Thread regarding Weatherford International Ltd. layoffs

What do you guys think about the plan being mooted to pay employees a % of salary in stock that can only be sold 1 year later?

Its to help improve the companies cash flow in difficult times but I can't afford this as I need to feed my kids with cash and not stock I can't sell

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| 1921 views | | 14 replies (last August 2, 2016) | Reply
Post ID: @OP+IFKfRsJ

14 replies (most recent on top)

Play the lottery, chances are better you will make money

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Post ID: @1rsm+IFKfRsJ

is this another one of Bernard's bright ideas?

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Post ID: @1jel+IFKfRsJ

Very soon a roll of toilet paper will cost more than WFT stock.

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Post ID: @1vms+IFKfRsJ

and stock was down 44 cents today

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Post ID: @1izi+IFKfRsJ

Is this really in the works? Is this going to happen?

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Post ID: @1iib+IFKfRsJ

I believe Enron had a deal like that.

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Post ID: @1rqx+IFKfRsJ

I would gladly pay you Tuesday for a hamburger today.

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Post ID: @gui+IFKfRsJ

If this is a plan, it's a horrible plan.

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Post ID: @mwp+IFKfRsJ

Depending on market conditions, commission fees, terms and conditions, my own financial status, etc etc... I might buy some but nothing more than $100 a month max.

And my advise is, stay away from ALL stocks unless you know what you are doing and are able to absorb possible losses.

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Post ID: @tmy+IFKfRsJ

This sounds illegal. I could see it being optional maybe.

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Post ID: @gci+IFKfRsJ

This smells of desperation and my dogs excrement is worth more than our stock right now

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Post ID: @sxj+IFKfRsJ

A penny raise per hour would be more useful to me than this stock plan. Thanks anyway though, its good to know the peasants were brought up in a meeting once. More rice please !

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Post ID: @jbe+IFKfRsJ

Bernie makes last chance effort to screw remaining employees.

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Post ID: @zsi+IFKfRsJ

Might as well pay me in toilet paper it will be worth more in a year. If oil prices don't rebound in the next 2 weeks I doubt weatherford will survive into next year.

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Post ID: @tnx+IFKfRsJ

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