Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Partners
A Non-UPS Chairman ?
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="j13501" data-source="post: 1108502" data-attributes="member: 918"><p>I think you're mistaken. Yes, we've always had outside directors on the board, but the facts are that traditionally we've had a majority of directors also be UPS management committee employees. I believe this is what kept our company's traditions and values intact. Think about all the UPS people on the board when we went public - Jim Kelly, John Alden, Oz Nelson, Lea Sopata, Cal Darden, Mike Eskew and perhaps one or two more. The point is that in those days, the UPS'ers on the board ran the company, but also made sure that we stayed true to the vision of Jim Casey</p><p>.</p><p> Today's board is made up of all outsiders except Scott Davis and Mike Eskew. They don't care about UPS employees and they don't care about Jim Casey's company. All the care about is increasing the stock price. </p><p>Now I think that's a great thing, but I believe it's possible to do both. Improve profitability and take care of the people. It's unfortunate that it will never be the same company again. </p><p></p><p>But I guess if we have to blame anyone, we should blame Enron. They're the company that had such a trememdous meltdown- as a result, Sarbanes-Oxley was passed and the laws regarding corporate governance changed. After that, the makeup of our board of directors changed to what we have now. Who knew?</p></blockquote><p></p>
[QUOTE="j13501, post: 1108502, member: 918"] I think you're mistaken. Yes, we've always had outside directors on the board, but the facts are that traditionally we've had a majority of directors also be UPS management committee employees. I believe this is what kept our company's traditions and values intact. Think about all the UPS people on the board when we went public - Jim Kelly, John Alden, Oz Nelson, Lea Sopata, Cal Darden, Mike Eskew and perhaps one or two more. The point is that in those days, the UPS'ers on the board ran the company, but also made sure that we stayed true to the vision of Jim Casey . Today's board is made up of all outsiders except Scott Davis and Mike Eskew. They don't care about UPS employees and they don't care about Jim Casey's company. All the care about is increasing the stock price. Now I think that's a great thing, but I believe it's possible to do both. Improve profitability and take care of the people. It's unfortunate that it will never be the same company again. But I guess if we have to blame anyone, we should blame Enron. They're the company that had such a trememdous meltdown- as a result, Sarbanes-Oxley was passed and the laws regarding corporate governance changed. After that, the makeup of our board of directors changed to what we have now. Who knew? [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Partners
A Non-UPS Chairman ?
Top