what happens to the shares that we buy as part of a salary sacrifice scheme now. ? the shares are not trading now I dont think so how do we understand the value of these?
Can we still sell them and should we stop buying them?
14 replies (most recent on top)
How many people are sacrificing salary for stock?
@dv The stock hasnt been delisted. OPTIONS TRADING has been delisted. It basically means that the stock is too volitile and you can't "BET" on them anymore. Just buying and selling, no more puts calls or leverages.
The price has to be below $1 for a while before they are completely delisted
@dt the stocks have been delisted. They are worthless.
What do you mean they have stopped trading? Didn’t you get actual stocks you can trade on the exchange ?
This is not new we have been doing this for years and avoids tax when we want to sell them .. if only they had not lost more than the tax is worth. The point is if they have stopped trading can we still sell them?
Complete desperation. If you agree to it, you’re completely stupid. This company HAS NOTHING MORE TO GIVE.
It's not that you're stupid if you take a salary cut for stock, it's that the senior leadership personally believe you are stupid and that you will do this. You should be offended.
Zero of zero is zero. For anyone that has been asked to do this know that you are ONLY padding the pockets of the board. One thing we know about Xerox is if they are offering anything at all that sounds enticing they are not doing it for employees. For anyone who thinks otherwise you are naive.
@OP And when bankruptcy comes they can be worth zero.
@ag oh, the Enron model
obviously some of you don’t understand the scheme.
You sacrifice between £50-£150 per month ( not a pay reduction, as this has been running for 20+ years ). They purchase shares for you and put them in your account, so £70 a month gets you about 50 shares ( 70 x 1.35 then $1.95 per share ).
Just think of ll the loyal long term employees who were putting £100 per month into this over 20 years. The stock is probably worth less than 10% of their contributions over time.
Some reward for long term savings. Not.
@ac This is now the 2nd reference I have heard to employees (U.K.) being asked to take a salary reduction. But first that mentioned stock option... my GUESS is that its some kind of deferred payment/compensation. like we will give you X amount of stock valued at whatever stock closing day is in return for salary reduction but its a restricted unit.
So you give up $200 worth your paycheck (stock closes @$2 on payday) so you get your regular paycheck MINUS $200 PLUS 100 shares that are released at some later date... we just printed 77 million new shares. that way employees are still being "compensated" but no actual cash has to go out
@OP Salary sacrifice scheme? What fresh he-l is this?
What?