General Lee
Well-known member
- Joined
- Aug 24, 2002
- Posts
- 20,442
Ok, well I hope things go well over there. I really do. But I think GL is talking to airline guys. We're going to have to put together some serious calculus and methodologies to get our $ back. I'm talking multiple levels of outside the box thinking. So that's where the profit sharing thinking is coming from. May not work for you, but last time I checked, you guys didn't lose a pension and didn't get your wages rolled back 50%, is that right? Have you been in a BK type contract at all in the last decade?
You are correct. Trying to get back all the money at once wouldn't go with Wall St. So, getting short term contracts with fairly good raises each year, while at the same time increasing DC fund contributions and keeping and increasing profit sharing may be a good alternative. Apparently some on Wall St don't approve of a 25% raise in one year. Other creative ways of increasing overall compensation may need to be used.
Bye Bye---General Lee