ESOP United

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05-17-2020 | 04:16 AM

#21

The stillest

Line Holder

Joined: Apr 2020

Posts: 75

Likes: 0

Quote:

Originally Posted by Andy

The subject was ESOP, not whatever ESPP was. And I'd rather have the 15% in wages rather than gambling on the stock price staying stable/going up.

The short of it is that management would place a value on your ESPP idea, and their value would likely be a higher value than what they'd pay us in higher wages.

You take the 15% in wages and I’ll take a good ESPP right now as the stock is set to go up over the longer term.

https://blog.wealthfront.com/good-espp-no-brainer/

05-17-2020 | 04:25 AM

#22

Huell

777 - ret

Joined: Apr 2020

Posts: 863

Likes: 0

From: Waco CG-4 center seat

Quote:

Originally Posted by The stillest

I made at least 15% every 6 months on CAL stock

You would call that “failed miserably“? �

The reference is to the L-UAL long term lease that was terminated in BK before the sunset clause and voted for by about 74% of our pilots ... but not this one. My wife and I discussed a divorce/then shack up to cash it out at its peak ... but chickened out. I know some CAL types were challenged in court on the divorce/shack up move ... and they WON.

ESOP doesn't matter to me anymore so go for it. YMMV

05-17-2020 | 04:33 AM

#23

Huell

777 - ret

Joined: Apr 2020

Posts: 863

Likes: 0

From: Waco CG-4 center seat

Quote:

Originally Posted by The stillest

You take the 15% in wages and I’ll take a good ESPP right now as the stock is set to go up over the longer term.

https://blog.wealthfront.com/good-espp-no-brainer/

In the words of the village Zen master ... 'We'll see'.

05-17-2020 | 07:50 AM

#24

BMEP100

Banned

Joined: May 2014

Posts: 1,182

Likes: 0

From: Tom’s Whipping boy.

Quote:

Originally Posted by Laminar

What happened to the ESOP concept that began in 1995? Doesn’t that give us a say in the company direction?

My coffee came out of my nostrils when I read this thread title.🤮

05-17-2020 | 08:29 AM

#25

ReadOnly7

Slam-Clicka

Joined: Dec 2019

Posts: 1,570

Likes: 85

Quote:

Originally Posted by BMEP100

My coffee came out of my nostrils when I read this thread title.🤮

The obligatory DAILY “xyz came out of my nose onto my xyz”.

ALMOST as funny and original as the “white new balance shoes” joke.

#neednewmaterial

05-17-2020 | 08:41 AM

#26

BMEP100

Banned

Joined: May 2014

Posts: 1,182

Likes: 0

From: Tom’s Whipping boy.

Quote:

Originally Posted by holeybuckets

Why not give me the same stock management gets, discounted, voting, and I can sell almost immediately. Sorry in advance for the rant.

Because you are the help, not a member of the club. Don’t be deceived by the good time you had playing the course during the “Caddies tournament”. Just remember the next day, you are not allowed in the dining room, and get back to scrapping the dog **** out of the member’s cleats out behind the locker room.

05-17-2020 | 08:54 AM

#27

Freight Dawg

Gets Weekends Off

Joined: May 2012

Posts: 151

Likes: 0

From: Guppy Capt

Quote:

Originally Posted by Laminar

What happened to the ESOP concept that began in 1995? Doesn’t that give us a say in the company direction?

That just makes my head hurt. I need some whiskey in my coffee.

No. Since we’re taking this trip down memory lane, pay cuts won’t save our pension either.

05-17-2020 | 10:08 AM

#28

Dave Fitzgerald

Gets Weekends Off

Joined: Mar 2012

Posts: 2,209

Likes: 6

From: 777

Quote:

Originally Posted by Freight Dawg

That just makes my head hurt. I need some whiskey in my coffee.

No. Since we’re taking this trip down memory lane, pay cuts won’t save our pension either.

I have a pension? I lost it somewhere and I've been looking for it...