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<blockquote data-quote="MrFedEx" data-source="post: 286278" data-attributes="member: 12508"><p style="margin-left: 20px">Isn't it curious that the CEO of FedEx Express would dump his stock just before it dropped substantially? As this whole Ground escapade unfolds, watch FedEx stock plummet when the full extent of their liabilty is revealed. What gets me is that they are still trying to keep the contractor model alive, albeit in a slightly altered form. They just won't give up on the concept of pawning-off all of their costs onto a "contractor".</p> <p style="margin-left: 20px"></p> <p style="margin-left: 20px">After many years of working for the Express division of FedEx it really seems to me that the big shots of the corporation truly feel they are above the law. They have long relied on Mr Smith's political connections to bail them out of hot water and to ensure the passage of favorable legislation.FedEx corporate aircraft have been shuttling obsequient politicians around the world for years (the other FedEx airline)while Smith either lines their pockets or bankrolls their campaigns. When Smith successfully lobbied his politicians to overturn the attempt to re-classify FedEx Express out of the Railway Labor Act in the mid 90's, Ted Kennedy called it one of the sneakiest and low-down moves in corporate history. By tacking the RLA provision onto another bill, they snuck it under the radar. The Teamsters, who had pushed fairly hard for the change, suddenly disappeared, leaving those of us who had supported them in the lurch.</p> <p style="margin-left: 20px"></p> <p style="margin-left: 20px">I really think that this is the year FedEx pays for it's transgressions. A very soft peak for the Express division, combined with fuel cost hikes that surcharges won't cover, and all of the legal problems with both the Express and Ground sides means BIG payouts. Several new class-action suits in the wings have the potential to hit hard.</p> <p style="margin-left: 20px"></p> <p style="margin-left: 20px">And if the Teamsters would ever get off their collective asses and do something about getting FedEx Express under the NLRA, there would really be problems. Sometimes I wonder if Smith has successfully funneled money to Teamster leadership in exchange for backing-off on trying to unionize the company. The Teamsters have been standing on the sidelines doing basically nothing....why?</p> <p style="margin-left: 20px"></p></blockquote><p></p>
[QUOTE="MrFedEx, post: 286278, member: 12508"] [INDENT]Isn't it curious that the CEO of FedEx Express would dump his stock just before it dropped substantially? As this whole Ground escapade unfolds, watch FedEx stock plummet when the full extent of their liabilty is revealed. What gets me is that they are still trying to keep the contractor model alive, albeit in a slightly altered form. They just won't give up on the concept of pawning-off all of their costs onto a "contractor". After many years of working for the Express division of FedEx it really seems to me that the big shots of the corporation truly feel they are above the law. They have long relied on Mr Smith's political connections to bail them out of hot water and to ensure the passage of favorable legislation.FedEx corporate aircraft have been shuttling obsequient politicians around the world for years (the other FedEx airline)while Smith either lines their pockets or bankrolls their campaigns. When Smith successfully lobbied his politicians to overturn the attempt to re-classify FedEx Express out of the Railway Labor Act in the mid 90's, Ted Kennedy called it one of the sneakiest and low-down moves in corporate history. By tacking the RLA provision onto another bill, they snuck it under the radar. The Teamsters, who had pushed fairly hard for the change, suddenly disappeared, leaving those of us who had supported them in the lurch. I really think that this is the year FedEx pays for it's transgressions. A very soft peak for the Express division, combined with fuel cost hikes that surcharges won't cover, and all of the legal problems with both the Express and Ground sides means BIG payouts. Several new class-action suits in the wings have the potential to hit hard. And if the Teamsters would ever get off their collective asses and do something about getting FedEx Express under the NLRA, there would really be problems. Sometimes I wonder if Smith has successfully funneled money to Teamster leadership in exchange for backing-off on trying to unionize the company. The Teamsters have been standing on the sidelines doing basically nothing....why? [/INDENT] [/QUOTE]
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