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Originally Posted by Junglejet4life
(Post 2964758)
Notice how the article specifically referenced stock buybacks, but JetBlue leaders say stock buybacks have nothing to do with profit sharing. How can this be?
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Originally Posted by O2pilot
(Post 2964789)
So the company makes a profit, buy you don’t get any? I though you had profit sharing in your contract?
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Originally Posted by O2pilot
(Post 2964789)
So the company makes a profit, buy you don’t get any? I though you had profit sharing in your contract?
here we go nope JetBlue just moves the money around. |
Originally Posted by Flyby1206
(Post 2964854)
We have a profit sharing formula in the contract. The formula did not trigger any profit sharing, despite $800m profit and 10% margin...
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Originally Posted by O2pilot
(Post 2965483)
What's the threshold then? JB has only had an annual profit of over $200M 5 times in its existence, so how does making $800M, which is the 2nd highest earnings year ever not qualify for profit sharing?
The formula they currently use makes profit sharing virtually impossible to attain. They knew that when they designed the formula. Because Values. |
But we have a profit sharing task force to come fix everything...all is well
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