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<blockquote data-quote="vantexan" data-source="post: 1000018" data-attributes="member: 24302"><p>Fred is the single biggest shareholder. It was he at the front of building this company into what it is today. That includes terminating our traditional pension, building up Ground with poor pay and no benefits, and slowing our pay progression to a trickle. It was he who told us in the mid-90's that giving a 2% raise to topped out employees would cost FedEx an extra $30 million a YEAR and they couldn't afford it. That same month FedEx announced to Wall Street FedEx had a $250 million dollar in profit QUARTER, the first time that happened. It was Fred S who said that P-S-P was 3 equal parts, and that PEOPLE were never supposed to be first before the other components. Sure didn't jibe with what I heard all over the country: "People-Service-Profit, with our people always coming first". Or more recently he said that FedEx has a no layoff philosophy, not a no layoff policy. There's very little pretense anymore, these guys are in it from Fred to your local mgr to enrich themselves and exploit everything and everyone needed to reach their goals. If they, or he, cared like you think he does, I'd have been topped out several years ago, at least, and wouldn't be here upsetting LTFedExer...</p></blockquote><p></p>
[QUOTE="vantexan, post: 1000018, member: 24302"] Fred is the single biggest shareholder. It was he at the front of building this company into what it is today. That includes terminating our traditional pension, building up Ground with poor pay and no benefits, and slowing our pay progression to a trickle. It was he who told us in the mid-90's that giving a 2% raise to topped out employees would cost FedEx an extra $30 million a YEAR and they couldn't afford it. That same month FedEx announced to Wall Street FedEx had a $250 million dollar in profit QUARTER, the first time that happened. It was Fred S who said that P-S-P was 3 equal parts, and that PEOPLE were never supposed to be first before the other components. Sure didn't jibe with what I heard all over the country: "People-Service-Profit, with our people always coming first". Or more recently he said that FedEx has a no layoff philosophy, not a no layoff policy. There's very little pretense anymore, these guys are in it from Fred to your local mgr to enrich themselves and exploit everything and everyone needed to reach their goals. If they, or he, cared like you think he does, I'd have been topped out several years ago, at least, and wouldn't be here upsetting LTFedExer... [/QUOTE]
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