All things - Profit Sharing
07-09-2015, 07:12 AM
#1
Gets Weekends Off
Thread Starter
Joined APC: Aug 2008
Posts: 503
All things - Profit Sharing
Outsider looking in...
We all know DAL will make lots-o-profits in the years to come ( as of today, anyway). If your TA gets voted down, you keep your current profit sharing formula? What stops RA from using/ hiding that profit in the future to "stick it to you"? Any oversight?
Lordy knows all my previous companies have used/ bought/ built/ invested in questionable ideas to "use" profits...
1) Reuters/Delta Air Lines Inc (DAL.N) is hoping to strengthen partnerships with carriers in South Korea, Mexico and Brazil, and it has been approached about investing in Japan's bankrupt Skymark Airlines, Delta's president Ed Bastian told reporters Monday.
2) training centers
3) buying regional/ global airlines
4) buying hotels
5) etc
( not an ad for a yes vote in any way, good luck)
We all know DAL will make lots-o-profits in the years to come ( as of today, anyway). If your TA gets voted down, you keep your current profit sharing formula? What stops RA from using/ hiding that profit in the future to "stick it to you"? Any oversight?
Lordy knows all my previous companies have used/ bought/ built/ invested in questionable ideas to "use" profits...
1) Reuters/Delta Air Lines Inc (DAL.N) is hoping to strengthen partnerships with carriers in South Korea, Mexico and Brazil, and it has been approached about investing in Japan's bankrupt Skymark Airlines, Delta's president Ed Bastian told reporters Monday.
2) training centers
3) buying regional/ global airlines
4) buying hotels
5) etc
( not an ad for a yes vote in any way, good luck)
07-09-2015, 07:17 AM
#2
The Brown Dot +1
Joined APC: Jun 2009
Position: 777B
Posts: 7,775
Originally Posted by Rabid Seagull
Outsider looking in...
We all know DAL will make lots-o-profits in the years to come ( as of today, anyway). If your TA gets voted down, you keep your current profit sharing formula? What stops RA from using/ hiding that profit in the future to "stick it to you"? Any oversight?
Lordy knows all my previous companies have used/ bought/ built/ invested in questionable ideas to "use" profits...
1) Reuters/Delta Air Lines Inc (DAL.N) is hoping to strengthen partnerships with carriers in South Korea, Mexico and Brazil, and it has been approached about investing in Japan's bankrupt Skymark Airlines, Delta's president Ed Bastian told reporters Monday.
2) training centers
3) buying regional/ global airlines
4) buying hotels
5) etc
( not an ad for a yes vote in any way, good luck)
We all know DAL will make lots-o-profits in the years to come ( as of today, anyway). If your TA gets voted down, you keep your current profit sharing formula? What stops RA from using/ hiding that profit in the future to "stick it to you"? Any oversight?
Lordy knows all my previous companies have used/ bought/ built/ invested in questionable ideas to "use" profits...
1) Reuters/Delta Air Lines Inc (DAL.N) is hoping to strengthen partnerships with carriers in South Korea, Mexico and Brazil, and it has been approached about investing in Japan's bankrupt Skymark Airlines, Delta's president Ed Bastian told reporters Monday.
2) training centers
3) buying regional/ global airlines
4) buying hotels
5) etc
( not an ad for a yes vote in any way, good luck)
https://onedrive.live.com/view.aspx?...FkQEETOrKDbpiM
07-09-2015, 07:23 AM
#3
Gets Weekends Off
Joined APC: Oct 2009
Posts: 3,108
Originally Posted by Rabid Seagull
Outsider looking in...
We all know DAL will make lots-o-profits in the years to come ( as of today, anyway). If your TA gets voted down, you keep your current profit sharing formula? What stops RA from using/ hiding that profit in the future to "stick it to you"? Any oversight?
Lordy knows all my previous companies have used/ bought/ built/ invested in questionable ideas to "use" profits...
1) Reuters/Delta Air Lines Inc (DAL.N) is hoping to strengthen partnerships with carriers in South Korea, Mexico and Brazil, and it has been approached about investing in Japan's bankrupt Skymark Airlines, Delta's president Ed Bastian told reporters Monday.
2) training centers
3) buying regional/ global airlines
4) buying hotels
5) etc
( not an ad for a yes vote in any way, good luck)
We all know DAL will make lots-o-profits in the years to come ( as of today, anyway). If your TA gets voted down, you keep your current profit sharing formula? What stops RA from using/ hiding that profit in the future to "stick it to you"? Any oversight?
Lordy knows all my previous companies have used/ bought/ built/ invested in questionable ideas to "use" profits...
1) Reuters/Delta Air Lines Inc (DAL.N) is hoping to strengthen partnerships with carriers in South Korea, Mexico and Brazil, and it has been approached about investing in Japan's bankrupt Skymark Airlines, Delta's president Ed Bastian told reporters Monday.
