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Originally Posted by jdborg
(Post 1906635)
Yes, that's exactly what stock buybacks do. That is the purpose. They increase the value of the remaining stock outstanding by reducing shares outstanding. The benifit of this over dividend increased is that the now more valuable stock will not be taxed as dividends would be. So yes that's exactly why they do it. To enrich the share holders.
Would you acknowledge that management has a fiduciary duty to the owners of the company? I believe - I do not know - that the stock buyback is an attempt to placate the hedge fund managers and large institutional investors that hold large blocks of DAL. Why do they need to be placated? Those same investors see that 1/4 of DAL's profits last year were paid to the employees in profitsharing, and they find that unpalatable. Not our problem you say? I agree. But it is management's problem, and they need to solve it hence the buyback. Actually, I agree with you in a sense as buying back $5 billion worth of stock will do nothing to move the stock price in any meaningful manner. (We have 800+ million shares outstanding) It's just business, nothing as nefarious as some make this out to be. If they REALLY wanted to enrich themselves they would attempt to take us private. Ask the NWA guys how well THAT works out. |
Originally Posted by Carl Spackler
(Post 1906637)
You're not posting facts Professor. You're posting the spin from the MEC administration that you are being PAID to post. We all know how this works. You'll stop being paid if you don't stay on message...thus you stay on message.
You're NOT posting facts. Carl I am not being paid. At this point I am a volunteer in the truest sense. And my service to this group has nothing to do with blind loyalty to DALPA or any other organization. It has to do with helping people understand a TA that has lots of changes and isn't all that easy to decipher. Your attacks are continually rhetorical on me and others and on the facts of the TA. If you argued in facts instead of in some sort of false narrative about an evil MEC out to get you, people would easily be swayed by your arguments. But you live in a world of confirmation bias. Everything you write is filtered by that bias and doesn't allow others to assess things as they are. And THAT is a disservice to your fellow pilots. Once more, with feeling, please EVERYONE educate yourself and vote as you see fit on this TA. |
Originally Posted by Sounds
(Post 1906589)
Doing a great job of putting words in my mouth and spinning logical assessments into propaganda there Carl.
Originally Posted by Sounds
(Post 1906589)
You know why it sounds the same? Because that's now business negotiations work.
Originally Posted by Sounds
(Post 1906589)
You don't get any feelings. It's a cold hard calculated business decision.
Originally Posted by Sounds
(Post 1906589)
I lost a god damn fortune in the bankruptcy, but apparently still have the lucidity in my brain to remove my emotion from this fiasco.
Originally Posted by Sounds
(Post 1906589)
Seriously, what do you want the negotiators to say? What is their argument? Feelings of injustice are not leverage.
1. What we all gave up to invest in our company's turn around 2. The fact that our contract doesn't lead the industry in any section 3. The fact that our company is shockingly profitable 4. The company wants a deal FAST FAST FAST! Next. Carl |
Originally Posted by SayAlt
(Post 1906638)
Thank you.
You just demonstrated why putting Bender on "ignore" is a great idea. . . . |
Originally Posted by Hawaii50
(Post 1906656)
Why is a person who doesn't work for Delta on a Delta pilot thread recommending people ignore a Delta pilot?
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Originally Posted by Hawaii50
(Post 1906656)
Why is a person who doesn't work for Delta on a Delta pilot thread recommending people ignore a Delta pilot?
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Originally Posted by Professor
(Post 1906652)
Reference my FPL post.
I am not being paid. At this point I am a volunteer in the truest sense. And my service to this group has nothing to do with blind loyalty to DALPA or any other organization. It has to do with helping people understand a TA that has lots of changes and isn't all that easy to decipher. Your attacks are continually rhetorical on me and others and on the facts of the TA. If you argued in facts instead of in some sort of false narrative about an evil MEC out to get you, people would easily be swayed by your arguments. But you live in a world of confirmation bias. Everything you write is filtered by that bias and doesn't allow others to assess things as they are. And THAT is a disservice to your fellow pilots. Once more, with feeling, please EVERYONE educate yourself and vote as you see fit on this TA. |
Originally Posted by BenderRodriguez
(Post 1906596)
Do you really think they are doing the stock buyback to enrich themselves? Seriously?
Carl |
Originally Posted by BenderRodriguez
(Post 1906660)
SayAlt doesn't work for Delta? Now THAT's funny. Who does he work for?
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Originally Posted by qball
(Post 1906663)
Thanks for your time and effort. But just looking at the Negotiators Notepad...the last thing before the signature line...is a highlighted " we urge you to vote yes". I hope all the roadshow reps feel as you do re: "educate yourself and vote as you see fit". That is not what our MEC is urging.
Press a mental ignore button is what I recommend. |
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