Got my BK shares. Worthless garbage
23 replies (most recent on top)
I started in 1991 and there was no recruiter and no bonus. First bonus ever was in 2010 and the bank was clear that bonuses are not guaranteed. I know for a fact that they are still optional and very wildly from year to year. Anyone fortunate enough to receive one should understand that.
That’s fine when “your excepting the job” but what about when “you’re accepting the job?”
No. When your hired the recruiter tells you what percent bonus you can expect each year. So when, excepting the job, you factor that into your pay…
Those are two entirely different things which have nothing to do with one another.
Every year they cut the compensation package in some fashion. Getting a bonus is a bonus and assuming that you’ll get one for any amount in any year is foolhardy.
They did spend $26,203,800 on stock for all of us. Bonuses have NEVER been a guarantee and have always been and always will be a cr-p shoot. I’ve seen Bon uses cut the bone far more times than a surprise to the upside.
It’s not like they cut your pay, they reduced the level of the optional bonuses. Now a pay cut would be serious because that is supposed to be base level compensation. That’s a whole different deal.
@6rtg,
They didn't spend $26,203,800. They saved $104,815,200 on bonuses.
Awesome! Hopefully you won’t need that payday loan this month.
Don’t obsess over it. Just cash it in.
It’s a flatliner stock so simply sell it and take the family out to a nice dinner.
Anything more is overthinking it.
Perhaps you can ask your former coworkers who universally hate the free Bank stock to cash it in and share it with you?
Of course. It was a general announcement and you weren’t around for the grant. Why would you think that you would get the grant after your employment had ceased? That would be odd wouldn’t you think?
In your case, you should clearly learn about them. Maybe start to learn about the stock market. Possibly set up your Fidelity account for Dividend Reinvestment. It is a beautiful thing that Robin has done for us all. This is your chance to learn about equities, building wealth and investing for the future.
Ignore the mo--ns and move beyond them.
The Bank just spent approximately $26,203,800 to give all employees company stock.
And somehow the employees turn it into a bad thing. The entitlement mentality here is stunning.
This is possibly the most confused post on this board.
Have you considered selling your “400 Rolls of Toilet Paper” Worthless BK shares garbage?”
“This seems like a new tactic and desperate attempt to have more shares outstanding”.
Why in the world would the Bank want more shares outstanding? corporations buy back their stock to improve their PE ratio.
Repeat after me… “this person actually works at the Bank”.
“What are we supposed to do with them...?”
Repeat after me…” this individual works for the Bank”…
I was part of layoff effective January 30th. I did not receive even tho I was employed when announced, go figure.
wrong - rock solid shares worth same as 20 years ago
This seems like a new tactic and desperate attempt to have more shares outstanding
What are we supposed to do with them...?
through Fidelity
how do you see it in your account?
couldn't sell it fast enough!