Quote:
Originally Posted by DLax85
Hi Baron -
I'm an off & on again, long time poster...and sometimes lurker.
Right now, I'm trying to hard to sit back, lurk, and listen to all sides of this debate.
It appears you are the opposite --- short time poster, with extremely strong views on the TA.
It also appears that you post in order to influence (or maybe just refute) others --- though your choice of words and tone simply baffles me.
Additionally, your business knowledge and experience may not be as omniscient as you believe.
Valuing a business's worth using "gross revenue" is a very common valuation model...and in some industries, compensation contracts are specifically written as a percentage of gross revenues, not gross profits
It's often too easy for businesses to use various accounting techniques to manipulate expenses --- cash, non-cash, depreciation, other write-offs etc --- while gross revenues may be more transparent and more verifiable.
Thus, your characterization of his post as "meaningless crap" appears a bit misguided, as does some of your business acumen.
There were many reasons Delta pilots voted against their most recent TA.
One was because the "profit sharing formula" was being changed --- under the new TA, management bonuses would be subtracted out first, thereby reducing profit.
Delta pilots were concerned that the "profits" could be manipulated in some ways.
Additionally, the arrogance and tone of the "yes" voters was found offensive by many of the "no" voters. It motivated the "No" voters to work harder and find more creative ways to get their views out.
If your goal is to influence in favor of the TA, you may want to study what happened over at Delta a little more closely, and change your tactics.
In Unity...and Civility,
DLax
I'll explain one time...
I have been on APC since 2006. I bought a new computer and failed to transfer all my log-in info to it....been about 2 years. I requested a password reset but the email I used to originally set the account up under no longer exists. I sent an email to the administrators but they never responded. Therefore, I started a new account. Can't believe so many are too dumb to see the correlation between TheBaron Deux (2) and TheBaron. Duh!
I have been at FedEx over 10 years. I voted
for the 2006 contract. I voted
against the FDA LOA. I voted
for the interim contract. I haven't decided how I will vote for this TA.
I'll stick with my interpretation of the companies current financials. If you look over the last three years, FedEx Ground has been the leader in revenue, income and margins. I understand that historically, they owe their existence to Express and there are still many mutually beneficial dependencies, but Express isn't what it once was.
What irritates me is the numerous threads that have been started and carried on for multiple pages where the initial post was completely inaccurate. Everyone piles on about some crappy piece of the contract that the original poster had completely wrong. I can give numerous examples...probably close to half the TA threads are started with bogus information.
The next thing is the apparent sense of entitlement expressed by so many. Pretty big bunch of egos. We have some incredible pilots, some really good pilots, some average pilots, and some questionable pilots. The bell curve may be slightly skewed towards the higher percentiles, but not by as much as many seem to think. So what are we "worth"...what do we "deserve"
People aren't happy that our pay
raise will only be slightly higher than the median income for a family four. I think $300k + is pretty respectable, regardless of the gangsta's on this forum complaining that we are being disrespected. Word NWA.
If you want to complain about some point of the contract, just keep it factual. Like, for example, why are the per diem rates being touted as industry leading when they are still behind UPS's current contract.
Here's another. I went back through all my pay recaps to March of 2013, when we should have gotten a pay raise and didn't. Figured the 10% TA offer was 3 1/3% a year (March 2013, 2014, 2015) Plugged it all into a spreadsheet and see I should have made an extra $37211. Doesn't seem right that the signing "bonus" is only $23,500 (and only 95% of that). Of course, every pilot is going to have something different based on their seat and schedule. Some maybe more, some less. Looks to me like the company is trying to go cheap and save upwards of $50,000,000. Looks like a pretty nice incentive for them to continuously drag their feet in negotiations. I have brought both these points up to the union in their Q&A section and gotten no response.
Tempus Fugit