It's defined and limited.......................until they unilaterally change it!?!:eek:

Denny

If the management exclusion on PS is in a TA, it is the most poisonous of pillls.

Agtually you are wrong to use rearward looking documents. Managements compensation in stock has ballooned with the stock buyback program. Richard anderson cashed in $130M+ this year. There are 2400 people in the management and executive pool.

DAL only started playing the stock buyback game and equity compensation for management recently. It has ballooned dramatically. Gerald Grinstein had 2.2million 10 years ago. Now, RA has cashed in $130M.

You push this as a fixed value against pilots profit sharing because you can lie anonymously on a webboard.

So management wants to help pay for executive compensation by reducing our profit sharing. How is anyone okay with this? Thats a big $&@k you to every pilot on the property. Papa

Papa,
Sadly management has been extracting contractual value from your and my wallet, abetted by Dalpa for a long time.

I really do not see that clause surviving to make it into our PWA. I am not a single issue voter but that has red flags all over it. :eek: Absolutely no ceiling or limit to what they can claim if this makes it into our contract, NADA, Zip, squat.

One would have to have 100% trust in our management team for this to pass - anyone on here have 100% confidence in our management team in this regard?

Finally and most important - we already negotiated this very item in previous contracts and wisely decided not to permit management to manipulate the PS payout - it would be very improvident of us to allow it going forward.

Scoop

If management is allowed this, it'll be completely destructive to PS. PS to every employee that receives it. PWA or not they will get X amount this year and simple ask the BOD for more of a carve out next year and so on! It is total greed. Think about it this way, did they offer discounted stock options to us? This is a single issue to vote NO, but I'm sure it won't be the only one.

This isn't true. The Management Incentive Plan and Equity Compensation is never a hidden undefined value. Just because you haven't taken the time to research the Annexes to the 10-K and find the info doesn't mean the documents don't exist. Don't be lazy. Ignoring information just because it doesn't fit in with your message is a path to failure.

As an edit to this post, this isn't a commentary on whether it should or should not be allowed to be excluded from the PTIX calculation (it should be retained as is IMO). I'm saying the comments about it being unlimited are wrong.

The idea that the executive bonus schedule is a fixed cost is laughable. That caveat in the contract(AIP for now) is so loose you could drive a truck through it. To hear a pilot defend it makes you very suspect.

Here is a question, can you tell me what the executive bonus schedule for 2018 will be? Nope. That's just the point.

Not true, the PTIX target for reward changes every year and is determined by management. the term "management compensation" is also undefined. Stock option and award value could easily eat up PTIX if the value of the stock increases to managements industrial PE valuation of $100+.

https://www.sec.gov/Archives/edgar/d.../image_017.jpg