Fred's Myth
Nonhyphenated American
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.
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.