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WOW!! A Fully-Funded Pension
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<blockquote data-quote="vantexan" data-source="post: 735189" data-attributes="member: 24302"><p>You are right, we shouldn't do like UPS and top out in 3 years...20+ is fine for us. What sort are you working on where couriers are standing around drinking coffee? I unload containers every morning, rehired 11,5 years ago, about 23 years total. Let me work at your station!</p><p></p><p>Now you can't be that ignorant! Investors providing us with capital? You do know that the stock traded on the NYSE doesn't provide us with capital? It's about keeping the stock price high so those who own alot of stock can pull out as much cash as possible when they sell their personal shares. How do they do that? They give big institutional buyers i.e. mutual funds an incentive to buy our stock by providing a dividend from our profits. And a nice bonus for those individuals who own alot of shares is they get those dividends too. Everything we do is about keeping that stock price high. That's why our benefits have been stripped and our pay progression slowed to a trickle..to keep that stock price high. If you don't know that I would suggest you read up on investing before you start calling people dumb. If I bought a million shares of FedEx stock tomorrow the company wouldn't see a dime of it. Companies only get investment capital from the sale of stock when they offer an I.P.O....Initial Public Offering. Something new companies do. Where does the money come from for capital investments like planes, etc? At the start from the I.P.O., but ongoing it comes out of profits, not from the stock market. And if you've read my posts at all you know I've pointed out that FedEx can't pay UPS pay and benefits, but unlike you I believe they can certainly do better by us. We initially topped out in 2 years, but over the years the company, in pursuit of that high stock price, has stripped our benefits and held our pay down. And either you are a mgr or a newer employee who doesn't know the company's history.</p></blockquote><p></p>
[QUOTE="vantexan, post: 735189, member: 24302"] You are right, we shouldn't do like UPS and top out in 3 years...20+ is fine for us. What sort are you working on where couriers are standing around drinking coffee? I unload containers every morning, rehired 11,5 years ago, about 23 years total. Let me work at your station! Now you can't be that ignorant! Investors providing us with capital? You do know that the stock traded on the NYSE doesn't provide us with capital? It's about keeping the stock price high so those who own alot of stock can pull out as much cash as possible when they sell their personal shares. How do they do that? They give big institutional buyers i.e. mutual funds an incentive to buy our stock by providing a dividend from our profits. And a nice bonus for those individuals who own alot of shares is they get those dividends too. Everything we do is about keeping that stock price high. That's why our benefits have been stripped and our pay progression slowed to a trickle..to keep that stock price high. If you don't know that I would suggest you read up on investing before you start calling people dumb. If I bought a million shares of FedEx stock tomorrow the company wouldn't see a dime of it. Companies only get investment capital from the sale of stock when they offer an I.P.O....Initial Public Offering. Something new companies do. Where does the money come from for capital investments like planes, etc? At the start from the I.P.O., but ongoing it comes out of profits, not from the stock market. And if you've read my posts at all you know I've pointed out that FedEx can't pay UPS pay and benefits, but unlike you I believe they can certainly do better by us. We initially topped out in 2 years, but over the years the company, in pursuit of that high stock price, has stripped our benefits and held our pay down. And either you are a mgr or a newer employee who doesn't know the company's history. [/QUOTE]
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