Contract Negotiations room
08-17-2021 | 12:20 PM
#912
Gets Weekends Off
Joined: Jul 2008
Posts: 610
Likes: 0
Contract talks don't open for another year, plenty of time to become profitable in the interim. That is, unless the COVID Mu or Omega variant comes around and gives the final death blow to the industry.
08-17-2021 | 12:34 PM
#913
Gets Weekends Off
Joined: Oct 2017
Posts: 3,469
Likes: 44
yeah that’s a good point. I was just assuming it would be hard to put a number down until we know how much they are profitable by.
08-17-2021 | 02:37 PM
#916
Perennial Reserve
Joined: Jan 2018
Posts: 14,253
Likes: 257
Gawd no. I think you would be amazed at how much discretion accountants have in what years they take expenses and revenues, how they depreciate assets, etc. They could easily cook the books - quite legally - to show a paperwork loss for any given year that you wanted to amend the CBA. Maybe they couldn’t keep it up forever, but a few years wouldn’t be that difficult.
08-17-2021 | 03:02 PM
#917
Gets Weekends Off
Joined: Oct 2017
Posts: 3,469
Likes: 44
are they just going to start printing their own money?
08-17-2021 | 03:17 PM
#919
Line Holder
Joined: Apr 2013
Posts: 1,226
Likes: 9
Gawd no. I think you would be amazed at how much discretion accountants have in what years they take expenses and revenues, how they depreciate assets, etc. They could easily cook the books - quite legally - to show a paperwork loss for any given year that you wanted to amend the CBA. Maybe they couldn’t keep it up forever, but a few years wouldn’t be that difficult.
Thread
Thread Starter
Forum
Replies
Last Post
