Any "Latest & Greatest" about Delta?
07-19-2010 | 01:39 PM
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From: DAL 330
Quote:
Originally Posted by alfaromeo
Basically, you take 15% of the company's pre-tax profit (20% of the amount over $2.5 Billion) and put it in a pool. You then take your W-2 earnings and divide it by the total W-2 earnings of the entire work force and you get your share of the pool. For example a person that makes $50,000 that year would get half as much profit sharing as a person that makes $100,000. There is no decision to be made by the MEC it is all a math calculation.
The system is set up for a "proportional" payment and I think its pretty fair. Suppose we split it evenly as you suggest and it amounted to 5k per pilot. A new hire who might make 15K this year would get profit-sharing equal to 33% of his income. A 2007 hire who say makes 80K would get a 6.25% payment and finally a 777 captain who makes 200k would get 2.5% payment.
Do you consider the above proposed payout more fair than a proportional payout? I for one, as a fairly junior guy (around 30%) do not.
Scoop
Originally Posted by alfaromeo
Basically, you take 15% of the company's pre-tax profit (20% of the amount over $2.5 Billion) and put it in a pool. You then take your W-2 earnings and divide it by the total W-2 earnings of the entire work force and you get your share of the pool. For example a person that makes $50,000 that year would get half as much profit sharing as a person that makes $100,000. There is no decision to be made by the MEC it is all a math calculation.
I am curious as to the logic behind this, other than it's in the PWA. If the theory behind profit sharing is that we all busted our hump to make the company money, then shouldn't the pot be shared equally? I'm just a 3rd-year FO, but I worked just as hard at a 30-year CA.
Not trying to stir up a hornet's nest. Just saying...
Not trying to stir up a hornet's nest. Just saying...
The system is set up for a "proportional" payment and I think its pretty fair. Suppose we split it evenly as you suggest and it amounted to 5k per pilot. A new hire who might make 15K this year would get profit-sharing equal to 33% of his income. A 2007 hire who say makes 80K would get a 6.25% payment and finally a 777 captain who makes 200k would get 2.5% payment.
Do you consider the above proposed payout more fair than a proportional payout? I for one, as a fairly junior guy (around 30%) do not.
Scoop
07-19-2010 | 02:01 PM
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From: 737A
Quote:
Originally Posted by nwaf16dude View Post
I just saw a hot blond chick on b concourse that thought it was a good idea to show up for her flight in a bikini. I am not kidding. I was too dumbfounded to take a picture. She was wearing a nice see-through cover-up, though...so that makes it okay, I guess. Actually it's okay with me anyway since she was hot.
Just thought this was worth hitting quote on
Hey FTB, thanks...wouldn't want this important development to get over-shadowed by financial mumbo-jumbo. I absolutely could not believe it when I saw her walking down the concourse in a freakin' bikini! I really wish I was working the flight she got on..it would have been hilarious to listen to the cat ranchers *****in' about her.
Originally Posted by nwaf16dude View Post
I just saw a hot blond chick on b concourse that thought it was a good idea to show up for her flight in a bikini. I am not kidding. I was too dumbfounded to take a picture. She was wearing a nice see-through cover-up, though...so that makes it okay, I guess. Actually it's okay with me anyway since she was hot.
Just thought this was worth hitting quote on
Hey FTB, thanks...wouldn't want this important development to get over-shadowed by financial mumbo-jumbo. I absolutely could not believe it when I saw her walking down the concourse in a freakin' bikini! I really wish I was working the flight she got on..it would have been hilarious to listen to the cat ranchers *****in' about her.
07-19-2010 | 02:12 PM
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From: Legacy FO
Quote:
Originally Posted by nwaf16dude View Post
I just saw a hot blond chick on b concourse that thought it was a good idea to show up for her flight in a bikini. I am not kidding. I was too dumbfounded to take a picture. She was wearing a nice see-through cover-up, though...so that makes it okay, I guess. Actually it's okay with me anyway since she was hot.
