Originally Posted by
bernardd
So you don't think it's crass to tell one group of employees there's no choice but to work harder for less, while lining yourself up a nice little bonus? Maybe they're worth it, maybe they're not, my comment was on the way this was done in the middle of an acrimonious industrial dispute.
Maybe it's time you read the remuneration report section in the Annual Report?
I may have misread it but I thought these employees were offered Options which vest under certain circumstances and after a particular date. If that's the case, it's basically like giving someone a cash bonus - they don't have to own the stock for more than a very brief period to reap the reward.
Now I'm confused
bernardd , I thought exactly the same as you .
I've certainly heard the term vested or vesting particularly in the context of US pensions and in 'profit sharing'.
Hopefully by the time I've posted this
uk1 will have enlightened me.