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Lucysgirl · 09-10-2012, 15:07

I wonder if they were using the Lewis shopworkers as a template, who are all shareholders and thus have a personal stake in the company's fortunes.

During the strike ridden days of the 1970s the company I worked for part time offered us workers the opportunity to buy shares in the company for £1 per share presumably with the idea that we would think twice before joining the miners if we had a personal interest in the company's fortunes. I didn't take up the offer and I can't recall anyone else who did either. At the same time, my brothers who worked for a profitable quaker engineering company which had been established about 150 years and where it was rare for workers to down tools gave their employees free shares, the total of shares depended on the number of years they'd been employed. The majority of workers cashed their shares in immediately. This gave a toehold for a rival to buy the shares and eventually buy out the firm. The company name vanished from the directories in the early 1980s when the buyer stripped the assets and sold the defunct modern factory and recreation fields the workers once used.

09-10-2012, 15:07	#2071
Lucysgirl Registered User Join Date: Apr 2011 Location: Baxenden Posts: 293 Liked: 39 times Rep Power: 0	Re: The Tories I wonder if they were using the Lewis shopworkers as a template, who are all shareholders and thus have a personal stake in the company's fortunes. During the strike ridden days of the 1970s the company I worked for part time offered us workers the opportunity to buy shares in the company for £1 per share presumably with the idea that we would think twice before joining the miners if we had a personal interest in the company's fortunes. I didn't take up the offer and I can't recall anyone else who did either. At the same time, my brothers who worked for a profitable quaker engineering company which had been established about 150 years and where it was rare for workers to down tools gave their employees free shares, the total of shares depended on the number of years they'd been employed. The majority of workers cashed their shares in immediately. This gave a toehold for a rival to buy the shares and eventually buy out the firm. The company name vanished from the directories in the early 1980s when the buyer stripped the assets and sold the defunct modern factory and recreation fields the workers once used.