Saint Augustine, FL asked in Business Law and Employment Law for Florida

Q: I think it is a bit of a con that Publix only offers their employees Publix's private stock rather than any perks.

Like instead of giving employees a 5% discount or something, you can invest in our company to be an "owner" of our private stock. Essentially forcing all employees to invest in the company. Even part timers have to work over 1,000 hours in a year to get enrolled into their stock program. Being a private stock, I'm not even sure how the value works. I think it is shady and manipulative. They don't offer anything for employees that don't put the time in. I don't think it is a requirement, but it seems like this fits into a nice gray area for the company. I don't like it. Publix only wins from this arrangement with employees. The company can be liquidated and then those stocks are meaningless. It seems shady to me.

Related Topics:
1 Lawyer Answer
Domenic J. Celeste
Domenic J. Celeste
  • West Palm Beach, FL
  • Licensed in Florida

A: This question does not relate to workers' compensation, which deals with work-related injuries.

Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.

The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.

Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.