Lets say the Selling Price for Quinn Glass Factory is £320 Million.
The directors will get a slice of this sale of at least 1% (but perhaps even more) that amounts to £3,200.000
With six Directors that's a cool £500k each.
I doubt it will be evenly distributed as the MD of Glass will get the biggest slice. The new buyers of Glass will need to keep the existing directors on board so for them it's all sunshine and roses. Nothing to lose with this sale for them.
What will the workers get?
"NOTHING".
"NOTHING".
Aventas management will get a piece of the cake as well for selling Quinn Glass which will be at least 2% to 5% of the selling price.
So it easy to see what it's all about "greed and money".
Make's you wonder why the bondholders would want to sell this business?
So once more what will the workers get?
"NOTHING"
"NOTHING"
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