I was worried but feel better now that my manager at PLXS told us to cut our travel costs yet the executives will still have access to the private jet which costs over $2million annually for the access and insurance. I'm no finance analyst but if PLXS profit margin is 10% wouldn't they have to do over $200million in sales to recover? If the PLXS executives, as well as the board of directors who also flys in this plane, really want their stock to have value for you stockholders this should be an expense that gets eliminated rather than hundreds of local jobs from employees that helped get the company to where it is at today!
Actually 20 million not 200 million - but that is still a lot. As a shareholder I would much rather have half of that go to the bottom line. (there would still be the cost of commercial travel - probably 1st class.
These guys may deserve their JetPerk. Their steadfast refusal to accept disappointments or set-backs and their draconian ability to fire scores of employees to right the ship puts them in a class by themselves. After all, if they had a conscience this company would be $4.00 like the weak-willed ninny competitors they've left in the dust. Let them have their jet, paint it Red, for the Power of Blood and Sand.