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<blockquote data-quote="moreluck" data-source="post: 1509647" data-attributes="member: 1246"><p>rec'd this from a retired district mgr.</p><p></p><p><strong>Subject:</strong> <strong>From Jim Cramer - The Street..........................................................................................................</strong></p><p>Oweeeee!</p><p></p><p> </p><p>I've been taking some heat about the need to hold CEOs accountable. I have been taking heat for the analogies I make to the NFL.</p><p>I don't care. My critics can pound sand.</p><p>When I look at the truly horrendous numbers out of <strong>United Parcel Service</strong> (<a href="http://www.thestreet.com/quote/UPS.html" target="_blank">UPS</a> - <a href="http://secure2.thestreet.com/cap/prm.do?OID=028198&ticker=UPS" target="_blank">Get Report</a>) today, when I read once again about how <strong>McDonald's </strong>(<a href="http://www.thestreet.com/quote/MCD.html" target="_blank">MCD</a> - <a href="http://secure2.thestreet.com/cap/prm.do?OID=028198&ticker=MCD" target="_blank">Get Report</a>) knows it has problems and will address them with alacrity, I can't help but think, when is someone going to be held accountable for these kinds of subpar performances? And why do boards tolerate these mistakes and keep the CEOs of these two companies around for more earnings seasons?</p><p>Look, someone at UPS made a mistake selecting the chief operating officer, David Abney, to be CEO in 2014. As chief operating officer, he got a free pass last year for the holiday snafus that caused a huge downturn in the stock. But there can be no free pass for this year's errors. This company stated over and over again that it would not make the same expensive, stock-crushing gaffes when it came to this year's holiday season. It made good on its promise. It didn't make the same mistakes. It made worse mistakes. Hence, why it is down an astounding nine bucks in one session. This fine company deserves better. So do the shareholders.</p></blockquote><p></p>
[QUOTE="moreluck, post: 1509647, member: 1246"] rec'd this from a retired district mgr. [B]Subject:[/B] [B]From Jim Cramer - The Street..........................................................................................................[/B] Oweeeee! I've been taking some heat about the need to hold CEOs accountable. I have been taking heat for the analogies I make to the NFL. I don't care. My critics can pound sand. When I look at the truly horrendous numbers out of [B]United Parcel Service[/B] ([URL='http://www.thestreet.com/quote/UPS.html']UPS[/URL] - [URL='http://secure2.thestreet.com/cap/prm.do?OID=028198&ticker=UPS']Get Report[/URL]) today, when I read once again about how [B]McDonald's [/B]([URL='http://www.thestreet.com/quote/MCD.html']MCD[/URL] - [URL='http://secure2.thestreet.com/cap/prm.do?OID=028198&ticker=MCD']Get Report[/URL]) knows it has problems and will address them with alacrity, I can't help but think, when is someone going to be held accountable for these kinds of subpar performances? And why do boards tolerate these mistakes and keep the CEOs of these two companies around for more earnings seasons? Look, someone at UPS made a mistake selecting the chief operating officer, David Abney, to be CEO in 2014. As chief operating officer, he got a free pass last year for the holiday snafus that caused a huge downturn in the stock. But there can be no free pass for this year's errors. This company stated over and over again that it would not make the same expensive, stock-crushing gaffes when it came to this year's holiday season. It made good on its promise. It didn't make the same mistakes. It made worse mistakes. Hence, why it is down an astounding nine bucks in one session. This fine company deserves better. So do the shareholders. [/QUOTE]
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