will be flying DC6’s or driving trucks if they bring in more revenue/profit.
To truly benefit from working here (like the SEA millionaires club)you have to align yourself with their principals.
So the max meets the mission...The end

All publically traded companies exist to maximize returns for their owners (shareholders). Its the legal duties of the Officers and Directors.. Alaska, and frankly all airlines of note make their decisions from this perspective. Alaska is no different than any of its competition here.

Quote:

Originally Posted by ERJFO (Post 3177561)

And your point is?

Quote:

Originally Posted by 9mikemike (Post 3177613)

And your point is?

No one in management cares about you. Just your ability to move metal.

Sent from my iPhone using Tapatalk

Quote:

Originally Posted by ERJFO (Post 3177561)

Nice declaration you made there:

Quote:

Third, corporate directors are not required to maximize shareholder value. As the U.S. Supreme Court recently stated, "modern corporate law does not require for-profit corporations to pursue profit at the expense of everything else, and many do not do so." ( BURWELL v. HOBBY LOBBY STORES, INC. ) In nearly all legal jurisdictions, disinterested and informed directors have the discretion to act in what they believe to be the interest of the business corporate entity, even if this differs from maximizing profits for present shareholders. Usually maximizing shareholder value is not a legal obligation, but the product of the pressure that activist shareholders, stock-based compensation schemes and financial markets impose on corporate directors.The Shareholder Value Myth , Eur. Fin. Rev. Lynn Stout (April 30, 2013)The Ideology of Shareholder Value Maxim (Watch), Evonomics

Quote:

Originally Posted by NewGuy01 (Post 3177614)

No one in management cares about you. Just your ability to move metal.

Sent from my iPhone using Tapatalk

Got it....Already knew it....Coming on 23 years of knowing it..Happily not caring

Quote:

Originally Posted by Back2future (Post 3177616)

Nice declaration you made there:

Publically traded companies and private companies are different.

Quote:

Originally Posted by Back2future (Post 3177616)

Nice declaration you made there:

There is a recent trend, away from short-term shareholder value at all costs...

https://www.cnbc.com/2019/08/19/the-...objective.html

But a publicly traded company cannot disregard shareholder value, or they won't have any shareholders.

Quote:

Originally Posted by ERJFO (Post 3177913)

Publically traded companies and private companies are different.

Private companies can do whatever they want. Public companies are subject to more legal boundaries, plus the shareholders have to be at least a significant consideration since managers ultimately work for the shareholders.