Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
The Competition
FedEx Discussions
FedEx 3Q earnings tumble 75%
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="FedEx2000" data-source="post: 524466" data-attributes="member: 13621"><p>Didn't intentionally avoid the pension statement, just forgot to touch on it. Sure, the changes weren't all for the better, but many were also due to legal changes/SOX. I guess i am just glad i still have one and that it wasn't just taken away all together a la United/Enron/insert company here. My advice is to plan your retirement like you don't have a pension, just a 401k/IRA/whatever investments you want and the pension is all gravy. Easier said than done, I know. Hopefully it will be more than the 10 cents a week I might get from social security.</p><p></p><p>I agree that most of upper mgt is out of touch with the day-to-day operations, but I think it's more due to their macro-view of the company. They are trying to do the best thing for the company as a whole as well as the shareholders (which is the goal of a publicly held company), but that doesn't always translate well to the hourlies. They are well aware that without the hard work/effort of the hourlies, FedEx would not have become the company that it is. (Some would say use to be, not I)</p><p>Most of them have come up through the ranks as well, though it is a bit more about who you know than what you know. That's just how the world works. Can't say I blame them that much, I would prefer to have people around me that I know and trust who have come up through the ranks with me and have a vested interest in the company. Not a perfect situation, but I think better than headhunting people from other company's that don't give a darn about the place they work and are just following the money.</p><p></p><p>It is interesting to the SFA results each year and upper mgt wonders why they score so much lower than local mgt (usually). They assume local mgt has passed the buck and sold them out. May be true in a few places, but usually it's just b/c most of the hourlies are intelligent enough to know where things come from. </p><p></p><p>I, personally, would like to see FedEx give the hourlies a "FedEx Stimulus" if you will. (If there are no raises this year) $1,000 to each FTer and $500 to the PTers, or something similar. It would be cheaper than raises, but would at least be a good faith effort. Probably not going to happen though for obvious reasons.</p><p></p><p>It's tragic that some people don't care anymore, especially if it is affecting the customer. I don't care what the issue is, the customers pay the bills and giving them crappy service will guarantee no raises/fewer jobs etc. Taking it out on them is the worst possible solution and counteracts everything that you/I/FedEx stands for. Whatever is bothering you that day, leave it at home/in the station and forget about it while you are in front of the customers. They have problems too, they don't need to hear or care about ours.</p><p></p><p>As we lose a customer to UPS, they lose one to us. It's a neverending process and the only thing I can do about it is make sure it doesn't happen at my location. Control what you can control my friend! We may not see eye to eye on many things, but you obviously still care and that is a very good thing.</p></blockquote><p></p>
[QUOTE="FedEx2000, post: 524466, member: 13621"] Didn't intentionally avoid the pension statement, just forgot to touch on it. Sure, the changes weren't all for the better, but many were also due to legal changes/SOX. I guess i am just glad i still have one and that it wasn't just taken away all together a la United/Enron/insert company here. My advice is to plan your retirement like you don't have a pension, just a 401k/IRA/whatever investments you want and the pension is all gravy. Easier said than done, I know. Hopefully it will be more than the 10 cents a week I might get from social security. I agree that most of upper mgt is out of touch with the day-to-day operations, but I think it's more due to their macro-view of the company. They are trying to do the best thing for the company as a whole as well as the shareholders (which is the goal of a publicly held company), but that doesn't always translate well to the hourlies. They are well aware that without the hard work/effort of the hourlies, FedEx would not have become the company that it is. (Some would say use to be, not I) Most of them have come up through the ranks as well, though it is a bit more about who you know than what you know. That's just how the world works. Can't say I blame them that much, I would prefer to have people around me that I know and trust who have come up through the ranks with me and have a vested interest in the company. Not a perfect situation, but I think better than headhunting people from other company's that don't give a darn about the place they work and are just following the money. It is interesting to the SFA results each year and upper mgt wonders why they score so much lower than local mgt (usually). They assume local mgt has passed the buck and sold them out. May be true in a few places, but usually it's just b/c most of the hourlies are intelligent enough to know where things come from. I, personally, would like to see FedEx give the hourlies a "FedEx Stimulus" if you will. (If there are no raises this year) $1,000 to each FTer and $500 to the PTers, or something similar. It would be cheaper than raises, but would at least be a good faith effort. Probably not going to happen though for obvious reasons. It's tragic that some people don't care anymore, especially if it is affecting the customer. I don't care what the issue is, the customers pay the bills and giving them crappy service will guarantee no raises/fewer jobs etc. Taking it out on them is the worst possible solution and counteracts everything that you/I/FedEx stands for. Whatever is bothering you that day, leave it at home/in the station and forget about it while you are in front of the customers. They have problems too, they don't need to hear or care about ours. As we lose a customer to UPS, they lose one to us. It's a neverending process and the only thing I can do about it is make sure it doesn't happen at my location. Control what you can control my friend! We may not see eye to eye on many things, but you obviously still care and that is a very good thing. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
The Competition
FedEx Discussions
FedEx 3Q earnings tumble 75%
Top