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Brown Cafe UPS Forum
UPS Union Issues
CS pension "Cut out the middle man"
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<blockquote data-quote="satellitedriver" data-source="post: 244641" data-attributes="member: 1664"><p>Tied up is the keyword.</p><p>If it is in a 401k plan,</p><p>stock given can be sold the next day and the monies still held in a tax deferred account.</p><p>Most Enron people that got hurt, held the majority of their life savings in that single stock.</p><p>That is always foolish.</p><p>Enron's principal downfall was due to corrupt management and faulty accounting procedures.</p><p>I see more of those two qualities in the teamsters CS controlled pension plan than I have ever seen in the way UPS controls and conducts their business affairs.</p><p>Never say never, and yes the majority of people did learn from Enron.</p></blockquote><p></p>
[QUOTE="satellitedriver, post: 244641, member: 1664"] Tied up is the keyword. If it is in a 401k plan, stock given can be sold the next day and the monies still held in a tax deferred account. Most Enron people that got hurt, held the majority of their life savings in that single stock. That is always foolish. Enron's principal downfall was due to corrupt management and faulty accounting procedures. I see more of those two qualities in the teamsters CS controlled pension plan than I have ever seen in the way UPS controls and conducts their business affairs. Never say never, and yes the majority of people did learn from Enron. [/QUOTE]
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