I work for an employee-owned company.
I work for an employee-owned company. That means every year I get a certain amount of shares of company stock. Every year auditors determine our stock value and there’s a contest to see who can guess the closest, winner gets a $500 gift card.
The value has gone up dramatically every year I’ve been here, but I guessed a 6% raise because the oil industry in ND has collapsed and we did a lot of business out there. BUT, the stock price DROPPED 6% instead. Just got the email that some pessimist who guessed we’d lose 6% of our value won himself that $500 gift card.
¯\(ツ)/¯
The value has gone up dramatically every year I’ve been here, but I guessed a 6% raise because the oil industry in ND has collapsed and we did a lot of business out there. BUT, the stock price DROPPED 6% instead. Just got the email that some pessimist who guessed we’d lose 6% of our value won himself that $500 gift card.
¯\(ツ)/¯
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ReplyDeleteIt's all privately held stock. We get a new price when the auditors tell us what it is.
ReplyDeletedeleting my ignorant comment
ReplyDelete