Eircom ESOP: when's our next windfall?
- Thread starter luckylou
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Re: eircom esop when's our next windfall?
Okay. My source is of the opinion that that payment will be withheld for 2009. The money will be kept in a fund (ha!) and distributed at an undecided date in the future. A case of live horse and get grass. If the money is there we should have it.
My problem is that I have been told that this decision has been made in order to avoid a PR storm. Not a good enough reason in my opinion to hold anything back. I'm sorry, but our so called representatives on the board of trustees are clearly not working in the interests of union members. We gave them a mandate to act on our behalf but surely this can't go unchallenged in the face of a major error in judgement, which I believe this to be.
Is there anything we can do?
Okay. My source is of the opinion that that payment will be withheld for 2009. The money will be kept in a fund (ha!) and distributed at an undecided date in the future. A case of live horse and get grass. If the money is there we should have it.
My problem is that I have been told that this decision has been made in order to avoid a PR storm. Not a good enough reason in my opinion to hold anything back. I'm sorry, but our so called representatives on the board of trustees are clearly not working in the interests of union members. We gave them a mandate to act on our behalf but surely this can't go unchallenged in the face of a major error in judgement, which I believe this to be.
Is there anything we can do?
M
Montreal
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Re: eircom esop when's our next windfall?
Hi Guys,
I agree wholeheartedly with the above. I'm ex eircom and depend on this yearly windfall to clear outstanding bills etc. We understood the pay-outs this year were scheduled for June and Nov/Dec. These shares are there for the benefit of the members of ESOP not the benefit of the Board of Trustees. I don't want to see them disappear into a black hole in eircom.
I would like to see a ballot among all members of ESOP regarding pay-out immediately.
Regards all.
Hi Guys,
I agree wholeheartedly with the above. I'm ex eircom and depend on this yearly windfall to clear outstanding bills etc. We understood the pay-outs this year were scheduled for June and Nov/Dec. These shares are there for the benefit of the members of ESOP not the benefit of the Board of Trustees. I don't want to see them disappear into a black hole in eircom.
I would like to see a ballot among all members of ESOP regarding pay-out immediately.
Regards all.
Re: eircom esop when's our next windfall?
With the majority of members now outside the company the ESOP should really be wrapped up and payment in full given out. But this i know nothing attitude from ESOP is really frustrating. People are depending on the money for all sorts of things and the uncertainty is frustrating. The board are acting like gods and should be far more transparent and forthcoming with information.
With the majority of members now outside the company the ESOP should really be wrapped up and payment in full given out. But this i know nothing attitude from ESOP is really frustrating. People are depending on the money for all sorts of things and the uncertainty is frustrating. The board are acting like gods and should be far more transparent and forthcoming with information.
Re: eircom esop when's our next windfall?
i agree,im ex eircom the esop website is a joke,and they never can give you any info when you call them.We dont get these distributions for nothing,yes and also think the esop should be wound up and give us our money that we are entitled to.
i agree,im ex eircom the esop website is a joke,and they never can give you any info when you call them.We dont get these distributions for nothing,yes and also think the esop should be wound up and give us our money that we are entitled to.
Re: eircom esop when's our next windfall?
unfortuantely rumours like this, will get peoples hopes up - guess we have to wait and see if (eventually) the esop website will be updated to reflect the truth about this rumour
unfortuantely rumours like this, will get peoples hopes up - guess we have to wait and see if (eventually) the esop website will be updated to reflect the truth about this rumour
E
Eircomlifer
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Re: eircom esop when's our next windfall?
I heard the same rumour as dr1nky yesterday, full allocation will be 7k (heard it from several very reliable peeps).
I heard the same rumour as dr1nky yesterday, full allocation will be 7k (heard it from several very reliable peeps).
)Re: eircom esop when's our next windfall?
esop as transparent as the union used to be (are not) left messages on esop site not even a message to say they got them dont think they log in to their own site
I
inknow
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Re: eircom esop when's our next windfall?
i got reply from esop yesterday, all they say is trustees have not made any announcement but there will be an announcement in an esop extra newsletter before end of month. their website has to be one of the worst. Do the trustees not realise that people have made decisisons on an understanding there was to be a 7000 payout this june.
i got reply from esop yesterday, all they say is trustees have not made any announcement but there will be an announcement in an esop extra newsletter before end of month. their website has to be one of the worst. Do the trustees not realise that people have made decisisons on an understanding there was to be a 7000 payout this june.
Re: eircom esop when's our next windfall?
if they are sending out a news letter it prob. means no money this summer
Re: eircom esop when's our next windfall?
.....but they always send us correspondence beforehand anyway?!
.....but they always send us correspondence beforehand anyway?!
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