Documents show potential 40% return for employee owners
ncluded with the stock buyback offer made to shareholders this week is the disclosure of financial assumptions used by Tribune and its advisors during the auction process. Chicago Tribune's Michael Oneal explains the upside and the downside of what those documents reveal.
Not for us, Eddie, we face the same risks as the rest of the employees and yet do not stand to benefit from any potential windfall. I guess this is one of the "benefits" of being in the union.
ReplyDeleteWhy do you believe that we will not be included in the ESOP? You're an employee, and it's an "Employee Stock Ownership Plan"
ReplyDeleteThis windfall you speak off is dependent upon turning this company around, and as you can see they are resorting to cutting again, instead of growing.
We are in the best position we have ever been under Tribune's management and have an opportunity to literally ask for the things we need and deserve as Los Angeles Times Pressmen and Presswomen. That doesn't mean to imply that we will get all that we ask for, but I know for a fact that we don't have to give anything to get something, including participation in the ESOP. Everything is negotiable.