IS BACK AFTER THE HOLIDAYS ..... NO AGREEMENT AS TO ALL! !
August has passed, but the factory has the rest of the restructuring
few people at work, the majority is left out: layoff. New
who accompanied us were two
The first refusal Fiat not to pay or not to integrate the best known result Awards (better
said Global Language "PPG" Group Performance Award) as there sussitono
conditions for this year .... . in other words we do not keep any money that you can give
Payroll of July thin with the addition of even the layoff ...
But it is useless to ask! Fiat in 2009 he made very few profits turned into losses but ... a lot of millions of euro
a little decorum would not go amiss, let us stop and see if begging to prepare such a collection and enter a some cash into the coffers "
Strange but there is something I do not back .........
The situation is so narrow that the company rightly says that "there are no conditions " but ......
I remember a little article "Il Sole 24 Ore", which I had saved dated February 16, 2010 ....
Here .......
"
Marchionne Fiat increases in bonuses and approve the dividend
increasing the fees (stock grants) for the Fiat group CEO Sergio Marchionne , following changes to the incentive plan 2009-2010 approved by the shareholders on March 27, 2009. How to make a statement of the group, the total number of rights grows 12 million.
Of these, 4,000,000 are intended for purposes of pure loyalty, which is only subject to the continuing maturation of the professional relationship with the group until the approval of the December 31, 2011: 2,000,000 to 2,000,000 Marchionne and managers of group. The other 8 million 500 thousand include charges for Marchionne, in respect of which have already been achieved performance results for the year 2009, 1.5 million to 6 million Marchionne and managers.
esecizio The new rights are conditional, as well as the continuing professional relationships until approval of the consolidated financial statements at December 31, 2011, to the achievement of performance targets management for the years 2010 and 2011. Other features remain the same plan, which will be served with existing shares purchased on the market and therefore will have no dilutive, not foreseeing the issue of new shares. The changes, continues the note, were intended to maximize the characteristics of incentive and retention plan, based on an instrument of payment in equity (stock grant ), which aims to ensure the involvement and the retention of key personnel for the growth of the group.
In its original setting, the note states, the plan called for 2 million of rights granted Marchionne and the faculty, the Chief Executive Officer same, to award up to a maximum of 6 million of rights, each corresponding to Fiat ordinary shares, which have a role to managers with significant impact on business results. The vesting of these rights was due in one payment at the time the consolidated financial statements for the year 2010 and was subject to both the continuing professional relationship with the group on that date is the achievement of performance targets for years 2009 and 2010.
approved the budget, proposed a dividend of 17 cents per ordinary
The board of Fiat, which met in Turin under the chairmanship of Luca di Montezmolo, approved the 2009 consolidated financial statements, which confirms the good trading profit of € 1.058 billion and net loss of 848 million as previously announced on January 25 last year. Just a note of Lingotto, which states that the Council has resolved to propose to the shareholders on March 26 to distribute a dividend of EUR 0.17 per ordinary share of EUR 0.31 per preference share and € 0.325 for savings share, for a total of 244 million (237 million excluding the treasury shares currently held by the group). The amount, which adds the note, is equal to about 30% of the balance between net income and net loss for 2008, 2009. The coupon will be paid on April 22 April 19 with an ex.
The board also approved the draft financial statements Fiat SpA, which has a net profit of € 340 million for 2009, while the consolidated net assets at the end of December 2009 stood at 11.115 billion euro (11.101 million at December 31, 2008). The board has also convened a shareholders' meeting in Turin on March 26 to discuss the proposal to approve the Annual Accounts and Allocation of 2009, the renewal of the authorization to purchase and own shares in expires on September 27 and the amendment of the incentive plan 2009-2010. "
I feel slightly pissed (and what would be normal) but the numbers do not back me
In the second news concerning the "beautiful " agreement for the turn in Central Park next post
For The Series pasquinades
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