this post was submitted on 03 Aug 2025
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Work Reform
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A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.
Our Philosophies:
- All workers must be paid a living wage for their labor.
- Income inequality is the main cause of lower living standards.
- Workers must join together and fight back for what is rightfully theirs.
- We must not be divided and conquered. Workers gain the most when they focus on unifying issues.
Our Goals
- Higher wages for underpaid workers.
- Better worker representation, including but not limited to unions.
- Better and fewer working hours.
- Stimulating a massive wave of worker organizing in the United States and beyond.
- Organizing and supporting political causes and campaigns that put workers first.
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Grounds for serious litigation right there
They'll drag it out until the poors give up.
I don't think it is unfortunately because this is completely legal as long as it was laid out in the terms of the stock when it was purchased.
This isn't preferred stock that we're talking about, this is common stock and most of the time that type of stock is given out to employees as like an incentive program and generally hold no actual weight in the company itself and is the least priority when these types of sales occur.
Basically, if they wanted to initiate litigation on this, their argument would have to be either that they were misled of the type of stock that they were purchasing, or that they didn't adequately state the financial risks of the stock.
By all means, I think they should try, especially that guy that said that they invested $10 million into that company and is losing it. I just don't think it will go anywhere.
Of course, what a sleazy concept too. That is definitely unfortunate, if that's the case. Thanks for the explanation.