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<blockquote data-quote="Ricochet1a" data-source="post: 1168283" data-attributes="member: 22880"><p>What you are suggesting is what is being referred to as 'Pulling a Hostess'. </p><p></p><p>Hostess was shutdown and the assets sold off, all to out the organized labor and start anew (the Twinkie is making a comeback - just won't be a union made and transported Twinkie...)</p><p></p><p>There are some problems with FedEx trying that. </p><p></p><p>First, FedEx stock is publicly owned and traded. Can't have a 'just to friends' sale. All part of the price of a company having publicly traded stock. I do believe that Hostess WASN'T publicly traded (not entire sure, but nearly so...). A privately owned company can pull off such a move and get away with it. I believe this was part of the closing of Hostess (they brought in a notorious CEO that was noted for doing just such moves). The unions failed to get Hostess to deal with them, the company 'died', with its brands and facilities being sold off to investors and it is currently being 'resurrected' as I write. </p><p></p><p>Fred can get to where you suggest without completely shutting down Express. Wages have stagnated for years. They took away the pension plan. The health care is gradually being made more expensive. It is the snail moving across the ground - it moves slow, but it KNOWS where it wants to go and will eventually get there. Fred believes he has the time to get there on his own terms. Having Ground make those double digit margins is giving him that time (if it wasn't for Ground, he'd be out right now - the institutional investors would've supported getting a new CEO 5 or more years ago).</p><p></p><p>If Fred would've come right out and stated what he wanted Express to look like in no uncertain terms to the employees - they would've started signing union cards - even the idiots. He's not doing that, he is lying through his teeth, to keep his volume moving while he SLOWLY institutes change in Express (they are dumping a lot of the salaried bloat in Memphis right now - all part of the plan). By the way, back in 2010 I wrote that they could do just this (dump salaried staff), many said, "No way, they are vital". Yup, they are so vital that they are being paid up to 2 years salary with allowances for health insurance purchasing on the open market - just to get them to go. </p><p></p><p>Nothing to see here, nothing at all. All just random, coincidental events...</p></blockquote><p></p>
[QUOTE="Ricochet1a, post: 1168283, member: 22880"] What you are suggesting is what is being referred to as 'Pulling a Hostess'. Hostess was shutdown and the assets sold off, all to out the organized labor and start anew (the Twinkie is making a comeback - just won't be a union made and transported Twinkie...) There are some problems with FedEx trying that. First, FedEx stock is publicly owned and traded. Can't have a 'just to friends' sale. All part of the price of a company having publicly traded stock. I do believe that Hostess WASN'T publicly traded (not entire sure, but nearly so...). A privately owned company can pull off such a move and get away with it. I believe this was part of the closing of Hostess (they brought in a notorious CEO that was noted for doing just such moves). The unions failed to get Hostess to deal with them, the company 'died', with its brands and facilities being sold off to investors and it is currently being 'resurrected' as I write. Fred can get to where you suggest without completely shutting down Express. Wages have stagnated for years. They took away the pension plan. The health care is gradually being made more expensive. It is the snail moving across the ground - it moves slow, but it KNOWS where it wants to go and will eventually get there. Fred believes he has the time to get there on his own terms. Having Ground make those double digit margins is giving him that time (if it wasn't for Ground, he'd be out right now - the institutional investors would've supported getting a new CEO 5 or more years ago). If Fred would've come right out and stated what he wanted Express to look like in no uncertain terms to the employees - they would've started signing union cards - even the idiots. He's not doing that, he is lying through his teeth, to keep his volume moving while he SLOWLY institutes change in Express (they are dumping a lot of the salaried bloat in Memphis right now - all part of the plan). By the way, back in 2010 I wrote that they could do just this (dump salaried staff), many said, "No way, they are vital". Yup, they are so vital that they are being paid up to 2 years salary with allowances for health insurance purchasing on the open market - just to get them to go. Nothing to see here, nothing at all. All just random, coincidental events... [/QUOTE]
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