2) training centers
3) buying regional/ global airlines
4) buying hotels
5) etc
( not an ad for a yes vote in any way, good luck)
07-09-2015, 08:09 AM
#5
La Familia Delta
Joined APC: Oct 2006
Position: B-717 FO / C-17 AC
Posts: 2,467
Originally Posted by Rabid Seagull
Outsider looking in...
We all know DAL will make lots-o-profits in the years to come ( as of today, anyway). If your TA gets voted down, you keep your current profit sharing formula? What stops RA from using/ hiding that profit in the future to "stick it to you"? Any oversight?
Lordy knows all my previous companies have used/ bought/ built/ invested in questionable ideas to "use" profits...
1) Reuters/Delta Air Lines Inc (DAL.N) is hoping to strengthen partnerships with carriers in South Korea, Mexico and Brazil, and it has been approached about investing in Japan's bankrupt Skymark Airlines, Delta's president Ed Bastian told reporters Monday.
2) training centers
3) buying regional/ global airlines
4) buying hotels
5) etc
( not an ad for a yes vote in any way, good luck)
We all know DAL will make lots-o-profits in the years to come ( as of today, anyway). If your TA gets voted down, you keep your current profit sharing formula? What stops RA from using/ hiding that profit in the future to "stick it to you"? Any oversight?
Lordy knows all my previous companies have used/ bought/ built/ invested in questionable ideas to "use" profits...
1) Reuters/Delta Air Lines Inc (DAL.N) is hoping to strengthen partnerships with carriers in South Korea, Mexico and Brazil, and it has been approached about investing in Japan's bankrupt Skymark Airlines, Delta's president Ed Bastian told reporters Monday.
2) training centers
3) buying regional/ global airlines
4) buying hotels
5) etc
( not an ad for a yes vote in any way, good luck)
07-09-2015, 08:16 AM
#6
Gets Weekends Off
Joined APC: Apr 2011
Position: retired 767(dl)
Posts: 5,723
Originally Posted by BenderRodriguez
Other than not making the projected profit, I think you are right. An election of Cankles in 2016 will probably do it though.
07-09-2015, 08:17 AM
#7
Gets Weekends Off
Joined APC: Dec 2014
Posts: 1,184
Originally Posted by ghilis101
Delta has a "too much cash" problem. They've already been trying to balance it as best they can by accelerating debt repayments and then of course, the recent $5 Billion stock buyback. All of this is positioning to drive the stock price up to its $60 target estimate. If they want to spite the pilots they in theory could take on more debt but RA is a business man. His equity in the company is worth way more than ours. He would only be driving down his own payout when he retires if they purposely miss estimates and tank the stock price.
07-09-2015, 08:20 AM
#8
Gets Weekends Off
Joined APC: Apr 2011
Position: retired 767(dl)
Posts: 5,723
Originally Posted by BenderRodriguez
I think you way overestimate our importance in the big picture. And I also thin you are way overzealous in your painting his actions vis-a-vis the pilot group. We are just a piece in a very big puzzle. He probably doesn't spend 15 minutes a day thinking us. And I guarantee you that those minutes are not spent thinking about how to screw us.
07-09-2015, 08:21 AM
#9
La Familia Delta
Joined APC: Oct 2006
Position: B-717 FO / C-17 AC
Posts: 2,467
Originally Posted by BenderRodriguez
I think you way overestimate our importance in the big picture. And I also thin you are way overzealous in your painting his actions vis-a-vis the pilot group. We are just a piece in a very big puzzle. He probably doesn't spend 15 minutes a day thinking us. And I guarantee you that those minutes are not spent thinking about how to screw us.
btw Bender that's exactly why we believe voting no will get us another offer. Its just a business interaction. He doesn't personally spend time trying to screw us. Hes just playing his role very much by the book. But we should also use the playbook too. We should send the TA back and negotiate TA2. That's just business.
07-09-2015, 08:37 AM
#10
Gets Weekends Off
Joined APC: Dec 2014
Posts: 1,184
Originally Posted by ghilis101
no that's what Im saying. We agree for a change. Im saying RA wouldn't purposely drive company PTIX down just to spite the pilots. Hes a business man. He has a company to run, and he has estimates to meet or exceed.
btw Bender that's exactly why we believe voting no will get us another offer. Its just a business interaction. He doesn't personally spend time trying to screw us. Hes just playing his role very much by the book. But we should also use the playbook too. We should send the TA back and negotiate TA2. That's just business.
btw Bender that's exactly why we believe voting no will get us another offer. Its just a business interaction. He doesn't personally spend time trying to screw us. Hes just playing his role very much by the book. But we should also use the playbook too. We should send the TA back and negotiate TA2. That's just business.
And he is not playing the airline CEO by the book. Not even close.
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