Merged Exabeam and LogRhythm cut jobs, face lawsuit
Unconfirmed reports suggest 30 percent reduction in headcount
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Merger Erases Employee Stock -- Pitiful Lawsuit Pending
- Thread starter Brickjectivity
- Start date
Shadow Wolf
Certified People sTabber & Business Owner
And these executive wankers have the gall to complain they can't find workers to fill their positions and nobody has loyalty to the company anymore.
Twilight Hue
Twilight, not bright nor dark, good nor bad.
Stock as you likely well know, is regarded as a gamble and nothing is guaranteed.These two poorly performing companies merge. Somebody directing the merger decides exabeam's employee stock just doesn't matter anymore -- according to this article.Merged Exabeam and LogRhythm cut jobs, face lawsuit
Unconfirmed reports suggest 30 percent reduction in headcountwww.theregister.com
Subduction Zone
Veteran Member
There are still limits of what a company can do. It sounds as if they are doing some illegal stock manipulation. The stockholders are actual owners of the company. I sincerely doubt if two companies can merge and then declare the stocks of one company worthless.
They had "common stock".These two poorly performing companies merge. Somebody directing the merger decides exabeam's employee stock just doesn't matter anymore -- according to this article.Merged Exabeam and LogRhythm cut jobs, face lawsuit
Unconfirmed reports suggest 30 percent reduction in headcount
It sucks hind teat compared to "preferred stock".
I don't say this justifies what happened.
But be careful about the kind of stock you acquire.
PureX
Veteran Member
Oh, well, then, it's ok to screw the employees out of part of their compensation. Because you were just "gambling" with it, anyway.
Twilight Hue
Twilight, not bright nor dark, good nor bad.
Best except the fact that stocks for a long time have been well known to be a pure gamble and never guaranteed to investors then trying to reason it away with unrelated examples.
PureX
Veteran Member
Especially when the dealer is cheating.
Twilight Hue
Twilight, not bright nor dark, good nor bad.
Well that's why some people can sue. It's just a wait and see affair I would think right now.