Well now, THERE’S a surprise…
 

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Their obvious greed should be met with none other that proper pay for all labor. They obviously don’t know who decides to let labor groups strike. It’d be nice to see a pilot group get through the whole RLA monkey dance and get to the congressional intervention part and when management asks them to block the strike they get a middle finger instead.

Capitalism in action. We shouldn’t try to stop capitalists from acting in their self interest. If we are mad about this, we can just outcompete with a better product or service

Respectfully disagree. It’s a conflict of interests. They boost the stock price to line their pockets with tax free bonus shenanigans. This comes at the cost of having to perform some metric every quarter to appease Wall Street. These folks are hired to manage the company which includes the people that work for it. To me it reeks of pump and dump. They don’t GAS about 5 years from now.

In Europe there are laws where ceos can only make a certain percentage of their employees average wages. I guess in essence I’m opposed to the Wall Street version. It is slowly stripping away middle class America.

Squeeze the customer for as much as you can get. Stop squeezing your employees when you are making Billions a year ffs

To be clear I’m not really talking about us per say, We make alot of money. But joe ramper is out there busting his ass yet they are paid **** and management wonders why they can’t keep nyc staffed. It’s a wage war and the poor are losing imho

The current version of capitalism has made the “human” into a “unit”. I think that’s sh1ty

Capitalism is terrible, all you have to do is reference an Envoy sim instructor's pay stub. He paid more in taxes than you took home this month. Confused yet? Corrections happen quicker in what kind of economy, that’s the answer you should be seeking.

Not sure if sarcasm or stupidity.

100% stupidity.

Hopefully they remember this next time the airlines need a bailout.

Nice civil response. It’s funny how internet tough guys always fail to understand that they look like childish fools when they say things that would never be said face to face without consequences.

cliffs: you want to regulate businesses from doing with their money what they please instead of letting capitalism work. If these decisions are so bad for business, others will outcompete them in the market.

That's hilarious... It's almost like you don't know what caused the RLA to exist in the first place.

lawmakers meddling in the free market instead of letting the market work

Would have zero qualms saying it to their face.

Originally Posted by Hubcapped
You are insane. Literally

Even if your fantasy of nazis fighting for a Jewish president were true. If you actually had the United States best interests at heart, you would know that a weakened Russia only helps us in the long run. You are so childishly focused on “owning” the other party, you are literally advocating for a direct enemy of the untied states to win a contest that was of their own doing. The level of crazy here is insurmountable, and you have lost track of reality. Good luck


Hubcapped , 09-30-2022 11:16
No “chief” I haven’t asked them but since you said “it’s a pretty big deal for them” I figured you might, you know, ….have some insight. Or you could have just been spinning words, like you do.

By the way, how does our MEC lack initiative or strength of character or is irresponsible? How exactly would you get delta to come to the table? You never answered , and I can’t imagine someone with your integrity and knowledge would purposely evade a question that merely asked them to elaborate on their own stated viewpoints. Or you could just, you know, be full of words

The US abandoned Capitalism a long time ago. Bailing out companies that make poor decisions and basically nationalizing them is anything but Capitalism.

The reason these companies buy their own stock is because they get almost-free money (interest rates set by govt. instead of free market), and they suffer no consequences when that debt blows up in their face.

Trust me, business would behave quite differently without all the socialist intervention of our government.

I call bull****. You’d only say it if you had a physical advantage, and there is no way to discern that online tough guy

Usually people with the loudest mouth online are weak in the flesh

exactly. If not for the socialist boot on their neck, these companies would share their earnings more equitably with workers and wouldn’t think so short term

Stock buybacks were once illegal, because they are fraud, however the Reagan administration made them legal in 1982 so here we are.

Honest question. Why is it fraud? I mean, per their corporation incorporation documents they are allowed to (but not required to) sell up to a certain number of shares of stock to raise capital for the business. What law or reason prevents them from buying those shares back - especially if they are relatively cheap and the company has the ability to buy them back?

I mean as an employee, yeah, I’d rather they just raised wages with the extra cash, but what makes it fraud?

It was considered fraud by executives, due to manipulation of prices in advance of exercising options at a lower price. Excess capital should be distributed to shareholders via the dividend.

Lol first one is because the dude said Ukraine is run by nazis and Russia has a right to invade them, the other 2 don’t call james names….questions? All of which would be warranted face to face. Way to take things out of context and leave my myriad of respectful RFIs to suit your narrative though

Calling someone stupid over thoughts on capitalism at THE VERY FIRST comment on a subject is ridiculous. But you know that don’t you

Your thoughts on this are duly noted and disregarded.

I stand by my statement

So fraud IF they exercised options or otherwise used insider information for personal gain? I can see that. Trading on inside information, particularly when you are able to manipulate decisions that will affect stock price is illegal, well, except for members of Congress…

I am happy you have an opinion.

chill out. I’m 100% sure red foreman would call me stupid to my face and also beat me and my dad up.

Correct. There is also the matter of the accounting treatment of stock based compensation that encourages management to choose buybacks.

Stock buybacks were considered illegal in the US for most of the 20th century due to stock price manipulation concerns.

Time to go back to the days before Rule 10b-18.

Pay the executives millions (if they deserve it or can negotiate it).

Use the profits generated by the company to either reward stockholders with dividends, employees for their efforts, or reinvest in the business.

The experiment has been tried; stock buybacks by CEO's to enhance the value of their stock options at the expense of everything else has been a colossal failure.

Executive compensation is, a lot of times, based on stock performance, so if you can manipulate the price, you don't have to actually perform for a company. I can't think of any situation where buy backs help investors in contrast to the dividend.

There’s really only two ways to reward investors. Dividends or buybacks. I believe Congress just passed legislation for a 1% tax on buybacks so hopefully that sways it towards dividends a bit. Personally I’ve been moving $ in retirement accounts to higher paying dividend companies and away from companies that do buybacks.

Thanks for the insight. I wasn’t aware of the background on buybacks. I kind of always saw it as stock price manipulation for management compensation and for that reason preferred higher paying dividend companies.