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Soory I am a little behind but I am just catching up with
my mail.
The reasons for not selling have been well put and fully
covered but I would like twist the tail if I may to add my own
contribution
I would like to reverse the question and say " why
should the State sell?" and secondly "why does the state want to sell to
Employees?"
Well of course the state sells to realise the capital
assetts or as critics would say "Selling the family silver" and to my mind and
experience it does not matter how its done as long as they get the
money
The reason for selling or giving to employees what is
usually a minority stake is two fold. Firstly the moral argument of ownership
and secondly as a sweetner hoping to stifle opposition from the workforce and
leading for a smooth passage into privatisation.
A result of the involvement of employees (though I would
say not an interest to the state) is that it spreads the Capital Gains of
Privatisation to a much wider and interested
ownership than just to the fat cats.
Regards
Dave
Dave Wheatcroft
01246 233438
-Tel
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