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<blockquote data-quote="vantexan" data-source="post: 730333" data-attributes="member: 24302"><p>I'm just saying that they'll protect the stock price at all costs. If getting UPS comparable pay and benefits adds a billion or more to their costs, eats up their profit, dries up the dividends, tanks the stock price, they will do whatever they can to stop it. What else would they do but that? And you guys know how lean they run things. Do you honestly believe there's a huge amount of waste, enough to reallocate funds to pay what you want? And how would you know other than your own opinion? </p><p></p><p>Let's look at some numbers. I've seen stated here that the number of employees who would be affected by the union would be around 50,000. If so, let's say that the top-pay is raised to $30hr. And just for this example let's say the average employee who's got at least three years in see's his pay go up $10hr. On 40 hrs a week that's a $400 a week raise times 50,000 employees equals $20 million a week times 52 equals over a billion a year. This doesn't count overtime, or matching funds on Social Security. And we haven't even begun to talk about improved benefits. So really we are talking about nearly, if not more than $2 billion. The company's revenue and profit are improving with the economy, but not that much. And you are telling me that a company that prides itself on impressing Wall Street with it's business acumen is actually so wasteful and poorly managed that it could still squeeze out a couple of billion with a little effort. Now if your demands added up to a half billion a year, and left them something, and even though they still wouldn't like it, it's realistic considering their annual net profit. I for one would say FedEx and Wall Street needs to settle for less profit, less dividends, and learn to live with a lower stock price in order to help the employees out. If FedEx wants more profit after taking care of the employees then they need to develop more sources of revenue. But we have to leave them something to work with. They aren't just going to turn over everything to the employees, especially if doing so causes them to run deficits. That will eventually kill this company. Unlike the government they can't just print money to cover things.</p></blockquote><p></p>
[QUOTE="vantexan, post: 730333, member: 24302"] I'm just saying that they'll protect the stock price at all costs. If getting UPS comparable pay and benefits adds a billion or more to their costs, eats up their profit, dries up the dividends, tanks the stock price, they will do whatever they can to stop it. What else would they do but that? And you guys know how lean they run things. Do you honestly believe there's a huge amount of waste, enough to reallocate funds to pay what you want? And how would you know other than your own opinion? Let's look at some numbers. I've seen stated here that the number of employees who would be affected by the union would be around 50,000. If so, let's say that the top-pay is raised to $30hr. And just for this example let's say the average employee who's got at least three years in see's his pay go up $10hr. On 40 hrs a week that's a $400 a week raise times 50,000 employees equals $20 million a week times 52 equals over a billion a year. This doesn't count overtime, or matching funds on Social Security. And we haven't even begun to talk about improved benefits. So really we are talking about nearly, if not more than $2 billion. The company's revenue and profit are improving with the economy, but not that much. And you are telling me that a company that prides itself on impressing Wall Street with it's business acumen is actually so wasteful and poorly managed that it could still squeeze out a couple of billion with a little effort. Now if your demands added up to a half billion a year, and left them something, and even though they still wouldn't like it, it's realistic considering their annual net profit. I for one would say FedEx and Wall Street needs to settle for less profit, less dividends, and learn to live with a lower stock price in order to help the employees out. If FedEx wants more profit after taking care of the employees then they need to develop more sources of revenue. But we have to leave them something to work with. They aren't just going to turn over everything to the employees, especially if doing so causes them to run deficits. That will eventually kill this company. Unlike the government they can't just print money to cover things. [/QUOTE]
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