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Where is this company headed?????
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<blockquote data-quote="pretzel_man" data-source="post: 507791" data-attributes="member: 927"><p>Red:</p><p> </p><p>I thiink its true that morale is down. At least true to an extent. The cause however is NOT UPS "focusing on the stockholders". In fact I believe the issue is the opposite.</p><p> </p><p>In the old days, we worked just as hard as sups do today. Some could argue we worked harder. However, we had the comfort that stock was growing. We knew that down the road, there would be a reward.</p><p> </p><p>Today, we have three issues to deal with that make the situation very difficult. First, competition is much more fierce than when I started 33 years ago. We are no longer the up and coming growth company.</p><p> </p><p>Second, being a public company I think forces more short term view. Whatever they say, I know we spend more time looking at next quarter than we did before and less time on the next decade than when we were private.</p><p> </p><p>Compound this with the global economic crisis, and there is a perfect storm of issues.</p><p> </p><p>Now the other side, which I don't think you have taken into account yet. We have a strong, financially sound company. We WILL get past this recession. This is not new to us. We have NOT seen the huge layoffs and fire sales that other companies have.</p><p> </p><p>I think the management committee did a great job of explaining this on the report back DVD.</p><p> </p><p>We need the recession to end, and we need to grow. If we grow, this will be good for our people. We need to also take care of shareowners because they fund the effort.</p><p> </p><p>BTW, something very similar to the above paragraph was uttered by Jim Casey about 60 years ago.</p><p> </p><p>P-Man</p></blockquote><p></p>
[QUOTE="pretzel_man, post: 507791, member: 927"] Red: I thiink its true that morale is down. At least true to an extent. The cause however is NOT UPS "focusing on the stockholders". In fact I believe the issue is the opposite. In the old days, we worked just as hard as sups do today. Some could argue we worked harder. However, we had the comfort that stock was growing. We knew that down the road, there would be a reward. Today, we have three issues to deal with that make the situation very difficult. First, competition is much more fierce than when I started 33 years ago. We are no longer the up and coming growth company. Second, being a public company I think forces more short term view. Whatever they say, I know we spend more time looking at next quarter than we did before and less time on the next decade than when we were private. Compound this with the global economic crisis, and there is a perfect storm of issues. Now the other side, which I don't think you have taken into account yet. We have a strong, financially sound company. We WILL get past this recession. This is not new to us. We have NOT seen the huge layoffs and fire sales that other companies have. I think the management committee did a great job of explaining this on the report back DVD. We need the recession to end, and we need to grow. If we grow, this will be good for our people. We need to also take care of shareowners because they fund the effort. BTW, something very similar to the above paragraph was uttered by Jim Casey about 60 years ago. P-Man [/QUOTE]
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