Profit Sharing
05-28-2012 | 06:54 AM
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Profit Sharing
I only care about this because I want it to have a positive effect on the UAL negotiations.
On the subject of the PS amount being reduced from 15% to 10%. From what I have read they are already going through with this for 70,000 of the 80,000 employees. In effect if all things equal you can remove from the company profit the 800 million that the wage increase the other work groups will receive in exchange of the PS. So at the end of the day the 5% you are thinking about is from a much smaller pot. Again this money in hand that regardless of SARS, earthquakes, Iran, or the collapse of the euro is in your hand. This is money that has all year to grow in your retirement account. So while part of the 12% raise in the next six months comes from at the this cost I do believe you should look at the offset of having the money up front verse 13 months latter.
More important point on this is your CEO will take pressure off the shareholders from asking for a dividend. If your company continues as you predict to make record profits the major shareholders will start asking for more than in increase in share price. Do you want your company to take profits and give out dividends, or buy back stock? Like our former CEO GT that gave out a shareholder distribution that could have paid the salaries of our furloughs for a year. It is a clever maneuver by your executives to protect the employees from shareholder greed.
Of course this is all just one little detail of your TA and I for one am not a fan of “single” issue voters. Please don’t turn this into a UAL-DAL grudge match just offering some idea that has not been floated out yet.
El10
On the subject of the PS amount being reduced from 15% to 10%. From what I have read they are already going through with this for 70,000 of the 80,000 employees. In effect if all things equal you can remove from the company profit the 800 million that the wage increase the other work groups will receive in exchange of the PS. So at the end of the day the 5% you are thinking about is from a much smaller pot. Again this money in hand that regardless of SARS, earthquakes, Iran, or the collapse of the euro is in your hand. This is money that has all year to grow in your retirement account. So while part of the 12% raise in the next six months comes from at the this cost I do believe you should look at the offset of having the money up front verse 13 months latter.
More important point on this is your CEO will take pressure off the shareholders from asking for a dividend. If your company continues as you predict to make record profits the major shareholders will start asking for more than in increase in share price. Do you want your company to take profits and give out dividends, or buy back stock? Like our former CEO GT that gave out a shareholder distribution that could have paid the salaries of our furloughs for a year. It is a clever maneuver by your executives to protect the employees from shareholder greed.
Of course this is all just one little detail of your TA and I for one am not a fan of “single” issue voters. Please don’t turn this into a UAL-DAL grudge match just offering some idea that has not been floated out yet.
El10
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