SUBMIT A POST!

Vale Strike by the numbers

Vale paid dividends to their shareholders to the tune of 3 Billion dollars last quarter. This works out to 12 billion dollars per year.

Let’s be conservative and assume that last quarter was a windfall and that typical dividend payments will be closer to 1.5 billion a quarter or 6 billion dollars per year.

A dividend payment is a payment a company issues to its shareholders based on profit. It is a percentage of the PROFIT the company makes.

There are around 800 institutional shareholders which make up a large majority of the total share ownership.

So that 6 billion means roughly 7.5million dollars for each one of those institutions.

If Vale took even 1 billion of that 6, so roughly 17 percent of the dividend payout ALONE, and divided it up between all 7000 of its Canadian employees, that would be around 143,000$ per year for each one of them. That’s how much money 1 BILLION dollars is.

So tell me why can’t the company afford to pay retirement benefits and health plans again?

142 TOTAL READS
0 SHARES
3 COMMENTS


MORE ANONYMOUS MESSAGES:

3 Responses

  1. Anonymous says:

    Maybe the employees should pool all of their resources together, shart buying up shares, then try to make a hostile takeover offer and purchase VALE.

  2. pm Laberge, Sudbury says:

    We did it to ourselves.
    If every employee of Inco over the years had bought one share per year …
    If every municipal, provincial and federal level of government had bought one share per year …
    Then:
    We would have owned Inco and the profits and Valens could never have bought it.
    Too bad nobody thought ahead.