...they'd take the company public. It was rumored for years but never came to pass. One big issue - a lot of the long-term employees (who are still there) and have a lot of esop stock, would instantly become extremely rich, cash out and leave ASAP.
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Pare down or completely sell your ESOP. And transition to a few of the low cost Vanguard funds offered in the plan.
Cargill as a company for YEARS- directionally or financially. They are always the most expensive in the marketplace- so proud of the ingredients they peddle. Customers increasingly hate Cargill- slow, arrogant, bumbling.
If valued correctly $100 of stock is worth $100 when it goes public. It's only worth more if they can convince investors the share is worth more. The current messaging about falling revenues, etc almost seems to be deliberate to prevent an IPO.
I get the idea, but can anyone explain what $100K of ESOP would be if Cargill went public? 200K? 500K?
No one should want cargill to go public. You think things are bad now? All going public does is remove any long term goals and makes the entire business hinge and operate on quarters.