mancityfan
Member
- Aug 20, 2002
- 57
- 0
Investors look favorably on companies that never lose money and have a steady growth rate.
Say that Ual had a steady profit year after year of 10 %.
----------------------------------------------------------------
This sounds great! The fact that it has NEVER happened in the entire histroy of UAL might make it a bit if a stretch. However, the basic premise is fine...pay employees to the downtrend and reward them during the good times. Unfortunately, IT NEVER HAPPENS! In fact, THAT is exactly what all the C2K contracts were about! They were supposed to be rewards for the billions in cost savings over six years that led to record profits for years, and are now being pertrayed by the company and all their analyst mouth pieces as the reason UAL is in the sh!tter.
Let's get real! Mgmt, certainly historically at UAL, has NEVER felt the need to reward the employees for performance. THEY, on the other hand, get multi-million dollar rewards for their excellent mgmt of economic conditions that, when positive, are THEIR fault, but when negative, are the unions fault. After all, all th employees are is just a cost-center for UAL mgmt to whittle away during the down times.
Grand gestures require grand thinkers. We lack both in abundance at UAL, so I don't hold out much hope for your upbeat scenario. However, were I to get stock options in lieu of the $67K paycut I am about to take, I would take it. UAL WILL survive, and stock options at these levels would make EVERY employee a millionaire in the years ahead, not just the mgmt guys who share them out amongst themselves!
mancityfan
Say that Ual had a steady profit year after year of 10 %.
----------------------------------------------------------------
This sounds great! The fact that it has NEVER happened in the entire histroy of UAL might make it a bit if a stretch. However, the basic premise is fine...pay employees to the downtrend and reward them during the good times. Unfortunately, IT NEVER HAPPENS! In fact, THAT is exactly what all the C2K contracts were about! They were supposed to be rewards for the billions in cost savings over six years that led to record profits for years, and are now being pertrayed by the company and all their analyst mouth pieces as the reason UAL is in the sh!tter.
Let's get real! Mgmt, certainly historically at UAL, has NEVER felt the need to reward the employees for performance. THEY, on the other hand, get multi-million dollar rewards for their excellent mgmt of economic conditions that, when positive, are THEIR fault, but when negative, are the unions fault. After all, all th employees are is just a cost-center for UAL mgmt to whittle away during the down times.
Grand gestures require grand thinkers. We lack both in abundance at UAL, so I don't hold out much hope for your upbeat scenario. However, were I to get stock options in lieu of the $67K paycut I am about to take, I would take it. UAL WILL survive, and stock options at these levels would make EVERY employee a millionaire in the years ahead, not just the mgmt guys who share them out amongst themselves!
mancityfan
