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Ralph Nader letter: unsafe at any speed

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Ralph Nader letter: unsafe at any speed

Old 02-16-2015, 08:13 PM
  #21  
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^^^ got a copy of Swapa scope?
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Old 02-16-2015, 08:18 PM
  #22  
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Okay I've got two questions after reading that:

1. Who is Ralph Nader and why should one care?

2. What is a tarmac?
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Old 02-16-2015, 08:31 PM
  #23  
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Originally Posted by WesternSkies View Post
You clicked on a link that was titled, "Ralph Nader Letter:..."
You took the time to copy my post and respond to make what point? How are you adding to the dialogue? Thanks for your input.
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Old 02-17-2015, 06:27 AM
  #24  
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Originally Posted by pilot64golfer View Post
Simply put, management stock bonuses are based on their total percentage ownership of the company. So if management owes 1% of the company throught stock agreements, and they blow $1B to buy back 10% of the shares, they now own 1.1%, so they get a 10% increase in their stock bonuses. They are essentially using company profits to buy themselves a higher percentage ownership of the company. Its like dilution in reverse.

Once all the shares have been repurchased, only management will own shares. Effectively they could BUY all of United and own it, using the profits we generated to benefit them.

None of this helps the company later if we have financial difficulties. When they talk about doing this to benefit "shareholders", the only shareholders they want to benefit are themselves.
Think this is what the "Beach Boys" did at NWA.
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Old 02-17-2015, 06:36 AM
  #25  
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Originally Posted by forgot to bid View Post
1. Who is Ralph Nader?
You are showing you youthfulness.
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Old 02-17-2015, 10:37 AM
  #26  
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As a stockholder, not of UCH, but in general, I hate stock buybacks because it artificially increases value. The value of the stock will still fluctuate based on other investors inputs. I would much rather see a dividend payout and investment in the infrastructure of the company. It really is a poor use of capital, especially when the company will turn around and leverage itself through debt to purchase and refurbish planes.
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Old 02-17-2015, 10:45 AM
  #27  
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Originally Posted by pilot64golfer View Post
You are showing your thick sarcasm.
Fixed it for you!
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Old 02-17-2015, 10:46 AM
  #28  
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Bring back the Corvair!
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Old 02-17-2015, 10:49 AM
  #29  
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Originally Posted by captjns View Post
Bring back the Corvair!
Unsafe at any speed!
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Old 02-17-2015, 12:37 PM
  #30  
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Originally Posted by Packrat View Post
So you all think its better for the airlines to spend millions on stock buybacks instead of improved medical, improved retirement and/or improved pay for the employees? Is that right?
It's not the message.

It's the messenger.

It would have been very interesting to see how different the pilot reaction to that letter would have been if the author's name had not been revealed.

Or, even better, if it had been signed "H. Ross Perot".
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