If you are a long-term employee, consider what you have lost over the last 20 years. If you are a recent hire or have only been with FedEx for the last 10 years or so, take a look at the Big Picture (pun intended) and consider the overall trend, which is to chisel every penny possible from your compensation package. FedEx and Federal Express are very different companies. The first was a genuinely great place to work, but the second is a very poor replacement. Although FedEx was certainly spawned from Federal Express, the overall management philosophy went from pro-hourly to anti-hourly at or about the time of the name change. Federal Express: Remember profit-sharing ( several times per year), Family Briefings, P-S-P, great insurance benefits, 2-years to reach top wage, regular raises and a commitment to stay within a dollar or two of UPS, new equipment every 4-5 years, numerous career opportunities, a real Tuition Refund program, and on and on? An actual retirement plan. Realistic top management salaries and benefits? An actual ESPP that allowed the employee to take an ownership interest in Federal Express and also build retirement savings? Respect for the employee (long gone)? FedEx: The end of profit-sharing, steadily extended top-out times, increasingly poor insurance benefits with fewer provider choices, 20-year-old trucks, a very restrictive Tuition Refund Program, BPP (gone, but only after a lawsuit for age discrimination), the Traditional Retirement Plan (gone in 2008), the end of P-S-P, the new and "improved" injury policy, skyrocketing CEO and top management compensation with zero-interest loans for stock option purchases, and on and on. Overall, we've lost a tremendous amount over the years, and the trend continues as FedEx tries to make itself the WalMart of overnight delivery companies. What is it going to take to convince the ignorant where this company is headed and what their overall philosophy toward the hourly employee has become (expendable)? When I get the time, I'm going to construct a timeline from 1973 to the present-day, showing exactly what we have lost (and gained) since the inception of the company. It will be shocking to say the least. Wise up! This is a company that only cares about enriching the top dogs at our expense, and perpetuating a false image of a company that is a "great" place to work.