Is this a viable alternative to a union?

Discussion in 'FedEx Discussions' started by Fred's Myth, Aug 30, 2015.

  1. Fred's Myth

    Fred's Myth Active Member

    I read an interesting article recently which aptly describes hourlies as stakeholders vs. stockholders. We have a stake in Fedex, which only cares about those who have stock. With that in mind, I wondered if the following scenario is viable. I welcome input that refines or refutes its viability...less so it's practicality. If it will work, it would be worth the extensive time for implementation.

    1. Form an 'employee unification co-op' inclusive of all opcos.
    2. Said employees would contribute an hour of wages each month.
    3. Monies collected would be used to purchase Fedex stock.
    4. Co-op would "hold" stock for all employees.
    5. Employees would retain ownership of purchased stock, with right to sell same only when leaving their employment at FedEx.
    6. At some point in time, enough stock would be retained by the co-op that it could influence the board and their decisions to the benefit of the co-ops members.

    I realize this is a rough draft, but I think it could work. FedEx wins by keeping its stock prices up, we win by eventually attaining some influence over our situation.
     
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  2. upschuck

    upschuck Avatar bet gone wrong

    That is your alternative to a union? That's funny
     
  3. Brownslave688

    Brownslave688 You want a toe? I can get you a toe.

    I don't think you even remotely understand unions.
     
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  4. It will be fine

    It will be fine Well-Known Member

    There are plenty of examples of employee owned companies. The only stories I've read about them all have the original owner's consent and backing. This would be a brute force method. The biggest issue would be administration. No one would organize and handle this for free. If it worked, whoever was in charge would end up being just another big shot on the golf course with Fred, not really looking out for your interests. Kinda like Hoffa with Ups.
     
  5. Fred's Myth

    Fred's Myth Active Member

    It's a kid glove alternative. Appears something is better than nothing.
     
  6. Fred's Myth

    Fred's Myth Active Member

    Elected representation with term limits. I like the idea of brute force, here. We would form and administer in house, not unlike a credit union.
     
  7. vantexan

    vantexan Well-Known Member

    I've read somewhere that there's something like 170 million outstanding shares of Fedex stock. It would take a very long time for enough stock to be accumulated to have influence.
     
  8. Slick silver

    Slick silver Active Member

    Thinking outside the box... I like it.
     
  9. overflowed

    overflowed Well-Known Member

    Some companies maybe, but i don't think this one will go along with this idea.
     
  10. bbsam

    bbsam Moderator Staff Member

    Signing a card is free. You think people are going to give up money if they won't sign a card?
     
  11. overflowed

    overflowed Well-Known Member

    Scammy my friend. What will happen when all the old school topped out Express people retire? At the same time all the people been screwed for 5-10 will leave by choice. Express will be left with ground drivers, which is basically what they are hiring at Express now. Where do you think the profit will come from? It takes 3 new hires to do the job of 1 Express driver from 3 years ago. Kids are lazy these days? Ground.
     
  12. bbsam

    bbsam Moderator Staff Member

    What does that have to do with the topic? Oh my. You aren't trying to frighten me again, are you?
     
  13. bacha29

    bacha29 Well-Known Member

    Mr. Fred: Your comments are well meaningbut have you considered the fact that Ground is operated by so called "independent contractors" In this scenerio they would have no say.Thank you for your honesty regarding having fed ex stock especially given that the stock price has gained more than 500% in 7 years. Perhaps the fact that 78% of the company's profit is derived from Grounds 21% revenue contribution may have something to do with that stock appreciation. You bet it does. It's the only thing FX has that makes any money
     
  14. bbsam

    bbsam Moderator Staff Member

    Uh-oh. Now you've peeled the scab off.
     
  15. overflowed

    overflowed Well-Known Member

    lol
    ok , staff member
     
  16. overflowed

    overflowed Well-Known Member

    making a point dude, that to much for a moderator?
     
  17. Fred's Myth

    Fred's Myth Active Member

    Remember,sir, you are on the FedEx side of the forum.
     
  18. bbsam

    bbsam Moderator Staff Member

    It's "too".

    And no, it's not TOO much. I just don't see what it has to do with the thread. Do you have an answer?
     
  19. Fred's Myth

    Fred's Myth Active Member

    Are you prepared if the NLRB decision is implemented? Co-employees would be welcomed with open arms.
     
  20. Fred's Myth

    Fred's Myth Active Member

    Why would we need their approval?