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Brown Cafe UPS Forum
UPS Union Issues
Not one valid reason to stay with the Teamsters
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<blockquote data-quote="brownmonster" data-source="post: 154141" data-attributes="member: 298"><p>Single employer plans have another issue. Rich companies won ante up.</p><p></p><p>Exxon Mobil (XOM, news, msgs), for example, has the second biggest pension-fund shortfall (Ford is first.) Exxon has an $11.5 billion hole in its worker retirement plan</p><p></p><p></p><p></p><p>High prices for crude oil, gasoline and natural gas helped Exxon Mobil Corp. to its highest-ever quarterly profit, $9.92 billion, up 75 percent from the third quarter last year, the company said yesterday.</p><p></p><p>A promise to the shareholder is more important than a promise to the employee.</p></blockquote><p></p>
[QUOTE="brownmonster, post: 154141, member: 298"] Single employer plans have another issue. Rich companies won ante up. Exxon Mobil (XOM, news, msgs), for example, has the second biggest pension-fund shortfall (Ford is first.) Exxon has an $11.5 billion hole in its worker retirement plan High prices for crude oil, gasoline and natural gas helped Exxon Mobil Corp. to its highest-ever quarterly profit, $9.92 billion, up 75 percent from the third quarter last year, the company said yesterday. A promise to the shareholder is more important than a promise to the employee. [/QUOTE]
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Not one valid reason to stay with the Teamsters
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