As late as February 2022, the founder, major owner and CEO Ilija Batljan promised quote "increased dividends in SBB for 100 years" unquote. Exactly one year later, SBB proposes to start offering its shareholders DRIP as an alternative to money in dividends.
Which is actually a stroke of genius as the majority of the 214,000 small savers who invested in SBB do not have much control over what DRIP entails. The winner in this arrangement is the company that does not have to pay out money. Since shares today are only zeros and ones, they don't even need to print the actual share they intended to distribute.
Given how marinated in socialism this country is, it doesn't surprise me that so many small savers are invested in a company founded and run by a former social democrat who preyed on the taxpayers.
If I were unempathetic, I would consider that they had to blame themselves for trusting a politician, especially a social democrat who considers himself friendly to the little people. But for the sake of all these small savers, I really hope the company survives this.
No comments:
Post a Comment