Dfigtree
Well-Known Member
Thank you, Channahon. I appreciate the information. And, I really liked the following Kelly-ism.
"It really hasn't been about the money. It's been about positioning our company for the future and giving us the currency for acquisitions,"
So ... It's not about the money. It's about the currency. I have a thousand dollars in my savings account. That's money! And, it's in US dollars. That's currency!
The strange thing about Kelly's statement is that UPS already was a currency before UPS went public. Didn't most of us own a few shares of UPS stock before Nov. 1999?
And, there seems to be some kind of equivalence here ,too, in that UPS could acquire a company for two pre-public offering shares (say, at $25) or 1 post-public offering share (say, initially set at $50). Same thing, except that the acquired company's shareholders have a say in UPS doings. So, 1) "A" shareholders (UPSers, UPS foundations and retirees) have 10 time the voting power of B shares (outsiders), 2) pre-IPO shareholders get a doubling of the value of their shares, 3) the value of the company remains the same and 4) UPS has a huge meaningless market capitalization.
Money vs. currency.
"It really hasn't been about the money. It's been about positioning our company for the future and giving us the currency for acquisitions,"
So ... It's not about the money. It's about the currency. I have a thousand dollars in my savings account. That's money! And, it's in US dollars. That's currency!
The strange thing about Kelly's statement is that UPS already was a currency before UPS went public. Didn't most of us own a few shares of UPS stock before Nov. 1999?
And, there seems to be some kind of equivalence here ,too, in that UPS could acquire a company for two pre-public offering shares (say, at $25) or 1 post-public offering share (say, initially set at $50). Same thing, except that the acquired company's shareholders have a say in UPS doings. So, 1) "A" shareholders (UPSers, UPS foundations and retirees) have 10 time the voting power of B shares (outsiders), 2) pre-IPO shareholders get a doubling of the value of their shares, 3) the value of the company remains the same and 4) UPS has a huge meaningless market capitalization.
Money vs. currency.