Mar 03 2009
Pacific Brands to Stay?
As it stands today Pacific Brands Group (PGB) is worth 16 cents per share. With 502 million shares listed that gives PGB a nett worth of $80 million. Now that is not an awful large amount of money in the grand scheme of things. Why don’t the workers of Pacific Brands and their relevant union people bandy together and purchase say 70% of the available stock. Lets say that the 7000 remaining employees, the 1800 sacked employees and 30,000 people who want Pacific Brands to keep the manufacturing in Australia all do this. Between all these people it would only cost $2062.00 per person to achieve this. Heck, If this were an organised event they can count on my 2 gorilla’s.
With a 70% holding these people would have the right to call a extraordinary general meeting and block the proposed move overseas and keep these jobs in Australia. Instead of organising against the company can’t it be organised to own the company and make the for them. Then, some of these people will own stock in the very company they are working for which in itself can have further benefits.
This obviously can’t happen in every situation where a company makes a decision to move overseas but it is a remote possibility in this one.
What say you Australia?
Your optimism scares me…..if people could work together……..c’mon. If people could work together we wouldn’t have wars, poor people etc.
I have another idea from fairy land too SJ. Lets all stop using BP, everyone, so they have no customers. Then they will be forced to drop their prices, then go back to using them and save money. Have everyone use them for a week then when they jack up the price again punish them again.
Oh….if people could work together.
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Thank you the Emperor from the Star Wars series. Who is your Sith apprentice, anyone we know?
SJ
So tell Wayne Swan to buy the shares on their behalf, take an extra $39.65 from each PGB employee per week in tax for the next 12 months and the shares are theirs.
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This is the kind of thinking I like. Well done.
SJ
Who am I kidding, it would be easier getting all these people to do it individually than explaining it to him.
In theory your heart is in the right place but its just not a practical solution to this problem.
The problem at its core is the greed of the company directors. All they are wanting is to maximise their bonuses and it makes me sick. The sooner the government step in and ban this sort of behavior the better everyone will be.
SJ, your financial acumen is unbelievably limited. I will never understand how you are able to run a successful website with such a stunted understanding of economics.
YOU ARE SO STUPID!!!
On the ther hand you may just be playing dumb, Fat One style, to get me to bite?? Which is it?
I can’t believe IASM called this website successful. Interesting, yes. Successful, no. I guess success to you is not running out of dim sims before the lunch time rush hour
Crap, your obsession with food is disturbing. If only you had concentrated a little more on education & less on eating, you may not have ended up the fat dumb no-hoper greasy taxi-driving loser that you are today!
Crap, I see that you have wisely removed your dancing shoes. Anyone else care to tango??
Fat One, Tigger, are you out there?
When I disagree with you I’ll jump in IASM, but I can’t fault your last comment.
Dipstick – Again you will say how stupid others are and CLAIM that you are so knowledgeable, yet you never give your own opinion. We all know why that is the case now don’t we!
Skunk, stop stinkin up my site with your excrement!
SJ has already demoralised you for calling the site yours…still refusing to acknowledge the real owner I see
It is a partnership Crap. Get it though your thick skul!
Cagney and Lacey perhaps?
Who?
You’ve just demonstrated the “Roundhouse” to everybody again IASM.
Skull was the word you were looking for.
SJ…. are you in a partnership with this NIFF?
Crap, your attempts at …… is it humour or …..wit…….are so feeble that I would imagine even your buddies around the cab rank would find them embarrassing. Sadly I think you are probably pleased with yourself. I imagine you are the type of guy who proudly boasts to your friends about the amazingly clever & funny things you say to your passengers. Meanwhile our firnds & fares are all laughing at you behind your back. Think about it. Could it be happening funny guy??
IASM, Maybe Crap is the type of person that pretends he’s rich, knows everybody and jet sets around the world???…oh no hang on….thats you niffymacniffster……
There was no humor in my last post. I was illustrating again your lack of intelligence. For someone who claims to be smart, you’ve slipped up again. I think you’ve been spending too much time with Jethro…
Again the word you were looking for was “friends”. Pick your act up…we’ve lost interest
Yet again 3…..2…..1….. GOODNIGHT DIPSTICK!
idiot
IASM, Have you heard of Google? Use it and learn.
I will make it easy for you, have a look at this http://www.cagneyandlacey.com/index.aspx