Taxi Driver Online

I wonder if those who voted against the sell-off will give their shares to charity, because they always said they didn't want them.

Drivers to trade taxi firm shares

London black cab company Radio Taxis, which demutualised in June, has launched an internal trading platform for its drivers and staff.

Stakeholders received a windfall of 1,000 shares when they voted to change Radio Taxis into a private company and from today will be able to buy and sell their shares.

An indicative opening price has been set at £2.95 and trading will only be open to the company's employees and drivers. Anyone who leaves the firm will have to sell their shares.

Geoffrey Riesel, chairman, said: "We have about 2,400 drivers and staff and they will be able to participate in a trading market as owners of the organisation. There is no better way of motivating people."

Trading will be on a matched bid rather than spreads basis. Staff will be able to trade once a quarter, Mr Riesel said.

Clive.
What do you think?
they didnt want to sell thier mutual, now the mutual has gone.

what is offered is very poor compensation.

I take it you wanted just to grab the money?

What I can't understand is why it is right that millions of people benefited from Building Society sell offs, but some unions begrudge cabbies getting their share.

Get it while you can, and then join DaC and kop some from their sell off in a few years time.

_________________
IDFIMH

who benefited from building society sell offs?

no one it was theft! loan rates went up savers interest went down so the shares were paid for by the holders.

Sussex you can be quite daft!

The millions of people who voted for them.

_________________
IDFIMH

bollox Sussex, it was theft purely and simply theft

How can it be theft when those that owned the firms decided that they wished to sell the firms by a free and open ballot?

Even if they voted not to sell, they still have their shares, so they still own the firms. Unless of course they sold them like any other business.

Showing your age Wharfy.

_________________
IDFIMH

you dont even begin to understand.
its not for employees to sell the firm they work in.
at times you can be a right [edited by admin].

Employees didn't sell their firms, the owners of the firms did.

They were the shareholders, or members, and they said thanks you very much.

_________________
IDFIMH

I beg your pardon they did, and not only that they took a sizeable chunk of the shares as well.

how do you think it happened then? that all the owners got together and offered to sell? rubbish, the directors started it, employees.