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Currency exchange fiasco - just take it on the chin?
Comments
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Samsonite1 wrote: »Regarding foreign currency - it was short notice with a message along the lines of "you can purchase extra shares in the next week - just transfer a load of money into this UK account which is in USD". That was about it.
Doesn't sound particularly professional. Share issues are normally well planned.0 -
Thrugelmir wrote: »Doesn't sound particularly professional. Share issues are normally well planned.
Unfortunately it is fairly common for US companies (e.g. smallish but fast growing) to work out and communicate options to their UK employees in an inefficient manner. This is my OH's company. I may have a similar thing at my company as the granted me share options, but we are pre-IPO. They gave me a login for a shares system for managing things, but no information about it! I have no experience with shares or share options, so I guess I will have to read up on it...To err is human, but it is against company policy.0 -
I am not sure there would be a difference amongst high street banks in how they would have dealt with this issue. It has taken me half a year and multiple visits to branch and phone calls to move money from $ account to currency exchange account. Admittedly I was not in a hurry.The word "dilemma" comes from Greek where "di" means two and "lemma" means premise. Refers usually to difficult choice between two undesirable options.
Often people seem to use this word mistakenly where "quandary" would fit better.0
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