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As a former CWD employee I also doubt anyone other than the BODS held anywhere near 400k worth of shares but still a fair point made but hopefully most like me saw the share price start to move south rapidly and stopped their monthly salary sacrifice which was indeed capped at £150 a month. Fortunately I didn't lose too much by stopping my payments but I suspect others did and that must have left a bitter taste. Amazing how the people responsible for the almost total collapse of this once proud business making one bad decision after the next can ride off into the sunset as if it was everyone else's fault but theirs. I'm not bitter just angry.
I imagine most long term shareholders will be keeping their fingers crossed for a last minute change of direction=but who?
This business run correctly is a sleeping giant but it seems CWD staff who remain defining silent about every thing (like scared mice) and equity from overseas seem to just want to stand by and let it happen. Unbelievable really. Do CWd as a major aggressive competitor as once was - want to be taken over by Connells who they must hate!Not one post on linkedin from CWD staff/or on the property sites suggesting they want to remain as CWD proper.
Surely LSH sold off and say a few other bits of more marginal brands and some basic cost cutting could recoup a lot of initial pain of acquisition. I know some decent sized firms who would be very interested in some of the smaller brands. Always another way to skin the cat.
Maybe Connells have rubbed up with say LSL to do just that-but Im surprised Alchemy didn't look at an easy way to up their bid .
Have CWD even looked at who could come in and add value-some really bright non /ex Connells Senior management out there.
Totally agree with everything you have said Whatprice.....
Sadly I didn't and as a former employee who was virtually forced to take early retirement from them in the last 12 months my once hoped for nice addition to my pension of a fairly decent amount is now, at Cornell's T/O price, worth less than a 10th of that. Bitter doesn't even come close and i suspect there are many more out there like me.
Bittersweet
Sorry to heart that a final kick in the teeth .i really don't know how these"professional non-exec Directors "get away with it .seamlessly coast from one board to another picking up nice little earners ,teflon coated when the proverbial hits the fan .their reputation remaining intact .
Just think Platt sits on the board of Tesco as a Non-Exec
One question ? How come there has been so little noise from the Directors of the brands on how CWD is run .Surely there must be sufficent disgruntled Directors capable of mounting some sort of challenge? These are professionals who have allowed their careers to be tossed around like pancakes
Spot on.Some people just roll over
Agree Bittertaste,
I am one of the 1,000s of ex employees who like you worked bloody hard for CWD and we were proud to work for them, the last share incentive should of been stopped many months before it did it was obvious the scheme was working but as usual the BODs didn't care about loyal hard working staff.
Correction
Should of stated share incentive scheme wasn't performing....