Extra Shares...

[fishtank]

As you probably know we're getting 4 extra shares which come from "bad leavers". Was just wondering how people feel about this and also I was interested in the legal position if there are any bad leavers out there willing to give us an insight into the timescales involved, do they wait for any potential ET to run its course and has anyone who's been sacked thought about a legal challenge to keep their shares.

And no I haven't been sacked....

[BarnsleyLackey]

I'm a bit surprised to be honest. I thought all proceeds from bad leavers were going straight back to RM's piggy bank. I don't want to see anyone sacked or forced out, but I do think the shares should be spread among the workforce, if it's between that and back to RM executives.
Curious to know how many bad leavers equates to 4 shares for the remaining workforce.

[TrueBlueTerrier]

well the latest report from RM says there are 130,100 employees - so that means roughly 3.5 shares each (to take in to account new starters and Pt/FT ratio).

Thats roughly 455350 shares and FTimers should have 729 shares = 625 bad leavers if they were all FT.

[masterblaster]

We get 4 shares, I wonder if figures are available for how many 'Bad leavers' there have been, we can then work out how many shares RM are actually keeping, giving us 4 shares just to say they have been 'Shared out'!

[BarnsleyLackey]

well the latest report from RM says there are 130,100 employees - so that means roughly 3.5 shares each (to take in to account new starters and Pt/FT ratio).

Thats roughly 455350 shares and FTimers should have 729 shares = 625 bad leavers if they were all FT.

You're wasted here. Get yourself on Only Connect.

[RobertT]

Weren't the workforce always supposed to get 10% of the shares? If so surely sharing out the 'bad leaver' shares is only the correct procedure to keep that percentage intact.
The rules of SIP's clearly state that there are penalties for leaving within certain time frames i.e 3 or 5 years, that does not just apply to the RM employee share allocation!

[swindonandy]

Bad leavers is a bit of an off description. Anyone who left the business is a "bad leaver" because they left before they get their shares passed over. So someone who finds a job elsewhere and quits is a "bad leaver" and we get their shares split between us. Am I bothered by that, no.

[BarnsleyLackey]

Bad leavers is a bit of an off description. Anyone who left the business is a "bad leaver" because they left before they get their shares passed over. So someone who finds a job elsewhere and quits is a "bad leaver" and we get their shares split between us. Am I bothered by that, no.

I think it's bad leaver as in, getting sacked, walking out without working notice. If you quit and work your notice, you're a good leaver.

[fly-catchers]

Where was it mentioned that we were getting these 4 extra shares?
Do these mature at the same date as the existing ones or is it 3 or 5 years from when they are added?

[arnold cheshire]

Bad leavers is a bit of an off description. Anyone who left the business is a "bad leaver" because they left before they get their shares passed over. So someone who finds a job elsewhere and quits is a "bad leaver" and we get their shares split between us. Am I bothered by that, no.

I think it's bad leaver as in, getting sacked, walking out without working notice. If you quit and work your notice, you're a good leaver.

thats wrong

[BarnsleyLackey]

Bad leavers is a bit of an off description. Anyone who left the business is a "bad leaver" because they left before they get their shares passed over. So someone who finds a job elsewhere and quits is a "bad leaver" and we get their shares split between us. Am I bothered by that, no.

I think it's bad leaver as in, getting sacked, walking out without working notice. If you quit and work your notice, you're a good leaver.

thats wrong

Why?

[RobertT]

Bad leavers is a bit of an off description. Anyone who left the business is a "bad leaver" because they left before they get their shares passed over. So someone who finds a job elsewhere and quits is a "bad leaver" and we get their shares split between us. Am I bothered by that, no.

I think it's bad leaver as in, getting sacked, walking out without working notice. If you quit and work your notice, you're a good leaver.

thats wrong

Why?

Have a look at page 23: https://www.myroyalmail.com/sites/defau ... ochure.pdf" onclick="window.open(this.href);return false;

[BarnsleyLackey]

Bad leavers is a bit of an off description. Anyone who left the business is a "bad leaver" because they left before they get their shares passed over. So someone who finds a job elsewhere and quits is a "bad leaver" and we get their shares split between us. Am I bothered by that, no.

I think it's bad leaver as in, getting sacked, walking out without working notice. If you quit and work your notice, you're a good leaver.

thats wrong

Why?

Have a look at page 23: https://www.myroyalmail.com/sites/defau ... ochure.pdf" onclick="window.open(this.href);return false;

Thanks for pointing that out. I'd heard differently. Though it does make the term bad leaver a bit of a misnomer.

[Glenno]

As you probably know we're getting 4 extra shares which come from "bad leavers". Was just wondering how people feel about this and also I was interested in the legal position if there are any bad leavers out there willing to give us an insight into the timescales involved, do they wait for any potential ET to run its course and has anyone who's been sacked thought about a legal challenge to keep their shares.

And no I haven't been sacked....

Fish you really are a card, 4 EXTRA shares, wowee, it has probably been given thanks to the bad leavers in the last financial year, end of mate, no worries, ask no questions tell no lies

and while we are at it why have you not been sacked, you money grabbing, rule breaking, do what you want piece of s**t (LOL)