by The Black Forrest » Thu Nov 10, 2011 7:51 pm
by Demonatrix » Thu Nov 10, 2011 7:57 pm
The Black Forrest wrote:Zenga is about to go IPO which is estimated in the billions.
They decided they gave out too much stock. So rather then do a reverse split as many companies do.
Give us your unvested or be fired!
What a way to kill loyalty!
I almost accepted a position there. Glad I didn't.
http://news.cnet.com/8301-13506_3-57322 ... -be-fired/
by Lackadaisical2 » Thu Nov 10, 2011 7:59 pm
The Republic of Lanos wrote:Proud member of the Vile Right-Wing Noodle Combat Division of the Imperialist Anti-Socialist Economic War Army Ground Force reporting in.
by Lubyak » Thu Nov 10, 2011 7:59 pm
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by Lackadaisical2 » Thu Nov 10, 2011 8:01 pm
Lubyak wrote:One would think they should BUY back their stock...
The Republic of Lanos wrote:Proud member of the Vile Right-Wing Noodle Combat Division of the Imperialist Anti-Socialist Economic War Army Ground Force reporting in.
by Ethel mermania » Thu Nov 10, 2011 8:02 pm
by The Corparation » Thu Nov 10, 2011 8:04 pm
Nuclear Death Machines Here (Both Flying and Orbiting) Orbital Freedom Machine Here | A Subsidiary company of Nightkill Enterprises Inc. | Weekly words of wisdom: Nothing is more important than waifus.- Gallia- |
Making the Nightmare End | WARNING: This post contains chemicals known to the State of CA to cause cancer and birth defects or other reproductive harm. - Prop 65, CA Health & Safety | This Cell is intentionally blank. |
by Demonatrix » Thu Nov 10, 2011 8:12 pm
The Corparation wrote:Saw this in paper earlier. I think its retarded if they really want the stock back that badly why don't they just buy it back rather then stealing it back?
by Korintar » Thu Nov 10, 2011 8:15 pm
The Black Forrest wrote:Zenga is about to go IPO which is estimated in the billions.
They decided they gave out too much stock. So rather then do a reverse split as many companies do.
Give us your unvested or be fired!
What a way to kill loyalty!
I almost accepted a position there. Glad I didn't.
http://news.cnet.com/8301-13506_3-57322 ... -be-fired/
by Lacadaemon » Thu Nov 10, 2011 8:18 pm
Yootwopia wrote:There has to be some way to fuck these guys based on existing contract law...
by AiliailiA » Thu Nov 10, 2011 8:59 pm
Yootwopia wrote:There has to be some way to fuck these guys based on existing contract law...
Cannot think of a name wrote:"Where's my immortality?" will be the new "Where's my jetpack?"
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by Katganistan » Thu Nov 10, 2011 9:12 pm
by Consaria » Thu Nov 10, 2011 9:18 pm
by Galloism » Thu Nov 10, 2011 9:19 pm
by Norstal » Thu Nov 10, 2011 9:35 pm
Toronto Sun wrote:Best poster ever. ★★★★★
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by The Corparation » Thu Nov 10, 2011 10:07 pm
Katganistan wrote:Might be worth it to them to keep the stock and look for another job.
Demonatrix wrote:The Corparation wrote:Saw this in paper earlier. I think its retarded if they really want the stock back that badly why don't they just buy it back rather then stealing it back?
I start a company worth $100, I employ you at bugger all wages, and give you $5 worth of stock in place of the wages the company cant afford...
We work had, the company is worth $100,000,000, so I decide to sell my 95% of the stock and retire to a tropical paradise...
But that means you make $5,000,000 just because you agreed to work for me, 20 yrs ago...
That aint right, and I'm not going to PAY you $5,000,000 for those shares, no I'll steal them because it's cheaper...
Mwahahahahahahaha...
Does that answer your question?
Nuclear Death Machines Here (Both Flying and Orbiting) Orbital Freedom Machine Here | A Subsidiary company of Nightkill Enterprises Inc. | Weekly words of wisdom: Nothing is more important than waifus.- Gallia- |
Making the Nightmare End | WARNING: This post contains chemicals known to the State of CA to cause cancer and birth defects or other reproductive harm. - Prop 65, CA Health & Safety | This Cell is intentionally blank. |
by The Black Forrest » Thu Nov 10, 2011 10:19 pm
Demonatrix wrote:
I start a company worth $100, I employ you at bugger all wages, and give you $5 worth of stock in place of the wages the company cant afford...
We work had, the company is worth $100,000,000, so I decide to sell my 95% of the stock and retire to a tropical paradise...
But that means you make $5,000,000 just because you agreed to work for me, 20 yrs ago...
That aint right, and I'm not going to PAY you $5,000,000 for those shares, no I'll steal them because it's cheaper...
Mwahahahahahahaha...
Does that answer your question?
For an economic standpoint yes. But not a PR one. IT makes them look like an ass. As it is people probably aren't as likely to apply there now seeing as they'll realize that the stock they're being given can easily be taken from them to sucker in new staff and the staff they have aren't going to be happy with it.
by Lacadaemon » Thu Nov 10, 2011 10:25 pm
Katganistan wrote:Might be worth it to them to keep the stock and look for another job.
by Ikonoclast » Thu Nov 10, 2011 10:40 pm
The Corparation wrote:Demonatrix wrote:
I start a company worth $100, I employ you at bugger all wages, and give you $5 worth of stock in place of the wages the company cant afford...
We work had, the company is worth $100,000,000, so I decide to sell my 95% of the stock and retire to a tropical paradise...
But that means you make $5,000,000 just because you agreed to work for me, 20 yrs ago...
That aint right, and I'm not going to PAY you $5,000,000 for those shares, no I'll steal them because it's cheaper...
Mwahahahahahahaha...
Does that answer your question?
For an economic standpoint yes. But not a PR one. IT makes them look like an ass. As it is people probably aren't as likely to apply there now seeing as they'll realize that the stock they're being given can easily be taken from them to sucker in new staff and the staff they have aren't going to be happy with it.
by New Chalcedon » Fri Nov 11, 2011 12:25 am
Lackadaisical2 wrote:Uh... sounds like bullshit at first glance, but if the vestment of the stock was dependent upon staying employed I guess it wouldn't be illegal. Seems pretty fucking shady though.
by Lackadaisical2 » Fri Nov 11, 2011 12:29 am
New Chalcedon wrote:Lackadaisical2 wrote:Uh... sounds like bullshit at first glance, but if the vestment of the stock was dependent upon staying employed I guess it wouldn't be illegal. Seems pretty fucking shady though.
Not quite, from what I read in the article. The stock was theirs - the article made mention of a former employee - and then the corporation told them to give it back.
And, of course, the corporate kludge that is the MSM will ignore this illegal activity, because it's being committed by a big, rich corporation - and it's so much easier to bash unions for exercising their right of association than to cover real news like this.
The Republic of Lanos wrote:Proud member of the Vile Right-Wing Noodle Combat Division of the Imperialist Anti-Socialist Economic War Army Ground Force reporting in.
by Risottia » Fri Nov 11, 2011 12:31 am
The Black Forrest wrote:Give us your unvested or be fired!
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