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Pastimes : Legal proceedings via SI
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To: Estimated Prophet who wrote (160)12/16/1998 12:54:00 AM
From: BrightFuture  Read Replies (2) of 242
 
THIS IS COMPLETELY OFF TOPIC...

But I would like to pass a scenario by you people as a sanity check for myself..

I work for a company that has payroll deduction for company stock purchases. Calling a number that is provided to check when the last stock purchase was executed always reveals a 1 1/2 to 2 month lag. In other words, we just got paid last Thursday but the last purchase of company stock was 10/30/98. When I asked our payroll supervisor about this he said not to worry.

The problems I have with this are:
1) where is all the money taken from people's paychecks since October?
2) when people want to cash in, there is a transaction fee..so if I wanted to cash in all my shares tomorrow, I would only get the shares from 10/30/98 and then have to go back at a later date to pick up the rest of the shares...meaning another transaction fee.

Am I just being to sensitive? Is this just inefficiency on their part or are they doing something seriously wrong? There is no documentation explaining the lag. In fact, our HR web page says that we can get our money at any time.

Any opinions/advice would be extremely appreciated.

Thanks.
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