Quote:
Originally Posted by Herkflyr
Do you own an Apple or Microsoft product? Why don't you Google "Apple cash hoard" and perhaps "Apple stock buybacks" (or substitute Microsoft for either) and get back to me as to how Delta is uniquely evil in this realm. I think stock buybacks are useless, but Delta is far from an outlier.
I never said "evil". Western companies are amoral, there's a huge difference.
No, I don't own Apple or Microsoft products, or use Google, and haven't for years (with the exception of a PC Microsoft operating system...too old to bother with Linux).
If the best the company can come up with is to borrow money and service debt for billion dollar stock buybacks to short-term boost stock prices, I'd say the union is perfectly justified using that cash-spent-on-buybacks as a decent yardstick for contract improvements.
IMHO. This looks to be a long, protracted negotiation. That's fine.