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I worked for private sector companies all my life. One had "mandatory" stock options that went to $14 during the dot-com boom (regular employees were'nt allowed to sell of course, only top brass) , to eventually being delisted from the NASDAQ and then worth nothing at all!! Not to mention employees were "forced" to buy this stock (meaning we had no choice), and not allowed to sell until months after they left the company. Many people lost large portion of their life savings.
My next company (Once a regular on the 100 best companies to work for), the stock went went from over $50+ and now sits steadily at $8!!
Now let me ask...those in the public sector...our states and municipalites (and country for that matter) are probably MORE bankrupt than those companies on paper. Would you like to trade those stock options for your pension?
Only a connected few at the top get any real "options"...please don't make that silly argument.
I worked for private sector companies all my life. One had "mandatory" stock options that went to $14 during the dot-com boom (regular employees were'nt allowed to sell of course, only top brass) , to eventually being delisted from the NASDAQ and then worth nothing at all!! Not to mention employees were "forced" to buy this stock (meaning we had no choice), and not allowed to sell until months after they left the company. Many people lost large portion of their life savings.
My next company (Once a regular on the 100 best companies to work for), the stock went went from over $50+ and now sits steadily at $8!!
Now let me ask...those in the public sector...our states and municipalites (and country for that matter) are probably MORE bankrupt than those companies on paper. Would you like to trade those stock options for your pension?
Only a connected few at the top get any real "options"...please don't make that silly argument.
Only a connected few at the top get any real "options"...please don't make that silly argument.
It depends on the industry. The last private company I worked for offered everyone options after 1 year of employment, right on down to the guy in the mailroom.
It depends on the industry. The last private company I worked for offered everyone options after 1 year of employment, right on down to the guy in the mailroom.
I would guess that MOST industries don't get them. Dot Com era? Sure, but I don't think so today
Somehow the county can afford this but cant afford more $$ for bus service. Mangano is more of the same....
The MTA should have never cut those services while you have people at the MTA, OTB, Nassau County legislature and the executive branch traveling to work in county cars.
Any company that has tried to recruit me has tried to dangle options.
But in the end, who cares? I mean, really. The private sector is ugly because the workers in the private sector let it be ugly. That's not the civil service's problem. Never has been, never will be.
Most private sector workers receive stock options, matching 401k, and nice easy life. All weekends off, holiday's off and the safely of an office. How many office workers die or get injured seriously on the line of work compared to cops and fireman etc?
If anything you should complain about corporation greed and their slow breakdown of private sector pensions and benefits so they can fatten their greedy wallets.
Come out into the real world and you will see that they match only a FRACTION of what you put in. PLUS. if they don't want to, they don't have to match anything. You write this like private sector companies all match 100% of employee contributions.
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