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<blockquote data-quote="browniehound" data-source="post: 315905" data-attributes="member: 4653"><p>Chan,</p><p>I respect you for the fact that you never pushed the DESPP on any of your employees (many of us have no clue). Was there a time when managers were encouraged to "advise" its employees to participate in the plan?</p><p> </p><p>I ask this because there was a period of 3 or 4 years (around '01 to '05) that I was "advised" to participate in this plan. While I am smart enough not to take financial advice from someone whose's job is to manage packages, (I was encouraged at least 3 times privately in our one-vision talks), there are many hourlies that don't know any better. </p><p> </p><p>These people think, UPS: great company, great dividend, discounted pucrchase, in business for 100 years, payroll deductions, I can't go wrong.</p><p> </p><p>All of that may be true, but it may not be the best place for this employee to put his money depending on his financial situation. Our hourlies shouldn't be getting financial advice from our managers. </p><p> </p><p>We have proffesional money mangers who went to school for 6 years and practice their job 12 hours a day make mistakes in money management. Now, we are getting financial advice from someone whose job is packages 12 hours a day????</p><p> </p><p>I haven't even heard "please check with a financial proffesional before purchasing any securities"</p><p> </p><p>Many drivers I speak with that own UPS stock think its a great long term investment. It may or may not be. When oil reaches $180 per barrell are you going to the bookstore to get a book or order it from Amazon and pay $30 in shipping costs?</p><p> </p><p>My guess its going to be very( actually I mean VERY) costly to transport goods in the future, and I think UPS and its stock price will suffer.<img src="/community/styles/default/xenforo/smilies/FeltTip/dissapointed.png" class="smilie" loading="lazy" alt=":dissapointed:" title="Disappointed :dissapointed:" data-shortname=":dissapointed:" /></p><p> </p><p>Brownie.</p></blockquote><p></p>
[QUOTE="browniehound, post: 315905, member: 4653"] Chan, I respect you for the fact that you never pushed the DESPP on any of your employees (many of us have no clue). Was there a time when managers were encouraged to "advise" its employees to participate in the plan? I ask this because there was a period of 3 or 4 years (around '01 to '05) that I was "advised" to participate in this plan. While I am smart enough not to take financial advice from someone whose's job is to manage packages, (I was encouraged at least 3 times privately in our one-vision talks), there are many hourlies that don't know any better. These people think, UPS: great company, great dividend, discounted pucrchase, in business for 100 years, payroll deductions, I can't go wrong. All of that may be true, but it may not be the best place for this employee to put his money depending on his financial situation. Our hourlies shouldn't be getting financial advice from our managers. We have proffesional money mangers who went to school for 6 years and practice their job 12 hours a day make mistakes in money management. Now, we are getting financial advice from someone whose job is packages 12 hours a day???? I haven't even heard "please check with a financial proffesional before purchasing any securities" Many drivers I speak with that own UPS stock think its a great long term investment. It may or may not be. When oil reaches $180 per barrell are you going to the bookstore to get a book or order it from Amazon and pay $30 in shipping costs? My guess its going to be very( actually I mean VERY) costly to transport goods in the future, and I think UPS and its stock price will suffer.:dissapointed: Brownie. [/QUOTE]
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