Airline Pilot Central Forums - Details on Delta TA

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Quote:

Originally Posted by Professor (Post 1906751)

I welcome anyone who is a Delta pilot to visit the TA language on dal.alpa.org and compare it to the NN.

Thank you.

Save time and just read the TA language. Every Delta pilot will be able to understand it for themselves.

Carl

Quote:

Originally Posted by Professor (Post 1906634)

For those believing the lies of FPL.

I will give you a current account of my FPL.
21 hours.

I have been at a 3 day meeting. 1 day of training. And currently average 6 hours a day everyday answering questions on various social media outlets.

So before we start accusing a mis-use of FPL, get the facts.

Also, I would love to see any of you work for no pay and say you are not getting totally screwed.

I'm not complaining. I am a volunteer. But get your facts straight and stop the childish and baseless allegations to try and recruit other's to your island of rancor and discontent.

But, as always, please keep the questions flowing and we will attempt to get you information.

Personally, I appreciate your answers and time. You've been very balanced without any salesmanship. I don't think you deserve the way some guys have been treating you.

Thank you

Quote:

Dividends directly enrich stockholders. Stock buy back programs directly enrich executives

This is not completely accurate.

BOTH are intended to directly enrich current stockholders.

Dividends offer an immediate return on investment that is separate from any appreciation in stock value. This is taxable income.

Stock buybacks are intended to reduce the # of shares outstanding, theoretically increasing the value of any future dividend per share as well as increase the value of the stock itself (which remains untaxed until the stock is sold for a profit).

The reason the DAL stock buyback program is so egregious is for several reasons:

1. Because that money can be used to compensate employees who have previously sacrificed in the past for the benefit of the company (read: bring their compensation up to where it SHOULD be now, not where it should've been in the 1st place)

2. Because the mgmt team is largely compensated with stock, not taxable cash (income).

Simply put, RA is using company money to further line his 17.9 MILLION share interest in the company...a direct conflict of interest IMHO...while concurrently demanding concessions from his employees.

DAL Delta Air Lines Inc Executive Compensation

Richard Anderson's compensation
2010 - $8,041,271 ($6M in stock, not including options)
2011 - $8,854,554 ($7M in stock, " " " )
2012 - $12,575,572 ($7M in stock, " " " )
2013 - $14,375,902 ($9M in stock, " " " )
2014 - $17,589,867 ($9.5M in stock. " " " )

Has your pay doubled in the last 4 years???

Net net...RA is eating from the banquet before his employees. This is a direct abdication of authentic and true leadership. What makes it even worse is that, under the new TA, he and the other exec's will get their compensation & bonuses taken from profits BEFORE PS is calculated for the pilot group.

It all adds up to a GIANT middle finger from RA to the pilots.

.

Thanks Orvil. I realize there are a lot of variables but man it would be nice to see the numbers. I am a FO and very worried about the impact of this.

Quote:

Originally Posted by BenderRodriguez (Post 1906830)

If not, put them on ignore. :p

What's so rich about that Tsquare is how often you put me on ignore. Must have been at least a dozen times.

But you somehow kept responding. :D

Carl

Quote:

Originally Posted by Carl Spackler (Post 1906893)

What's so rich about that Tsquare is how often you put me on ignore. Must have been at least a dozen times.

But you somehow kept responding. :D

Carl

I enjoy a good chuckle now and then Carl.:cool:

Quote:

Originally Posted by BenderRodriguez (Post 1906675)

Not a real smart way to enrich themselves though, is it? Come on Carl, you are an executive, you know that doesn't move the needle to any meaningful degree.

If you think 6 billion in buybacks with a market cap of 33 billion doesn't move several needles to any meaningful degree you are either clueless or are hoping the hell we are.

In Bender's case, I'd say it's both.

......

Quote:

Originally Posted by texavia (Post 1906898)

If you think 6 billion in buybacks with a market cap of 33 billion doesn't move several needles to any meaningful degree you are either clueless or are hoping the hell we are.

What are you talking about? Nowhere have I said buybacks are a good idea.

Quote:

Originally Posted by BenderRodriguez (Post 1906840)

So then the P2P guys that were paid to attend the meetings now invalidates their entire ability to present information and makes all of their input biased? Seriously?

I don't think it necessarily invalidates their opinions, but absolutely biases their input. Why? Because they're not being paid to provide input. They're being paid to get educated on the MEC administrations opinion, then go out and spread that word. P2P volunteers who get flight pay loss are not being paid to get educated, then spread their own personal opinions.

Quote:

Originally Posted by BenderRodriguez (Post 1906840)

I do agree with you that we should read the TA language itself. I don't agree that it is easy to understand. It is legalese, and that is not always self explanatory. Consider me the lowest common denominator if you want, but I can't necessarily understand the legal words, so I need a little help. I do not care if someone is on FPL or not as long as I get good information. I have no agenda.

Fair enough. I'll be glad to help you in any way I can to decipher any legalese.

Carl