There are a host of other real expenses that need to be paid that "adjusted operating profit" doesn't account for. I'd be really surprised if total net profit was more than 50-65% of that.
To emphasize: that point I can totally agree with. While I don't know the details of all the reasons this union is striking, I can certainly imagine lots of good, plausible reasons, and stock buybacks (if they are egregious) would be at the top of the list.
I was just pushing back against using "big tech comp packages" as some sort of baseline for what unions should be pushing for. It is completely unrealistic and people who say stuff like this hurt their own cause by not living in reality.
