Last week, the insider trading course was assigned.
Employees were taught to be "Ethical", "Lawful".
"Don't trade on that day. Uncle Sam is carefully watching on all transactions of that day with his big a-s computer"
What happened?
8 replies (most recent on top)
Looks like all fake news
Stock doing good
To professional staff, good luck ever getting the year end bonuses. Enjoy watching your specialist and technicians get a mid year 7% bonus while you get nothing but rug pulled this summer after a full year of effort. LOL. Please do yourself a favor and graduate out of this company if you are under 40
Jan 21 STX rose quite a bit after quarterly financial report. The key take is net cash flow 150M, which is 50% of the 300M fine by US gov. WoW
US gov should have fined STX more because Seagate is rich. LOL
ESPP is a way for the company to reduce cash costs. If everyone fully participates, the cash cost of compensation goes down 10%. STX is way more cash poor than management is letting on.
Seagate green and is NOT people 😜
Profit over people has always been the C suite chant in the over 20 years I have been working here. They have always used people as ballast. Example .. cutting pay, then saying we will give it to you in stock next year as a thank you, but they lay you off before the year is over. It is what is is.. you will be happier if you don’t drink the coolaide.
Anybody notice the unusually hard ESPP push this time? Can the company somehow tap into employee cash before it’s used to buy shares? Or is it important to soak up shares next quarter because bad news is coming. Theories?
Ethics and Seagate. Doesn't seem to go together.
The systems group is being sold. I have not heard to whom but it is a done deal.