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<blockquote data-quote="upsdawg" data-source="post: 168784" data-attributes="member: 2020"><p>JIM MUST GO.</p><p></p><p>Jim will leave after the celebrating is over. Hubris is a cardinal sin. Nonetheless, our CEO is showing he can HUBRIS with the best of the them. The real question is "Why wasn't UPS back dating options?" Heck, everybody was doing it. Was our CFO too stupid or too smart to do that. Now, <em><strong>IF</strong></em> we had back dated options, then JIM would be gone. Scott would be gone. And, probably Dave, too. Our troubles would be over or maybe just beginning. WHO WOULD BE THE REPLACEMENTS?</p></blockquote><p></p><p>Replacements------it could always be worse.True all things that happen are blamed on our CEO---this is a CEO who is reponsible for 5% of the GNP--which is what UPS represents.Our business has changed----we have a lot of revenue streams just as CHANNAHAN indicates in a previous post:</p><p></p><p>UPS Stores, UPS Air Cargo, UPS Capital, UPS Consulting, UPS Freight, UPS Logistic Technologies, UPS Mail Innovations, UPS Professional Services, UPS Sonic Air and UPS Supply Chain Solutions------we have moved from being a 20+ Billion company before Eskew was at the helm---now we are approching $$40 BILLION---a good problem to have!!!!!!</p><p></p><p>Are we losing volume----yes---will we continue to lose volume-yes --UPS can't charge rates that are lower than our cost to serve--and because we have a higher wage/benefit cost, our non-union competitors like Fed Ex and DHL can steal large customers away with much lower rates.So UPS has ventured into non-package business.( I used to know a guy that worked for UPS Supply Chain Solutions and all he did was the tech stuff for customers like Amazon--Dell and a couple others --billing and tracking --and performance reports--his group was responsible for $1 Billion in non-package revenues!)</p><p></p><p>So my point is-----making $1.3 Billion "PROFIT" for the 4th Qtr of 2006 is not a bad thing and I hope thet Eskew keeps the revenues and profits coming in.</p><p></p><p>My only wish is that we get better in the reporting of our $$$ to Wall Street and hopefully all of my Teamster Brothers ( I am receiving a monthly pension check form the Western Conference!)will remember come contract time that we have some bitter competition that is non-union that will be kicking our butts when it comes to stealing our customers away----stop wanting more and be satisfied with what we have compared to our competition!!</p><p>[/QUOTE]</p>
[QUOTE="upsdawg, post: 168784, member: 2020"] JIM MUST GO. Jim will leave after the celebrating is over. Hubris is a cardinal sin. Nonetheless, our CEO is showing he can HUBRIS with the best of the them. The real question is "Why wasn't UPS back dating options?" Heck, everybody was doing it. Was our CFO too stupid or too smart to do that. Now, [I][B]IF[/B][/I] we had back dated options, then JIM would be gone. Scott would be gone. And, probably Dave, too. Our troubles would be over or maybe just beginning. WHO WOULD BE THE REPLACEMENTS?[/QUOTE] Replacements------it could always be worse.True all things that happen are blamed on our CEO---this is a CEO who is reponsible for 5% of the GNP--which is what UPS represents.Our business has changed----we have a lot of revenue streams just as CHANNAHAN indicates in a previous post: UPS Stores, UPS Air Cargo, UPS Capital, UPS Consulting, UPS Freight, UPS Logistic Technologies, UPS Mail Innovations, UPS Professional Services, UPS Sonic Air and UPS Supply Chain Solutions------we have moved from being a 20+ Billion company before Eskew was at the helm---now we are approching $$40 BILLION---a good problem to have!!!!!! Are we losing volume----yes---will we continue to lose volume-yes --UPS can't charge rates that are lower than our cost to serve--and because we have a higher wage/benefit cost, our non-union competitors like Fed Ex and DHL can steal large customers away with much lower rates.So UPS has ventured into non-package business.( I used to know a guy that worked for UPS Supply Chain Solutions and all he did was the tech stuff for customers like Amazon--Dell and a couple others --billing and tracking --and performance reports--his group was responsible for $1 Billion in non-package revenues!) So my point is-----making $1.3 Billion "PROFIT" for the 4th Qtr of 2006 is not a bad thing and I hope thet Eskew keeps the revenues and profits coming in. My only wish is that we get better in the reporting of our $$$ to Wall Street and hopefully all of my Teamster Brothers ( I am receiving a monthly pension check form the Western Conference!)will remember come contract time that we have some bitter competition that is non-union that will be kicking our butts when it comes to stealing our customers away----stop wanting more and be satisfied with what we have compared to our competition!! [/QUOTE]
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