snoqueen wrote:Believe it or not, you actually CAN buy one share of Walmart on this web page. You can even get a stock certificate, which is totally anachronistic:
You can actually buy one share of ANY
company that is publicly traded. Shocker, huh?
And I think you can get the paper certificates if you want them, though why anyone would is a puzzler to me. They do look nice and some people do collect old stock certificates as art.
I have a certificate for a single share of International Paper kicking around in a desk drawer somewhere. My father bought it back in the 40's and gave it to me in the 60s. I get a check, usually for less than $1 4 times a year.
Trouble is, we don't know how many of those shares are family-held and not for sale.
I know how many of those share belong to the Waltons because it takes 10 seconds to do a search. 47%
That means that 53% can be purchased by anyone and the family has no say whatever. If someone or a group purchased 53%, they could name all, or at least a majority (depending on bylaws) of the directors and have absolute control over the company.
Now get real. The employees are not buying a controlling share of that company any time soon. No wonder JFH didn't post his findings, if he actually found anything.
JH didn't post his findings because I was curious to see if anyone else would take the time to actually look for facts rather than just blowing smoke and suppositions.
Congrats, Sno. Not that hard, is it?
I actually came up with a higher number but we are still in the same ballpark.
I came up with about $113,000 per employee using the market cap and employee figures at Yahoo Finance.
I also took it a bit further and figured profit per employee. After tax, it was about $8,000 in 2012.
If the employees took it as wages and benefits (pre-tax) it would probably be more like $11-13,000 to each.
There are also some other tax advantages to an employee buy out so it might even be a bit more.
So I stand by everything I've said.
So how much money did the Winco employees have to pay to buy that company? How could they possibly have afforded it? Maybe the owners just gave it to them. Right?