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.

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1 Lawyer Answer
Domenic J. Celeste
PREMIUM
Domenic J. Celeste
Answered
  • West Palm Beach, FL
  • Licensed in Florida

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

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