Daniel Kretinsky ‘ready to consider’ giving workers a stake in Royal Mail

[TopperGas]

Whilst the headline states that DK is 'ready to consider' giving workers a stake in Royal Mail, reading the article actually says that it seems to contradict Kretinsky's views last month when he told the Sunday Times that giving staff a stake in the business could prove difficult? Does he really want to give us a few crumbs (shares) or would he prefer to keep them ALL to himself?

Most likely doesn't want to but may need to do it when Labour win the GE, DK's probably kicking himself for not making his move when the Tories were in power. Although KS seems to change track so often the takeover may just get waved though anyway after the GE.

[Mr Rush]

Although KS seems to change track so often the takeover may just get waved though anyway after the GE.

As the recent Times article pointed out, it was Labour that started the ball rolling on privatisation (there were sume murmurrings in the Major years but nothing concrete until Maggie's self-professed greatest achievement: New Labour). There's the blue devil you know and then there's the harder to read red one.

[Barnacle]

Although KS seems to change track so often the takeover may just get waved though anyway after the GE.

As the recent Times article pointed out, it was Labour that started the ball rolling on privatisation (there were sume murmurrings in the Major years but nothing concrete until Maggie's self-professed greatest achievement: New Labour). There's the blue devil you know and then there's the harder to read red one.

It would be interesting to read follow up articles to this because the Credit Crunch horror was beginning to unfurl at this point in history.

[Barnacle]

However, the blame for selling off lies squarely at the door of the Cons and Libdems because it was their decision to sell it off entirely and divest itself of any involvement. Labour’s plan had been part-privatisation, not a complete sell-off.

[scoobydo79]

Those of us of a certain age know the Conservatives were ready to sell off RM. Heseltine was champing at the bit. It was His heart trouble that prevented it getting off the ground. Also maybe the fact that Thatcher hated Him

[TheTrolleyMan]

Remember it would be a stake in the company and not a SAY in the company

[qwerty2]

Remember it would be a stake in the company and not a SAY in the company

He meant steak not stake - everyone gets a free steak with their P45

[jahbalon]

Those of us of a certain age know the Conservatives were ready to sell off RM. Heseltine was champing at the bit. It was His heart trouble that prevented it getting off the ground. Also maybe the fact that Thatcher hated Him

Heseltine's heart can't be that bad. The old fart is still hanging about.

[scoobydo79]

Those of us of a certain age know the Conservatives were ready to sell off RM. Heseltine was champing at the bit. It was His heart trouble that prevented it getting off the ground. Also maybe the fact that Thatcher hated Him

Heseltine's heart can't be that bad. The old fart is still hanging about.

Yeah he’s 91!!!! Doesn’t want to parted from His money lol

[Mr Rush]

Those of us of a certain age know the Conservatives were ready to sell off RM. Heseltine was champing at the bit. It was His heart trouble that prevented it getting off the ground. Also maybe the fact that Thatcher hated Him

Heseltine's heart can't be that bad. The old fart is still hanging about.

The Thatcher years are a bit before my time. I thought maybe the Westland Affair (1986) kicked his privatisation plans out of cabinet along with him, but according to Wikipedia (no source specified):

In 1994 Heseltine planned to privatise 40% of the Post Office, a move which the Conservatives had previously shied away from. He was seen as imperious and intolerant by backbench opponents concerned at the threat to local postal services ("he seemed to have lost touch" one commented after a meeting), and the plan was abandoned by the Cabinet as unlikely to pass the House of Commons, as the Major government's majority had dropped to 14 by then.

[posted]

Posties were given a stake in RM. Most offloaded at the first opportunity.

Apparently, from the 10% we got, we still have 5.5%. Can’t remember where I saw that snippet though

5.5% is quoted in the BBC article.
Wonder if that includes all those shares bought in the intervening 2 SIPs.
if it does, then seems way more than half sold out their free shares