They do get cash - they get your cash for 6 months to use as they want. it says in the terms and conditions it is not ring-fenced and can be used for any corporate purpose
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They don't get cash if buy the stock.
why now and why offer it to non management employees
Hell no! Have not seen a raise for years. The bonus I use to receive is no more. No matching 401. If I leave or get laid off I just give away the vacation hours I have earned. This is not in my best interest at all.
Read this - especially the part about companies in trouble offering a stock purchase program...
http://www.asktog.com/columns/025ESPP.html
How about instead of offering 10% off this sh--ty stock, give us our 9.23% pay cut and 401k match back?
ESPP is a good thing when you work for a company with a solid track record. WFT is not one of these. Sorry Bernie, I will stay away from it and put my money somewhere else.
Why waste your hard earned cash, he's got some balls offering that !!!!
they desperately need the cash
Bernie: "I will gladly pay you Tuesday for a hamburger today"
Didn't weatherford just make its employees sell the stock in 401k?
They are really offering that? That's so... Enron-esque.
Not a stock expert. But if the game is buy low, sell high, this should be the time to get in. However, with the oil futures trending down / stagnant prices lingering well into 2017 it could be a while before the stock regains serious value...if it does at all. I'm still not sold on WFT being out of the woods yet. I don't think il be enrolling.