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As A Stockholder I Propose........
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<blockquote data-quote="8up" data-source="post: 512954" data-attributes="member: 56"><p>i've heard that part of the reason for going public was to stave off a proposed lawsuit by some very large tie retirees who were threatening to sue because the value of the stock was grossly undervalued. by going public the market set the value of the stock rather than the management committee. as we all saw the value jumped up immediately on opening day proving the retirees correct and that benefited both former & current mgmt.</p><p></p><p>i've also heard that the largest percentage of shares is still controlled by UPS management, either directly or indirectly and as trustees of the Ann E Casey foundation. not to mention the way the voting of shares was established between the A & B shares, this keeps the control in the hands of the mgmt. team in Atlanta.</p><p></p><p>can anyone concur on either of these items?</p></blockquote><p></p>
[QUOTE="8up, post: 512954, member: 56"] i've heard that part of the reason for going public was to stave off a proposed lawsuit by some very large tie retirees who were threatening to sue because the value of the stock was grossly undervalued. by going public the market set the value of the stock rather than the management committee. as we all saw the value jumped up immediately on opening day proving the retirees correct and that benefited both former & current mgmt. i've also heard that the largest percentage of shares is still controlled by UPS management, either directly or indirectly and as trustees of the Ann E Casey foundation. not to mention the way the voting of shares was established between the A & B shares, this keeps the control in the hands of the mgmt. team in Atlanta. can anyone concur on either of these items? [/QUOTE]
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As A Stockholder I Propose........
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