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Verizon says many workers will receive shares of stock

• Verizon employees (other than top management) will receive 50 shares of restricted stock, the price of which will be set on February 1.
  
• Verizon reported mixed quarterly results on Tuesday.
  
• Verizon told investors earlier on Tuesday it expects savings from tax reform will add $3.5 billion to $4 billion to its operating cash flow this year.
  

https://www.cnbc.com/2018/01/23/verizon-...rview.html

CRUMBS!

(01-24-2018, 03:41 PM)StroudCrowd1 Wrote: [ -> ]CRUMBS!

AT the current price of $54 a share that comes to $2700 for 50 shares

But as Nancy Pelosi would say, Crumbs!

Restricted Stock, meaning it's conditional (most likely meaning it's a set price that is based on the employee remaining with the company for a minimum of 3 years).  Thus, Verizon takes their $17 billion in deferred tax savings and shares a market value of $400 million but will most likely only recognize spending of $200 million since 50% of the employees won't meet the 3 year requirement due to job transitioning.  Also, it's a good way for Verizon to lock employees in to low annual raises since they won't want to walk away from their 50 shares (when they are finally vested).

Example of Verizon's Perception vs Verizon's actual Deception:  Employee A makes $20/hour.  Instead of giving him a 4% raise, Verizon gives him a 2.5% year-over-year raise.  Over the next 3 annual raises, the employee accumulates $172,744 instead of $176,652 which is a $3,908 difference.  The employee gets his $2,700 in shares but actually gets paid $3,908 LESS than what he would have made had he used his leverage of going to a competitor.  Employee A is now making $21.54 vs $22.50 when Trump leaves the oval office.

Obvious bait and switch game that the Verizon Execs are playing.

That's a whole lot of assumptions, buddy.

Ya know what they say about assumptions.

(01-24-2018, 04:22 PM)HURRICANE!!! Wrote: [ -> ]Restricted Stock, meaning it's conditional (most likely meaning it's a set price that is based on the employee remaining with the company for a minimum of 3 years).  Thus, Verizon takes their $17 billion in deferred tax savings and shares a market value of $400 million but will most likely only recognize spending of $200 million since 50% of the employees won't meet the 3 year requirement due to job transitioning.  Also, it's a good way for Verizon to lock employees in to low annual raises since they won't want to walk away from their 50 shares (when they are finally vested).

Example of Verizon's Perception vs Verizon's actual Deception:  Employee A makes $20/hour.  Instead of giving him a 4% raise, Verizon gives him a 2.5% year-over-year raise.  Over the next 3 annual raises, the employee accumulates $172,744 instead of $176,652 which is a $3,908 difference.  The employee gets his $2,700 in shares but actually gets paid $3,908 LESS than what he would have made had he used his leverage of going to a competitor.  Employee A is now making $21.54 vs $22.50 when Trump leaves the oval office.

Obvious bait and switch game that the Verizon Execs are playing.

LOL .... it took me a while to come up with that -- hope you all enjoyed !!   HA !!

We're at 26,252.12 right now  !!!!

cha ching !!