icantbelieve
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it shouldn't be hard to make money out of this irrespective of how the company is run
That's not quite the same thing as claiming that giving the workers a large shareholding is beneficial for all shareholders though, is it? In Eircom's case, the workers/unions used their large holding to vet the groups trying to takeover Eircom. Basically they conducted a "side deal" which guaranteed benefits to themselves (including increased ownership of the company and presumably guarantees regarding work practices) at the expense of smaller general shareholders. This obviously demonstrates that the interests of the workers/unions were not aligned with those of the shareholder.Eircom worker/shareholders have an incentive not to wreck what for them has been a very good thing - they are a lot less likely to strike etc. knowing that it will hit their shareholding hard.
US and other multinationals do the same thing by offering share options. They don't hand over 15% of the company for free. I agree with your general point but I think the people of Ireland were shafted when the employees of Eircom's ESOP was set at 15%. I'm not sure if the blame for that should rest with the unions of the government though the unions were just doing their job...can you not agree with my basic point that by giving workers a shareholding in a company, the company is aligning workers' interests more closely with those of the shareholders generally?
What, she'll work like a black?lets hope she does not get elected because if she does....
the primary purpose of which is to apparently satisfy our own demented desire to win a morality race
delgirl said:Rula Lenska on last night's Celebrity Big Brother (yes, I watched it) called someone a 'lying Arab' and then slapped her had over her mouth, realising what she had just said!
It's easily done, but Mary should have apologised.
stuart said:But it wasn't and an apology should have been made, and not to the workers
TarfHead said:Apologise to whom ?
All people of African ancestry.
The continent of Africa.
Where do you start ?
Where do you stop ?
ronan_d_john said:But was the person that was lying actually an Arab (Faria Alam?)? If they were, what's the problem????
stuart said:I am not asking her to apologise to each person indvidually, but an acknowledgment that her phrase was inappropriate would be about as far as I would see it.
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