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<blockquote data-quote="JustTired" data-source="post: 496540" data-attributes="member: 10234"><p>While the Co. doesn't exactly get advise on delivering pkgs from the 'publicly held stockholders' , they do effect how business is conducted. After all, that "public" controls the stock price.</p><p> </p><p>When the stock was privately held, the price was controlled by the board of directors. While it didn't necessarily grow by leaps and bounds, it did almost always go up in value. In my opinion, the move to go public was motivated by greed. The greed of those on top at the time.</p><p> </p><p>I don't remember the figures....but those in the highest positions cashed out big and then most of them were gone shortly afterward. As an example, let's say someone had 100,000 shares at $60-70(price 6 mos. after IPO) with options to buy more. They could cash that 100,000 in and turn right around and buy stock back at their option value. I seem to remember some having options of around $14/share. On paper they made millions in a matter of minutes.</p><p> </p><p>Except for the relatively few who profited by going public, it has been a disaster ever since.</p><p> </p><p>I cashed my stock in about 4 years ago (mid-$70s). While I didn't get rich, it did afford me the opportunity to pay my house off. It was part of the plan that would allow me to retire when I wanted to. As things have turned out....I guess it made me look like a genius. Pure luck...believe me!</p></blockquote><p></p>
[QUOTE="JustTired, post: 496540, member: 10234"] While the Co. doesn't exactly get advise on delivering pkgs from the 'publicly held stockholders' , they do effect how business is conducted. After all, that "public" controls the stock price. When the stock was privately held, the price was controlled by the board of directors. While it didn't necessarily grow by leaps and bounds, it did almost always go up in value. In my opinion, the move to go public was motivated by greed. The greed of those on top at the time. I don't remember the figures....but those in the highest positions cashed out big and then most of them were gone shortly afterward. As an example, let's say someone had 100,000 shares at $60-70(price 6 mos. after IPO) with options to buy more. They could cash that 100,000 in and turn right around and buy stock back at their option value. I seem to remember some having options of around $14/share. On paper they made millions in a matter of minutes. Except for the relatively few who profited by going public, it has been a disaster ever since. I cashed my stock in about 4 years ago (mid-$70s). While I didn't get rich, it did afford me the opportunity to pay my house off. It was part of the plan that would allow me to retire when I wanted to. As things have turned out....I guess it made me look like a genius. Pure luck...believe me! [/QUOTE]
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