FlyerTalk Forums - View Single Post - WN reports most recent quarterly financials
Old Jul 23, 15, 3:11 pm
  #10  
oswaldjacoby
 
Join Date: Jun 2005
Posts: 536
Implications for Labor Contracts

As a shareholder, I like all these profits---and have benefited from the 100s of millions of dollars going into increased dividends and stock buy backs.

But I am sure labor will be pointing out that some of this cash should be going to the employees. In the past, SW poured profits into growing the business--something that benefited both shareholders and employees. Perhaps the economics no longer support growing the business, but it makes it really hard for SW to claim that paying its employees more will threaten the business--since it is pretty clear it will just change the balance of $$ between employees and shareholders
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