Gotta love the corporate greed. Making money like crazy, yet cut the people who actually do the work. Shareholder value over anything else.
If only everyone just didn't show up for work for a few days. The leadership team would see how little they contribute to the company.
“These things matter. They drive the cost of borrowing/financing and the ability to raise capital. They also matter to the pension, the savings plans, the stockholders (which includes most employees). They matter to people getting RSUs. In short, they probably matter to you.”
Finally someone with a brain made a comment. You can actually analyze and I hope your colleagues can do the same.
Why do people insist on numbers without context? It's not smart.
September 2023 profit margin - 6.31%. Or, to put it another way, less than the average bakery. And down 49% year over year. December 2023 earnings per share, missed target by 3.59%.
These things matter. They drive the cost of borrowing/financing and the ability to raise capital. They also matter to the pension, the savings plans, the stockholders (which includes most employees). They matter to people getting RSUs. In short, they probably matter to you.
Even better, take the last week of Feb off for Mental Health Stress.
I’m onboard.
I have not heard any oil and gas or energy companies bailed out by government. They either survive or go bankrupt. Remember Enron? Be realistic about your expectations, shareholders comes first.
Doesn’t mean you’re tired of capitalism doesn’t make it not true. Regardless how you argue with it, they will layoff employees and increase dividends so accept it.
The whole allegiance to shareholders and this is how capitalism works is such a tired argument.
Let's be real - If Enbridge Execs ran the company into the ground by keeping employees and paying salaries, they would cry out loud in public and claim they "are too big too fail" and ask for a government bailout. Shareholders are taken care of in this situation better than employees and Execs' get big bonuses - and the general taxpaying populus su-ks it up so shareholders can be compensated and execs get their big bonuses.
If Execs layoff employees, and still run the company into the ground, they cry out loud in public, same thing happens above. Only means that MORE people lose their job, and said payouts by taxpayers go straight back to shareholders and execs fat bonuses.
all the posters here whom praise shareholder focused culture are narcissistic, egotistical, and only focus on themselves at the expense of others.
give it a rest, and maybe we will let you become part of the human race again.
or don't - don't worry, taxpayers will bail you out anyways so you can have your next yacht or mistress regardless of outcome.
Last reply: if you’re really a shareholder you will know that the stock had been going up and down since 2015 so don’t be so melodramatic. That’s what stocks do: it goes up and down, the 2015 price is same as 2022 price. Look at the chart, oh you don’t know how to look. Your exaggeration doesn’t help. And look at the dividends, they had been increasing it.
If you know how to look you could have sold when it was $60CAD and bought again at $35-$40. People should learn the basics.
And don’t put all your retirement money in one stock especially if it’s your employer stocks. Imagine waking up one day, your pension is gone and your stocks are gone (this is a worst case scenario). Learn how to protect your own money, your employer doesn’t care about you after they got rid of you. You’re not owed anything.
Yes companies have a legal obligation to shareholders but as a shareholder all I see is a stock that’s been dropping since 2015 and I don’t see how 650 people arbitrary losing their jobs is supposed to fix that.
You described exactly what every large publicly listed companies do. Welcome to capitalism buddy.
Now that you’re aware of this, clean up and iron out your personal finances so that even if you get laid off you don’t get hungry.
Hi Greg! Looks like Al’s here too!
Agreed. If you think any company is created to make the employees happy you’re gravely mistaken. It’s all about the shareholders…as it should be. It’s incumbent on the employees to find a job that makes you happy and pays enough. Not easy but doable.
Excellent. Increased profit through cost reductions and removal of inefficiencies is the correct way to go I order to turn this stock price around. Whether you like it or not the Shareholder is always King in a publicly traded company.