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<blockquote data-quote="Delivered" data-source="post: 1112616" data-attributes="member: 518"><p>UPS always said that the ability to make decisions for the long term was a key reason it did not want to go public. The company lost hundreds of millions of dollars establishing a business in Europe before that operation finally became profitable last year. But company officials said at the time the IPO was announced they were confident there would not be a change in that culture.</p><p></p><p><a href="http://money.cnn.com/1999/11/10/companies/ups/" target="_blank">UPS soars above record IPO - Nov. 10, 1999</a></p><p></p><p>UPS also needed to raise funds for that $1 Billion dollar fine from the IRS</p></blockquote><p></p>
[QUOTE="Delivered, post: 1112616, member: 518"] UPS always said that the ability to make decisions for the long term was a key reason it did not want to go public. The company lost hundreds of millions of dollars establishing a business in Europe before that operation finally became profitable last year. But company officials said at the time the IPO was announced they were confident there would not be a change in that culture. [url=http://money.cnn.com/1999/11/10/companies/ups/]UPS soars above record IPO - Nov. 10, 1999[/url] UPS also needed to raise funds for that $1 Billion dollar fine from the IRS [/QUOTE]
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