Thread: ESOP United
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Old 05-16-2020 | 11:44 AM
  #6  
Andy
Gets Weekends Off
 
Joined: Mar 2006
Posts: 5,213
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From: guppy CA
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Originally Posted by holeybuckets
ESOP stock was a necessary deal (subject to opinion) with poorly negotiated restrictions. The shares were non voting and you couldn't sell them until you retired. What union leadership would sell that to it's members? The same leadership that gave us a bad bankruptcy contract. Why not give me the same stock management gets, discounted, voting, and I can sell almost immediately. Sorry in advance for the rant.
Dubo was the driving force behind ESOP. One of his many flaws.