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Brown Cafe UPS Forum
UPS Partners
Another Mgmt Buyout
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<blockquote data-quote="Griff" data-source="post: 223302" data-attributes="member: 7111"><p>UPS has been trying to flex its political muscle and clout for years now on pension issues. If what they claim is true, that they want UPS dollars to go to UPS people, I'd be in favor of an exclusive UPS pension. Unfortunately, I have information from a reliable source that everyone in Atlanta sleeps in a coffin during the day and they are not to be trusted. We all know what UPS really wants, they want more profit and paying billions of dollars every year into pension plans gets in the way.</p><p></p><p>Lets not forget that the CS plan is $15 billion dollars underfunded. Why the hell would UPS stick their nose into that mess? You think the stock price is dead now..............just you wait. They aren't trying to bail out the CS plan, they are trying to bail OUT of the CS plan.</p></blockquote><p></p>
[QUOTE="Griff, post: 223302, member: 7111"] UPS has been trying to flex its political muscle and clout for years now on pension issues. If what they claim is true, that they want UPS dollars to go to UPS people, I'd be in favor of an exclusive UPS pension. Unfortunately, I have information from a reliable source that everyone in Atlanta sleeps in a coffin during the day and they are not to be trusted. We all know what UPS really wants, they want more profit and paying billions of dollars every year into pension plans gets in the way. Lets not forget that the CS plan is $15 billion dollars underfunded. Why the hell would UPS stick their nose into that mess? You think the stock price is dead now..............just you wait. They aren't trying to bail out the CS plan, they are trying to bail OUT of the CS plan. [/QUOTE]
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