Since we've been having a debate as of late (okay it's not so much a debate as it is Judy blowing hot air about a subject she knows nothing about!) I thought all would be amused about a well-sourced story I heard about a very well known Ru business that occurred within the last 10 or 15 years. Rick Archer may well know this story and can provide better details of it.
The names have been changed only because I forget them. Fred somebody and that other guy both started those successful long- distance telephone businesses a while back. At least one of them had several hundred employees as I understand it. They were quite the going concerns with millions of dollars of capitalization. In one or both of the companies stock options were offered as a form of remuneration to employees. Many employees took advantage of the options. Well, the stock rose quite significantly for the company in question and, of course, all the employees were totally delighted with their wonderful paper profits. One employee felt that a higher-up was sexually harassing her and complained to management. The higher-up was, as a result, found to be culpable of the act and was summarily fired. But upon being fired, the employee had to cash in the stock options he had. He made several hundred thousand dollars in profit because he was forced to sell them. Anyway, the company soon took a tumble in its fortunes, the stock took a nosedive and became worthless. Practically none of the hundreds of other employees that had stock options were able to cash them out and they were worthless. So, ironically, it was only the sexual harasser that was able to make anything off the stock options! To subscribe, send a message to: [EMAIL PROTECTED] Or go to: http://groups.yahoo.com/group/FairfieldLife/ and click 'Join This Group!' Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/FairfieldLife/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
