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'97 Strike Resulted in UPS Going Public
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<blockquote data-quote="trickpony1" data-source="post: 2252819" data-attributes="member: 1957"><p>When has management ever cared what the drivers thought or did?</p><p></p><p>Management screwed themselves by going public as far as I'm concerned. Before going public, stock split like rabbits and management pretty much controlled the price. Multimillionaire managers were getting "hypo" loans and becoming even richer. Not true now.</p><p></p><p>Going public benefited two groups of people:</p><p>1) the descendants of the founding fathers who were already filthy rich and;</p><p>2) the multimillionaire managers who became even richer.</p><p></p><p>The union employee buying $20 of stock per paycheck isn't really gaining anything.</p><p></p><p>Don't blame the drivers.</p></blockquote><p></p>
[QUOTE="trickpony1, post: 2252819, member: 1957"] When has management ever cared what the drivers thought or did? Management screwed themselves by going public as far as I'm concerned. Before going public, stock split like rabbits and management pretty much controlled the price. Multimillionaire managers were getting "hypo" loans and becoming even richer. Not true now. Going public benefited two groups of people: 1) the descendants of the founding fathers who were already filthy rich and; 2) the multimillionaire managers who became even richer. The union employee buying $20 of stock per paycheck isn't really gaining anything. Don't blame the drivers. [/QUOTE]
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'97 Strike Resulted in UPS Going Public
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