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The pilots in Aer Lingus purchased 2% of the company for €30 Million. Doesn't that value the company at €1.5bn?
If so why doesn't the government now have €1.5Bn in the national retirement fund or being ploughed in to infrastructure now.
Seems the public got a very poor deal on the sale of Aer Lingus.
I question the wisdom of the government retaining shares in Aer Lingus - what return are they getting on them.
I question the employees right to any shares too. Yes, they are stakeholders but who said they should be shareholders.
Was the sale of Aer Lingus a floatation or a firesale?
Will the ESB floatation be any better?
We're running out of assets we can sell now and this government seems to be intent on just giving them away.
That's capitalism for you - red in tooth and claw.
The valuation of the shares in Aer Lingus is market driven. The Government had to pitch the price to make it attractive for investors - they had to be undervalued.
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and there was me thinking that shares were valued according to the dividend they produced or expectations as to growth and future value of the company in which the shares are held.
and there was me thinking that shares were valued according to the dividend they produced or expectations as to growth and future value of the company in which the shares are held.
so why can't the Government achieve the price.
I question the employees right to any shares too. Yes, they are stakeholders but who said they should be shareholders.
Why shouldn't the staff get shares? I would imagine that most if not all public companies give their staff an equity interest in the company. Good luck to them.
.. our Government just follows the path of least resistance and gives assets away.
Why shouldn't the staff get shares? I would imagine that most if not all public companies give their staff an equity interest in the company. Good luck to them.
The other 11.9% is NOT being GIVEN to them - they are BUYING it through further foregone wage increases and performance pay.
Especially in light of the fact that they largely co-operated with the sale and surrendered government backed stability in their futures!
As far as I'm aware, it's only the Government who "give" away shares to their employees
FWIW .. AIB & Bank of Ireland 'give' stock to staff, valued as a percentage of salary. The percentage depends on profit and cost targets.
The shares are held in trust for 3 years so are tax-free. The only tax payable is CGT when they are sold.
Alternatively the individual employee could receive a cash payment to the same value & that is taxable.
That's fine. No problems there. The staff are receiving the stock as a bonus depending on targets achieved.
They're not receiving them just because they're employees. Back to my question to the Aer Lingus employee. Sorry, over to you meccano.
That's fine. No problems there. The staff are receiving the stock as a bonus depending on targets achieved.
They're not receiving them just because they're employees.
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