Originally Posted by orvil (Post 1719198)

I completed the survey. I was disturbed by the questions about stock and stock options.

If you were on the property prior to 2000, you have already had your fill of stock options. Put it in my paycheck. I'm still papering the wall with stock options from a bankrupt company.

I feel the same way about profit sharing. No need to negotiate any changes to profit sharing. It's no risk to the Company. It's all risk to the employee. The Company only pays out if there is a profit. The employee doesn't get diddly squat if there isn't a profit.

I'm not quite sure where all the angst is with the profit sharing discussion. Some of you think you are important to the Company. You are not. You are a cost, an employee number. Profit sharing does not change how I safely conduct my business day. It shouldn't change how you conduct business either. I rarely agree with Sailingfun on anything. But, I have to concede his arguments about profit sharing.

Let's concentrate on better work rules, better insurance, better retirement, and working less. Profit sharing just isn't that important.

Originally Posted by tsquare (Post 1719216)

Who's mouthpiece are you?

Originally Posted by DAL 88 Driver (Post 1719220)

I don't know for sure whether management wants CDO's or not. I suspect they do.

There was someone on here earlier posted that he had flown with SD and that SD really wanted them. Coupled with the staunch DALPA aficionados (who are normally in lock step with whatever management wants) still pounding their arguments in support of CDO's, it sure makes me think this issue is not dead.

Originally Posted by tsquare (Post 1719216)

Who's mouthpiece are you?

Originally Posted by DAL 88 Driver (Post 1719220)

I don't know for sure whether management wants CDO's or not. I suspect they do.

There was someone on here earlier posted that he had flown with SD and that SD really wanted them. Coupled with the staunch DALPA aficionados (who are normally in lock step with whatever management wants) still pounding their arguments in support of CDO's, it sure makes me think this issue is not dead.

Originally Posted by tsquare (Post 1719231)

I'll gladly give them CDOs, but my restrictions would be so onerous they wouldn't want them. 6 hours (non reduceable... ever) behind the door for starters, 10:30 pay... little things like that. Then sailing and all the senior bubbas can fly them to their hearts' content.

Originally Posted by alfaromeo (Post 1719205)

In actuality, what was occurring was that pilots were there flying full schedules for 3 months and then sitting around for 9 months collecting reserve guarantee as excess. That is where the savings were.

As we have grown flying time, we went from a huge pilot surplus to a measurable pilot shortage. That is what is causing people to feel more flying over this summer. It has nothing to do with work rule changes,

Originally Posted by gzsg (Post 1718340)

If we reduce profit sharing it is game over. C2015 will be a repeat of C2012 and completely cost neutral. If we can hold the line and keep profit sharing, we cannot fail.

The most important part of your survey is to protect profit sharing and move it off the table.

Jerry

Originally Posted by gzsg (Post 1719261)

Stock, stock options. No thank you.

Originally Posted by tsquare (Post 1719218)

I have those same worthless stock options you are talking about. I remember them touting the Black Scholes model and how DAL stock was on the way up, yada yada yada... but we now know that the B/S (interesting contraction I see now that I write it) was flawed. But..... and I am not necessarily advocating it... if we got options placed into a trading account that were immediately tradeable, I'd jump on that in a heartbeat.