Don’t count on getting the RSUs before Jan 10. Broadcom play with no VMware control.
8 replies (most recent on top)
Employees want Kia Soul. LOL.
There are about 430 million shares outstanding.
- 5 B$ would be about 3.5$ per share. You can buy a Kia key chain.
I understand the stock that was voted being held however anyone that had RSUs vesting Nov 1 that cant sell these is an issue... I know several people that sell RSUs on the day they vest typically and have built this expectation into the own budgeting etc - now that this is not something they can do it starts to impact plans and income.
Broadcom could just decide the stock election for us and VMware could release the stock. Holding the stock like this is unethical.
Why would anyone be dump enough to think that employees are entitled to that $1.5B, beyond whatever stock is owed by employees? Only shareholders are entitled to it, and only as much their existing ownership of VMW stock.
Post from TheLayoff.com
$1,500,000,000 / 37,000 employees = $40,540 per employee (taxed at a bonus rate not salary) * 60% (safe assumption for most states that have state income tax) = $24,324
so, ~$25k net in our pockets would be a fairly loaded brand new Kia Soul. But ALAS, MD and SL will take a >50% stake in that cash. BYeeeeeeeeeeeee
However this ends they should give us some form of compensation with one time bonus or small rsu grant that vests immediately. Or split the $1.5B termination fee with all employees
RSU is frozen because Broadcom is keeping the stock/cash elecrion frozen. Report Avago to FTC and SEC
antitrust@ftc.gov
https://www.sec.gov/complaint/select