“Cut 75% of what we offered, cut half of the people that we offered to, we got really, really good at just one thing, which is our workshops with one type of customer, which is service based”
“I think it could help with retention. I think it could keep a lot of those employees happy and engaged and excited to work at a company, knowing that they offer tenders every couple of years.”
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What was described
offers regular tender offers to employee base for early liquidity
Said nearby on the same subject
“We wrote an open letter ... tender offer price was at 6,700 ... I felt fair value was at least 30,000 Korean won per share ... zero shares were tendered ... controlling shareholders then pursued enhancing corporate value”
“If you offer liquidity 100 percent of the time, and people want their money back, then naturally that gating provision has to come about because you have to wait to the loans actually come back.”
“And you turn away a $14.5 million offer and many other offers.”
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