A community of 30,000 US Transcriptionist serving Medical Transcription Industry

I just had a thought!!! - GR8MT

Posted: Nov 15, 2012

What if we asked for stocks in the company as a benefit? I know Wal-Mart does this for their employees, because my SIL, who has worked for Wal-Mart for a long time, drew from her stock and traveled a distance and paid for a birthday party for her 3-year-old grandson and went shopping at our local mall and bought herself a wonderful new set of pots and pans (that new kind that is green and made out of ceramic) and just lived it up more than she could have done otherwise. Since the company is going so well, maybe we all could share in it just a little bit.

What makes you think management wants to share anything with us. Heck, - we let them get by with paying SM

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pennies per line. Why would they ever think they should give us stock. They dont want to share. They dont play nice, either.

They dont want to share anything. Heck, they barely pay us. - nm

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x

Stock - GR8MT

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Well, my thought was that Wal-Mart is not known for having the greatest of benefits and yet they do this for their employees, so maybe our company could just give us each a token amount of stock. It would greatly improve morale around here.

define "our" company and whose morale. you are speaking to those - from about 500 diff companies here NM

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????

Our company - GR8MT

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Well, the one that just sent out an email (called a V mail) bragging how it is one of the "top performing technology companies in the U.S. and Canada." Not to mention any names.

seeing as how I don't work with you, I have no email and no idea - where you are going with this. NM

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.

And some companies give pd maternity leave, chip in for child - care costs, pay for continuing education. SM

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But no MTSO will do that. Pure and simple. They do not want to share the wealth. They dont care about morale. If you are not happy, leave. They can hire someone else. And the cost of hiring a newbie obviously is not more than the cost of distributing free stock or they wouldnt do it. Bottom line is money. Not MORAL.

Bottom line is MONEY in management pockets. Our moral is - not an area a concern for them. nm

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x

Oops, but an E on that moral. - nm

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x

Double oops. Put. Put an e. - nm

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x

You are free to purchase the stock - of any

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publicly traded company at any time you want. There is nothing stopping you from owning stock in the company you work for if you want to. Just go buy some.

Stock - GR8MT

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That is not the point. They did give us better health care benefits, so I was just thinking of something else we might appreciate, that's all.

Exactly - anon

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I understand your point. In fact, many of the best performing companies such as Apple, Google, Wal-Mart (as you mentioned), etc. give company stock or stock options. It is how they attract and retain the best employees.

And the point I was making - was

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that if you think stock in the company is worth owning, you can buy it yourself. You don't have to wait for the company to give it to you (which would more likely be in the form of the option to purchase the stock at a certain price, which you would then have to exercise by purchasing the stock).

But ... - anon

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Yes. I realize that. BUT if the stock is given you as a type of bonus it's free. If it's a stock option, then you buy the stock if it has risen above the exercise price. So you either get the stock for free or at a reduced price rather than paying market value which is what you are saying we should do. It is two different things entirely.

I understood your point perfectly - however

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the point I seem to be unable to make clear is that if your goal is to own stock in the company, you can purchase it yourself.

And nothing is "free." There are tax consequences, even when the stock is "free."

And, since your friends seem to be doing so well with their Walmart stock, you could have the same experience by purchasing your own Walmart stock. People who don't work for Walmart own Walmart stock, too.

Give it up. The 2 big ones arent gonna give you anything for free. - Get used to it or go work for Walmart. nm

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x

I think that's a really good idea, gr8mt - sm

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I think it would be smart of these companies to put a plan like this in place. I wonder if you could suggest it! It's a good idea. (But they do all sound like stinkers, and somehow I doubt they'd do it!)

Sure, she could suggest it. No, it would not be implemented. We are already - working without it. Why would they give SM

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us stock options when we are already doing what they want, working for pennies.

On a side note...... - anon

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Personally I would not be "investing" any of my hard earned monies into stocks of any kind, and I don't care who is offering them and at one price. My intention is not to bring religion into this at all and by any means, but prophecy from the Big Book itself states that during the "end times" the stock market will fail, much like it did in 1929 and many people who counted on that money will lose everything because of it. We have already seen indications of this in just the past year. Things are not going well for this economy at all, whether it be for religious reasons or not. Even present stock "investors" are moving their money into more stable structures like CDs and IRAs. Why take the chance of losing everything you have hoping to become a 51% of a large company? Is it worth it?? Not to me, it would not be. I have a hard enough time keeping my money in my own pocket, much less wanting to lose it all to some scam wall street thing. According to the prophysies, banks are also doomed to failure in the end times. Many of these big companies have already had to be "bailed out" by our govt to keep solvent...why would you want to "invest" anything in those types of things? Not me. Right now my mattress is looking a whole lot better than some of these organizations. But this is just speculation and "information sharing" on my part and I am not looking for a debate on any of it. These are my opinions only.

I believe that when companies start to sell shares on - Wall St., thats when they lose any - sm

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sense of morality or fairness they may have had in the past. Once there are stockholders involved, it's all about the money, and the employees and clients become an afterthought. Look at the mess Facebook has become since it went public.

you got that right - they work for the stockholders

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The COO at MModal made a point of saying she believes in doing the right thing. She needs to take that out of her resume.

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