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<blockquote data-quote="TechGrrl" data-source="post: 581879" data-attributes="member: 4932"><p>That is just a rumor. And not a particularly good one, either.</p><p></p><p>Even if NW had 10,000 shares of Accenture stock, just how big a bump do you think Accenture stock would get from taking over (pick a number) 400 UPS jobs? ACN is trading at around $36.35 today. If he owned 10,000 shares, that's $363,000 in value. If the UPS contract bumped ACN stock 10%, NW gains (briefly) $36,850. And to realize that gain,he would need to sell his stock. Assuming that all the stock he owned had been purchased at a price of $36.35 If he had purchased it at the 52-week high, he's still underwater...</p><p></p><p>Believe me, he has a much larger financial stake in UPS stock, and dividends, and his options, and all the other goodies a district-manager level guy like a Portfolio Manager has. His financial well-being is firmly tied to UPS' financial well-being. Since he is a really smart guy, I suspect he's got a well-diversified portfolio of investments, but UPS is still probably the largest component of his personal wealth.</p><p></p><p>Rumors like this are a way to ease the pain and try to make sense of something that doesn't seem to make sense, and is hard to wrap your head around. An evil bogeyman with a personal greedy motive makes it easier to swallow.</p></blockquote><p></p>
[QUOTE="TechGrrl, post: 581879, member: 4932"] That is just a rumor. And not a particularly good one, either. Even if NW had 10,000 shares of Accenture stock, just how big a bump do you think Accenture stock would get from taking over (pick a number) 400 UPS jobs? ACN is trading at around $36.35 today. If he owned 10,000 shares, that's $363,000 in value. If the UPS contract bumped ACN stock 10%, NW gains (briefly) $36,850. And to realize that gain,he would need to sell his stock. Assuming that all the stock he owned had been purchased at a price of $36.35 If he had purchased it at the 52-week high, he's still underwater... Believe me, he has a much larger financial stake in UPS stock, and dividends, and his options, and all the other goodies a district-manager level guy like a Portfolio Manager has. His financial well-being is firmly tied to UPS' financial well-being. Since he is a really smart guy, I suspect he's got a well-diversified portfolio of investments, but UPS is still probably the largest component of his personal wealth. Rumors like this are a way to ease the pain and try to make sense of something that doesn't seem to make sense, and is hard to wrap your head around. An evil bogeyman with a personal greedy motive makes it easier to swallow. [/QUOTE]
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