Just thought this was worth hitting quote on
Hey FTB, thanks...wouldn't want this important development to get over-shadowed by financial mumbo-jumbo. I absolutely could not believe it when I saw her walking down the concourse in a freakin' bikini! I really wish I was working the flight she got on..it would have been hilarious to listen to the cat ranchers *****in' about her.
Originally Posted by nwaf16dude View Post
I just saw a hot blond chick on b concourse that thought it was a good idea to show up for her flight in a bikini. I am not kidding. I was too dumbfounded to take a picture. She was wearing a nice see-through cover-up, though...so that makes it okay, I guess. Actually it's okay with me anyway since she was hot.
Just thought this was worth hitting quote on
Hey FTB, thanks...wouldn't want this important development to get over-shadowed by financial mumbo-jumbo. I absolutely could not believe it when I saw her walking down the concourse in a freakin' bikini! I really wish I was working the flight she got on..it would have been hilarious to listen to the cat ranchers *****in' about her.
07-19-2010 | 02:20 PM
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From: 737A
07-19-2010 | 02:24 PM
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I am curious as to the logic behind this, other than it's in the PWA. If the theory behind profit sharing is that we all busted our hump to make the company money, then shouldn't the pot be shared equally? I'm just a 3rd-year FO, but I worked just as hard at a 30-year CA.
Not trying to stir up a hornet's nest. Just saying...
Not trying to stir up a hornet's nest. Just saying...
07-19-2010 | 02:32 PM
Back on TDY
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From: 747-400 Captain
I would take the time to read the SLI transcripts. Start with page 1218 which has Stevens testimony. Here is a summary posted before.
///In reading the transcripts of Dave Stevens testimony, isn't it obvious now that we can put to bed one nasty episode in this whole merger soap opera. It seems pretty clear that, contrary to the official communications of the Northwest MEC, the Delta MEC tried repeatedly to get the Northwest pilots to engage in negotiations during LOA 19. They also tried to get the original deal for the Northwest pilots, only to be rebuffed by Delta management. Finally, once the Northwest MEC determined they were being left behind, they tried to scuttle the Delta deal.///
In addition DALPA's use of LOA 19 was exactly in accordance to what was stated at the time it was signed. It was not used as a few NWA pilots screamed it would be on this forum. To their credit several of those pilots later retracted their claims and admitted that DALPA followed through exactly as they said they would and did not attempt to use the agreement as leverage in the SLI.
One last point, LOA 19 was based on the joint contract negotiated by both sides and then not put into place because a agreement could not be reached on the SLI. There was a significant NWA participation on most aspects.
///In reading the transcripts of Dave Stevens testimony, isn't it obvious now that we can put to bed one nasty episode in this whole merger soap opera. It seems pretty clear that, contrary to the official communications of the Northwest MEC, the Delta MEC tried repeatedly to get the Northwest pilots to engage in negotiations during LOA 19. They also tried to get the original deal for the Northwest pilots, only to be rebuffed by Delta management. Finally, once the Northwest MEC determined they were being left behind, they tried to scuttle the Delta deal.///
In addition DALPA's use of LOA 19 was exactly in accordance to what was stated at the time it was signed. It was not used as a few NWA pilots screamed it would be on this forum. To their credit several of those pilots later retracted their claims and admitted that DALPA followed through exactly as they said they would and did not attempt to use the agreement as leverage in the SLI.
One last point, LOA 19 was based on the joint contract negotiated by both sides and then not put into place because a agreement could not be reached on the SLI. There was a significant NWA participation on most aspects.
Carl
07-19-2010 | 03:14 PM
Da Hudge
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From: Poodle Whisperer
07-19-2010 | 03:24 PM
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From: 765-A
07-19-2010 | 03:26 PM
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From: Urban chicken rancher.
07-19-2010 | 04:13 PM
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From: 777B
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