$292,000
08-07-2019, 07:54 AM
#46
Gets Weekends Off
Joined APC: Jul 2010
Position: window seat
Posts: 12,522
Originally Posted by Mesabah
Go to Porsche NA at ATL, tell them you're a Delta pilot, and you want to test a 718. Then report back to us.
08-07-2019, 08:25 AM
#47
Gets Weekends Off
Joined APC: May 2015
Position: A350 Both
Posts: 7,292
Originally Posted by Phuz
In the past I have been reluctant to invest in a company I worked for on the grounds of too many eggs in one basket. However I have slowly been coming around to the idea of voting as a shareholder for the company with which our financial futures are collectively tied.
So as to the title of this thread: If 14,500 pilots purchased 4,786 shares of DAL @ $61 ($292k ea) we would own 10% of the company. A large amount to be sure, but not "impossible" accounting for the ability of senior folks to hold more than junior folks.
It isn't the best investment on the market, it isn't practical for anyone who is new to the company, and putting all your eggs in one basket is generally a bad idea. But as a hypothetical, perhaps a long-term goal, if DAL pilots owned a sizable portion of the company we would see a drastically different management approach to how the pilots are treated. Activist investor pilots, scary..
We are the ones who truly care about the long term health of the company, while Ed & Co. are here today gone tomorrow with golden parachutes to the next venture. Consider owning some DAL (permanently) and voting for a management team that favors a long-term approach instead of quarter-to-quarter buybacks and vacations on DPJ to the Paris Disney over POTUS meetings..
So as to the title of this thread: If 14,500 pilots purchased 4,786 shares of DAL @ $61 ($292k ea) we would own 10% of the company. A large amount to be sure, but not "impossible" accounting for the ability of senior folks to hold more than junior folks.
It isn't the best investment on the market, it isn't practical for anyone who is new to the company, and putting all your eggs in one basket is generally a bad idea. But as a hypothetical, perhaps a long-term goal, if DAL pilots owned a sizable portion of the company we would see a drastically different management approach to how the pilots are treated. Activist investor pilots, scary..
We are the ones who truly care about the long term health of the company, while Ed & Co. are here today gone tomorrow with golden parachutes to the next venture. Consider owning some DAL (permanently) and voting for a management team that favors a long-term approach instead of quarter-to-quarter buybacks and vacations on DPJ to the Paris Disney over POTUS meetings..
United tried this years ago. They also found out that throwing rocks at management from the sidelines is a completely different perspective than that of an investor with an interest in the company making money.
But sure... I'm in.
08-07-2019, 08:47 AM
#49
Gets Weekends Off
Joined APC: Sep 2016
Posts: 6,716
Originally Posted by Mesabah
Go to Porsche NA at ATL, tell them you're a Delta pilot, and you want to test a 718. Then report back to us.
08-07-2019, 08:50 AM
#50
Gets Weekends Off
Joined APC: Sep 2016
Posts: 6,716
Originally Posted by theUpsideDown
Keep up kiddo.
Thank God you're pretty because if you were ugly AND dumb I wouldn't keep you around.
Thank God you're pretty because if you were ugly AND dumb I wouldn't keep you around.
