Profit Sharing
09-27-2017, 05:29 AM
#12
Gets Weekends Off
Joined APC: Dec 2013
Position: 737 CA
Posts: 131
PS
Why would ALPA say anything? We got what we asked for. We didn't ask to limit anybody else's PS, we just asked for a percentage. I don't know why that would be a surprise to anybody who wanted PS over straight pay. It's the same reason that pensions and stock options are a bad idea...just give me my money up front and I'll do what I want with it.
Last edited by illini90; 09-27-2017 at 06:11 AM.
09-27-2017, 05:31 AM
#13
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Joined APC: Mar 2016
Position: Here and there
Posts: 1,906
Originally Posted by illini90
Why would ALPA say anything? We got what we asked for. We didn't ask to limit anybody else's PS, we just asked for a percentage. I don't know why that would be a surprise to anybody who wanted PS over straight pay. It's the same reason the persons and stock options are a bad idea...just give me my money up front and I'll do what I want with it.
And it would look terrible if ALPA argued against this. The optics would be very bad.
09-27-2017, 05:33 AM
#14
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Joined APC: Jul 2007
Position: Left seat of a little plane
Posts: 2,399
It would be the epitome of the stereotypical narcissistic, "got mine, want yours."
We don't need to be upset at this, certainly not publicly.
Sent from my SM-G900T3 using Tapatalk
We don't need to be upset at this, certainly not publicly.
Sent from my SM-G900T3 using Tapatalk
09-27-2017, 05:57 AM
#16
Banned
Joined APC: Dec 2009
Position: Narrow/Left Wide/Right
Posts: 3,655
Originally Posted by Bleeds On
No, profit sharing is a set percentage of your income. Considering a large portion of the company very likely isn’t paid a six-figure+ income, the results of their percentage will be a smaller draw from the pot. Either way, ours should be smaller, but not 1/8 of what it was. Especially considering they already had a profit sharing program in place.
I’m curious to hear what ALPA’s response is.
I’m curious to hear what ALPA’s response is.
Now a year later they all got PS restored and raises, so ALPA (if it were going to say anything) should say "thank you pilots for rejecting TA-15".
09-27-2017, 06:08 AM
#17
Gets Weekends Off
Joined APC: Oct 2013
Posts: 499
Upon further review.... it doesn’t look like this will effect our payout at all.
If all of the profits were given back to employees, then one group getting a higher percentage would reduce what everyone else got.
But it’s not 100% of the profits.
Delta used to give say 22% of profits to employees. Now it looks like 23% of all profits .... but our cut stays the same. (Made up percentages).
So no gloom and doom? No one loosing 10k?
If all of the profits were given back to employees, then one group getting a higher percentage would reduce what everyone else got.
But it’s not 100% of the profits.
Delta used to give say 22% of profits to employees. Now it looks like 23% of all profits .... but our cut stays the same. (Made up percentages).
So no gloom and doom? No one loosing 10k?
09-27-2017, 06:34 AM
#20
Gets Weekends Off
Joined APC: Jul 2013
Posts: 10,113
Originally Posted by Imapilot2
It's fine with you?
Not fine with me.
It appears I just lost about 10 grand in one day. Unless one of these math gurus can come on here and tell me how my initial thoughts are wrong.
Not fine with me.
It appears I just lost about 10 grand in one day. Unless one of these math gurus can come on here and tell me how my initial thoughts are wrong.
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