Wow, couldn’t wait until this morning to see the new price for our ESOP. With all these cuts I would think it would positively impact our ESOP…yeah right this is BS. This ship is going down I’m cashing out and putting my money into index 500, should’ve done it years ago!
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The CEO works for the owners. The employees are a tool for them to achieve the goals.
I think it is childish to believe that the CEO works for the employees. He is there to make money for the family and whoever owns the company.
From the workers POV it is for sure not doing his job. And yes, this whole process is being extremely poorly conducted.
But if I'm getting 2B back as an owner, I would say he is doing a very good job.
If you think that they are there to think about planning and building a strong company for the workes. Just let me remind you that the last year's were the best in history and they did not think twice to lay off 5% when a breeze hit the boat.
“Because the ceo is doing his job...”
Said NO one EVER
The CEO needs to build a real strategy first for how he is going to grow the company and take care of his employees. Not rely on yes man direct reports who only hand out big paychecks to consultants.
Because the ceo is doing his job...
Why isnt the family firing the CEO and all his leadership team buddies yet?! Someone should share this website with them…
Same. Cashing out LTI and also dont forget to move the 401k cargill stock to a different fund.
If you look at performance over time, the Cargill ESOP is well behind the S&P500 over the last 10 years. Unless there's some reason to believe it's going to spike upwards AND won't be manipulated again to magically drop before the next open window, seems like an awful investment. I'm a little mad at myself for having never looked closely at this in the past.
I'll be pulling my $$ out and reinvesting elsewhere. Which is exactly what they want, but I'm not wiling to let it stay there and see what happens next....
It’s all rigged. That’s why the family took that massive dividend last year.
Hope they crash and burn. They are disgusting how they treat people once they are no use to them.
How convenient to lower the value right at the time they need to payout impacted leaders exiting the company. I dont trust the ethics of this company one bit.
Yeah... that value off course reflect the value not the convenience to buy them back.
If they say if is worth 10 bucks, who can challenge that? But they will be happy buying all that back for cheap then later the price is higher and convenient again.
They are not crashing. The same way they are not in a financial crisis. The same way the whole process was not people first.