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The Competition
FedEx Discussions
And down goes freight
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<blockquote data-quote="vantexan" data-source="post: 1426653" data-attributes="member: 24302"><p>But you have to understand how stock options work. Upper management is given the option to buy company stock at discounted prices within a certain time frame. The reasoning is that they'll do all possible to push the price of the stock up on the stock exchange, making it more desirable to buy. Then they exercise their options before expiration to sell on the market(or choose to keep it if they want) to make as high a profit as possible, thus not only benefitting them but all stockholders. The problem is that major corporations have developed an incestuous relationship with the big funds on Wall Street who use our 401k money to buy the stock that makes our exec's millions. But that money comes from Wall Street, the millions you see our exec's making does not come from corporate revenue. My argument is that exec's should be content with very generous salaries and stop hammering employees to reap millions from stock options. But that's not the way the world works. Those in a position to make that kind of money convince themselves that they deserve it and turn a blind eye to the struggles of their employees rather than do the right thing. As far as management ability goes UPS leases most of it's planes and has a much smaller percentage of the overnight market. Most of it's freight is trucked and the only way FedEx will have similar costs is to do the same. As long as we are the country's largest overnight service using aircraft to deliver pkgs our costs will be much higher and in no way will we have the money for UPS pay and benefits. Ultimately it has to come out of the profit and FedEx is doing everything possible to increase that profit which means that they have no intent to pay better but also means if it was just a matter of better management then they'd have fired current managers long ago as profit, and cashing in stock options at higher stock prices, is everything to these people.</p></blockquote><p></p>
[QUOTE="vantexan, post: 1426653, member: 24302"] But you have to understand how stock options work. Upper management is given the option to buy company stock at discounted prices within a certain time frame. The reasoning is that they'll do all possible to push the price of the stock up on the stock exchange, making it more desirable to buy. Then they exercise their options before expiration to sell on the market(or choose to keep it if they want) to make as high a profit as possible, thus not only benefitting them but all stockholders. The problem is that major corporations have developed an incestuous relationship with the big funds on Wall Street who use our 401k money to buy the stock that makes our exec's millions. But that money comes from Wall Street, the millions you see our exec's making does not come from corporate revenue. My argument is that exec's should be content with very generous salaries and stop hammering employees to reap millions from stock options. But that's not the way the world works. Those in a position to make that kind of money convince themselves that they deserve it and turn a blind eye to the struggles of their employees rather than do the right thing. As far as management ability goes UPS leases most of it's planes and has a much smaller percentage of the overnight market. Most of it's freight is trucked and the only way FedEx will have similar costs is to do the same. As long as we are the country's largest overnight service using aircraft to deliver pkgs our costs will be much higher and in no way will we have the money for UPS pay and benefits. Ultimately it has to come out of the profit and FedEx is doing everything possible to increase that profit which means that they have no intent to pay better but also means if it was just a matter of better management then they'd have fired current managers long ago as profit, and cashing in stock options at higher stock prices, is everything to these people. [/QUOTE]
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