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Brown Cafe UPS Forum
UPS Union Issues
conference call
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<blockquote data-quote="kingOFchester" data-source="post: 1111954" data-attributes="member: 11246"><p>Here is what I got so far:</p><p></p><p>"Executory contract" is something companies use to avoid a debt or liability from showing up on the balance sheet. Installment contracts fall under the Executory contract. From my limited investigation, and even more limited knowledge on corporations accounting techniques, it seems as thou it is possible that by the Union taking over the administration of healthcare and UPS paying the union in installments, they avoid the obligation from showing up on the balance sheet. By doing so the company appears to be in a better financial state, which allows it borrow money cheaper and make their stock that much more attractive.</p><p></p><p>I would assume that the amount of payment is one of the issues at hand.</p><p></p><p></p><p>This is another reason why UPS wants to keep negotiations out of the media. Just one of the many reasons I am sure.</p></blockquote><p></p>
[QUOTE="kingOFchester, post: 1111954, member: 11246"] Here is what I got so far: "Executory contract" is something companies use to avoid a debt or liability from showing up on the balance sheet. Installment contracts fall under the Executory contract. From my limited investigation, and even more limited knowledge on corporations accounting techniques, it seems as thou it is possible that by the Union taking over the administration of healthcare and UPS paying the union in installments, they avoid the obligation from showing up on the balance sheet. By doing so the company appears to be in a better financial state, which allows it borrow money cheaper and make their stock that much more attractive. I would assume that the amount of payment is one of the issues at hand. This is another reason why UPS wants to keep negotiations out of the media. Just one of the many reasons I am sure. [/QUOTE]
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