UPS CEO: 'Very comfortable' with Amazon relationship

Discussion in 'The Latest UPS Headlines' started by cheryl, Dec 29, 2015.

  1. cheryl

    cheryl I started this. Staff Member

    UPS CEO: 'Very comfortable' with Amazon relationship - CNBC

    UPS CEO David Abney said he is "very comfortable" with his company's relationship with Amazon.com, one week after The Wall Street Journal reported the relationship between the two had come under stress.

    The report raised the possibility of Amazon emerging as a rival to UPS in a bid to process rising package volumes and offset higher shipping costs.

    But Abney dismissed the notion that UPS' customers would be better off going it alone.
     
  2. Monkey Butt

    Monkey Butt You can call me Chappy Staff Member

    What does he know? LOL
    Ask any Union Thug and they will give you the lowdown.
     
  3. Overpaid Union Thug

    Overpaid Union Thug Well-Known Member

    I know that going public was a huge mistake. Apparently you don't.
     
  4. upschuck

    upschuck Avatar bet gone wrong

    His stock quadrupled in a short time.
     
  5. Monkey Butt

    Monkey Butt You can call me Chappy Staff Member

    No, I don't.
    Nope
    Just tripled in a short time.
    I kept saying, "Yeah it's bad for employees ... but not everyone else, especially the shareholders."

    Thug is a very narrowly focused person!
     
  6. upschuck

    upschuck Avatar bet gone wrong

    I thought it was @ like $30, then split 2 for 1, and IPO was @ $60?
     
  7. Monkey Butt

    Monkey Butt You can call me Chappy Staff Member

    It was $25 for private owners and the IPO offering was for $50 which turned into $60 for individuals buying the public stock.
    It went up to $75 during the initial runup.

    Therefore, the triple.

    Note: I sold about 90% of my stock back in 2006 for a little over $82/ share
     
  8. upschuck

    upschuck Avatar bet gone wrong

    Ok, my memory must be failing me. :)
     
  9. Ghost in the Darkness

    Ghost in the Darkness Active Member

    Maybe next year when they decide Christmas will be a volunteer... "forced"... workday, we all call in.
     
  10. Overpaid Union Thug

    Overpaid Union Thug Well-Known Member

    I've had more than a few old timers in upper management tell me that going public was a huge mistake. They were able to admit that despite their personal monetary gain. I've had one actually tell me that the gains from his stock wasn't worth the BS that comes with being a publicity traded company. The mistake has also been mentioned on this board countless times. So, it is apparent that it is you that is narrowly focused. Not me.
     
    • Like Like x 1
    • Agree Agree x 1
    • List
    Last edited: Dec 29, 2015
  11. Monkey Butt

    Monkey Butt You can call me Chappy Staff Member

    That was a well laid out post ... nice job.
     
    • Optimistic Optimistic x 1
    • List
  12. Overpaid Union Thug

    Overpaid Union Thug Well-Known Member

    [​IMG]
     
  13. brownmonster

    brownmonster Man of Great Wisdom

    The 25 being the price after the pre IPO split.
     
  14. Monkey Butt

    Monkey Butt You can call me Chappy Staff Member

    Correct.
    It was $50 and then split 2 for 1.
    I remember smoking a cigar that day.
     
  15. brownmonster

    brownmonster Man of Great Wisdom

    I had a pittance and smoked a candy cigarette.
     
  16. Coldworld

    Coldworld Well-Known Member

    Ok Monica ......
     
  17. upschuck

    upschuck Avatar bet gone wrong

    I have actually got more packages this year UPS, than last year. Only one has come FedEx, and that is because it is coming Sat.