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CincyDem

(7,391 posts)

15. yes - that's exactly what would happen.

Tue Apr 11, 2017, 02:52 PM

Apr 2017

And, as a result of that $5/share sale on the next day...the value of every United employee's 401k would drop 50%. Is it a "real" drop...only to the degree that you believe little pieces of paper can have any value at all. What it really means is that one of those 10 shareholders wanted to dump a share and they had to drop the price to 5 bucks to find someone willing to buy it. They wanted out bad enough to take a 50% haircut...and nobody else wanted it enough to pay more than 50%.

Believe me, if the market cap of united dropped 50% today, their CEO would crawl up the aisle himself on his hands on video to keep his job. Even then it probably wouldn't work.

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Uniteds stock is set to fall 2% and wipe $500 million off the airlines market cap [View all] BigBearJohn Apr 2017 OP

Should have offered more cash to empty those 4 seats, eh ? CincyDem Apr 2017 #1

+1000 Pachamama Apr 2017 #3

Or "Pyrrhic Victory" - nt KingCharlemagne Apr 2017 #9

They should do something about all four officials who caroldansen Apr 2017 #2

Were they United employees? Baconator Apr 2017 #5

Their fate will be determined by their ticket pricing ecstatic Apr 2017 #4

They'll wait it out... Baconator Apr 2017 #6

Yup absolutely nycbos Apr 2017 #13

Hit 'em in the wallet HAB911 Apr 2017 #7

Sadly, a well-deserved stock price dive is about the only thing that will prod action from United. LonePirate Apr 2017 #8

-or- How a CEO loses his job in one day BigBearJohn Apr 2017 #10

Six percent. Ouch. eom littlemissmartypants Apr 2017 #11

Could have purchased a plane to fly those employees - or 4 planes, one for each Justice Apr 2017 #12

market cap is a bogus concept eniwetok Apr 2017 #14

yes - that's exactly what would happen. CincyDem Apr 2017 #15

portfolio value is not real value eniwetok Apr 2017 #16

Sure - ok. CincyDem Apr 2017 #19

sure market cap is misused... eniwetok Apr 2017 #21

You could expand that same argument to pretty much anything of value Major Nikon Apr 2017 #22

The CEO needs to go. sarcasmo Apr 2017 #17

That was one expensive blunder. lpbk2713 Apr 2017 #18

Couldn't happen to a nicer bunch of guys! LongTomH Apr 2017 #20