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Add-up the Takeaways Over the Years
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<blockquote data-quote="vantexan" data-source="post: 759814" data-attributes="member: 24302"><p>I think Zapmail was the start of everything. They wrote off $700 million in losses, plus they lost over $100 million more to a bad accounting firm. That was about the time we went through a long stretch in the 90's with no raises for topped out couriers(and I guess others too). The employees had to bite the bullet so FedEx could recover from their mistakes. I believe it was then that FedEx realized that the employees could be a huge source of profit enhancement. And bit by bit we've been subsidizing profits ever since. I really thought there wasn't much left they could take and then they announced in early 2007 they were terminating the traditional pension. I thought that was our sacred cow but apparently they and other corporate leaders believe the masses don't need or deserve any perks. Or even any pay beyond what it takes to just get by. We should just be thankful we have a job. Well our corporate leaders and gov't leaders have screwed things up so bad that I am thankful I still have a job. But like the wacky flight attendant, I think these guys are going to eventually see a huge backlash. People are fed up, no pun intended.</p></blockquote><p></p>
[QUOTE="vantexan, post: 759814, member: 24302"] I think Zapmail was the start of everything. They wrote off $700 million in losses, plus they lost over $100 million more to a bad accounting firm. That was about the time we went through a long stretch in the 90's with no raises for topped out couriers(and I guess others too). The employees had to bite the bullet so FedEx could recover from their mistakes. I believe it was then that FedEx realized that the employees could be a huge source of profit enhancement. And bit by bit we've been subsidizing profits ever since. I really thought there wasn't much left they could take and then they announced in early 2007 they were terminating the traditional pension. I thought that was our sacred cow but apparently they and other corporate leaders believe the masses don't need or deserve any perks. Or even any pay beyond what it takes to just get by. We should just be thankful we have a job. Well our corporate leaders and gov't leaders have screwed things up so bad that I am thankful I still have a job. But like the wacky flight attendant, I think these guys are going to eventually see a huge backlash. People are fed up, no pun intended. [/QUOTE]
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