lol says the resident socialist of the board. Company shares are forced on the 401k matching. You'd have to be an idiot to forego 50% match (buy shares at half MTM). I am stating that the levels of awards, options, and salary are administered arbitrarily by assholes who are steered to these boards by the CEO and other officers. You cannot speak of "pay for performance" at shareholder meetings and pay incentives when the shares are down 20% on the year (with the SPX down 6%). Tepper is worth every penny of his $2B take-home -- he grossed 5x that amount for the fund. It's has nothing to do with who makes more -- it's who "earned" it. It's the worst of capitalism; pure cronyism, and it kills innovation.
??? company shares are not forced on anybody in a 401k, You can go all cash and still get the company match. The choice is entirely yours. Nobody's forcing you to buy stocks. If you don't like it take your money elsewhere.
I meant that it's the only single ticker that can receive matching. She owns the shares so that we can write calls against the matched shares in a taxable account.
if that is true I stand corrected. Never heard of a 401k with only one option. That is kind of a predicament isn't it? Hard to pass up free money. Especially tax sheltered.
No, there are other options, Fido-stuff; cash & STIRs, govt notes/bonds, index, foreign and domestic growth, dividend shares, etc. I was stating that we choose the share offering as she has ESOP as well as share-match and I can write calls against the notional. Obviously they are not going to offer a single-name option in the plan beyond their own shares. I wouldn't bother writing calls if not for the ESOP.