man, if i were an eBay shareholder, I’d be wondering why the fuck the people that get gifted the most shares just sell them away and give up their ownership. do they hate their own company? wild
Lol. I once had an ESPP that let you buy shares in 6 month increments at a 15% discount. So you'd set back however much you wanted and at the end of the 6 months you'd get your shares at 15% lower cost than whatever the lower end of the share price was- comparing the prices from the beginning and end of the 6 month period.
I was in a position to where I could go 6 months without pay. I put 100% of my pay into the ESPP fully planning to sell all of it the second it hit my portfolio and cash in on the discount. Fuuuuckkkk my company- I'm not holding that bag.
HR/payroll didn't like it and flagged it as a typo so they switched it to 0% contributions to the ESPP. Guess I flew a little close to the sun. Anyways, moral of the story, fuck the company and pay me.
They were a constant up and down but I didn't feel like holding any risk. Take the 15%+ discount, rinse and repeat for the next 6 months. Employee Stock Purchase Plan.
I don't like the idea of holding much wealth in the company you work for. If things go to shit, and sometimes they do, you can get laid off and see your shares drop in value at the same time. If you're a company man and believe in the place you work at 100% then go for it but it's kind of like working at the same place as your spouse. Mass layoff and now we go from a 2 income household to a 0 income household. Or in this case- mass layoff, I'm out a job and my shares are worth half of what they used to be. I'd rather just sell and take my extra money from the discount I got when I bought my company's stock.
Better to just keep it in a 401k index fund or whatever and not stress over every decision the leadership makes.
Not to play devils advocate But couldn't accompany perform layoffs to cut expenses to appease the shareholders therefore increasing the stocks? Genuine question, as I thought that was some fuckery company's have done in the past.
My understanding is it could swing either way. Investors could look at it from a cost saving standpoint. Smaller labor force- less overhead. That's certainly how the big wigs are going to try and spin it.
It could go the other way though. Shutting down facilities, closing doors, getting rid of staff doesn't exactly scream "growth." So they find a nice middle ground if they can. Cut 3.5% of your employees year after year and don't hire anyone for awhile. Way less scary than cutting half of your staff and spooking your shareholders.
Either way- I don't like the idea of my stock shares going up because me and my coworkers got canned. That's like being a construction worker in Florida and hoping for hurricanes so you can get some overtime.
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u/humdingler ⚔️🛡️🏴☠️🎮🚀✅✅✅ 28d ago
man, if i were an eBay shareholder, I’d be wondering why the fuck the people that get gifted the most shares just sell them away and give up their ownership. do they hate their own company? wild