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-   -   DAL Buybacks (https://www.airlinepilotforums.com/delta/122330-dal-buybacks.html)

mispoken 06-24-2019 03:18 PM


Originally Posted by TED74 (Post 2842665)
If 14,500 pilots could pinky swear not to repeat what they heard from this single board member, we might get to hear some interesting perspective. I'd bet the MEC gets more from him than we do, and that's fine with me. Otherwise, I wouldn't expect to hear anything from this lone board member other than what the board in totality wants the public to know.

I think his value is indirect to us regular pilot folk, but having a seat at the table (when he actually has one) doesn't hurt.

I don’t think that is the idea behind a public company. If you want everything secret, then you stay private. Either way, it’s not so much “trade secrets” I’d be interested to hear but more perspective from someone “sharing the table”.

marcal 06-24-2019 03:20 PM


Originally Posted by TED74 (Post 2842665)
If 14,500 pilots could pinky swear not to repeat what they heard from this single board member, we might get to hear some interesting perspective. I'd bet the MEC gets more from him than we do, and that's fine with me. Otherwise, I wouldn't expect to hear anything from this lone board member other than what the board in totality wants the public to know.

I think his value is indirect to us regular pilot folk, but having a seat at the table (when he actually has one) doesn't hurt.

The Pilot Director almost always briefs the MEC in closed session at their meetings. In addition, I'm sure he is NDA'd up the you-know-what.

FL370esq 06-24-2019 06:49 PM

Chris is a great guy and very pro-pilot. If you reach out to him he will answer what he can.

BobZ 06-24-2019 06:54 PM

They could just give it to me. Ill keep it safe for them. :)

ChecklistMonkey 06-24-2019 07:56 PM


Originally Posted by mispoken (Post 2842713)
I don’t think that is the idea behind a public company. If you want everything secret, then you stay private. Either way, it’s not so much “trade secrets” I’d be interested to hear but more perspective from someone “sharing the table”.

That isn't at all how business works. Yet another example of not taking advice from pilots.

Denny Crane 06-24-2019 09:01 PM


Originally Posted by OOfff (Post 2842475)
You can’t really “save” a bunch of billions without becoming an acquisition target.

I won’t dispute that but how do companies do it any way? Apple for example.

Denny

OOfff 06-24-2019 11:48 PM


Originally Posted by Denny Crane (Post 2842870)
I won’t dispute that but how do companies do it any way? Apple for example.

Denny

Yeah I’m no expert and was corrected above, but I don’t think there are a lot of places with a trillion dollars to throw around. DL is worth 3% of that.

mispoken 06-25-2019 05:13 AM


Originally Posted by ChecklistMonkey (Post 2842846)
That isn't at all how business works. Yet another example of not taking advice from pilots.

How does this constitute advice? That wasn’t advice at all. This would be advice; “buy delta stock because it’s undervalued, and bitcoin.....buy bitcoin too”

My point was that a public company goes public in order to have access to public funds. In doing so they’re subject to disclosure laws and have to maintain a degree of transparency and that if a company doesn’t want to be subject to, can stay private.

When someone above mentioned that 14,500 pilots have to keep a secret in order for information, my point was that I wasn’t looking for trade secrets (I doubt our rep is privy to them anyhow) or insider information but more perspective.

So tell me, how does “business” work? There are many ways a business works and what we are talking about is a public massive corporate business, perhaps you have some background in corporate law and governance?

ERflyer 06-25-2019 06:26 AM


Originally Posted by OOfff (Post 2842893)
Yeah I’m no expert and was corrected above, but I don’t think there are a lot of places with a trillion dollars to throw around. DL is worth 3% of that.

True.

Apple market cap: $910B
Delta market cap: $37B

Berkshire Hathaway has been mentioned as a potential acquirer of Delta. They have about $112B in cash. They already own a piece of each. 10% of Delta and 5% of Apple. They could easily acquire all of Delta. Not Apple.

ERflyer 06-25-2019 06:42 AM

If Berkshire Hathaway were to fully acquire us stock buybacks would cease thus making some people happy on this forum. Ironically, our excess cash would go directly to Berkshire Hathaway thus making owners of Berkshire Hathaway stock happy.


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