Republic - June 7, 2001
Tremble the champions of 'employee ownership. For their forte is approaching the test of fire: June 19-year bond will expire on that date has tied the hands of thousands of employees' Alitalia, which - in exchange for giving up wage increases - in 1998 were allocated free approximately 300 million shares, equivalent to just more than 20% of the capital, today in packages that have a value between 30 and 300 million pounds. Today, because three years ago, when it was entered into the "revolutionary" (at least for the custom Italian) agreement between the company and its employees, Alitalia shares were worth about twice. From June 19, therefore, employees, stewardesses, pilots and managers can decide whether to download on their market shares and cash consideration, however significantly reduced, or keep them in the portfolio and hope for a revaluation of the security, share a little above the , 5 €, to its lowest level in two years. If you test the first hypothesis, in Piazza Affari could tip over a stream of sales orders, such as to penalize further quotations. For the leaders of this company take kindly to the creation of organizations - such as Millennium, announced in recent days - which will entail the transfer of shares held by individual employees in the custody of a trustee. A sort of minipatto employee who chooses this way to join forces and to weigh their vote in the decision-making bodies. But, so far, the 'initiative does not seem to have picked up great enthusiasm among employees.
Tremble the champions of 'employee ownership. For their forte is approaching the test of fire: June 19-year bond will expire on that date has tied the hands of thousands of employees' Alitalia, which - in exchange for giving up wage increases - in 1998 were allocated free approximately 300 million shares, equivalent to just more than 20% of the capital, today in packages that have a value between 30 and 300 million pounds. Today, because three years ago, when it was entered into the "revolutionary" (at least for the custom Italian) agreement between the company and its employees, Alitalia shares were worth about twice. From June 19, therefore, employees, stewardesses, pilots and managers can decide whether to download on their market shares and cash consideration, however significantly reduced, or keep them in the portfolio and hope for a revaluation of the security, share a little above the , 5 €, to its lowest level in two years. If you test the first hypothesis, in Piazza Affari could tip over a stream of sales orders, such as to penalize further quotations. For the leaders of this company take kindly to the creation of organizations - such as Millennium, announced in recent days - which will entail the transfer of shares held by individual employees in the custody of a trustee. A sort of minipatto employee who chooses this way to join forces and to weigh their vote in the decision-making bodies. But, so far, the 'initiative does not seem to have picked up great enthusiasm among employees.
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