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UPS Union Issues
conference call
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<blockquote data-quote="Bagels" data-source="post: 1112626" data-attributes="member: 43436"><p>Ground work for post-public decision making is prepared in advanced. When I was younger, I worked for a local, family-owned midsize grocery chain that was known for wide aisles & premium service. When the owned passed on, his kids decided to cash in on an IPO ... recognizing that Wall Street's golden metric was sales per square foot, the aisles shrunk (additional space was sub-leased) and the baggers/carry out service eliminated well in advance of the IPO.</p><p></p><p>My point is that I doubt it's accurate to suggest UPS "was a completely different company than the current publicly traded company it is now," given that much of the ground work for today was laid out the. Of course, things became more extreme as FedEx Ground grew & the econ took a dump.</p></blockquote><p></p>
[QUOTE="Bagels, post: 1112626, member: 43436"] Ground work for post-public decision making is prepared in advanced. When I was younger, I worked for a local, family-owned midsize grocery chain that was known for wide aisles & premium service. When the owned passed on, his kids decided to cash in on an IPO ... recognizing that Wall Street's golden metric was sales per square foot, the aisles shrunk (additional space was sub-leased) and the baggers/carry out service eliminated well in advance of the IPO. My point is that I doubt it's accurate to suggest UPS "was a completely different company than the current publicly traded company it is now," given that much of the ground work for today was laid out the. Of course, things became more extreme as FedEx Ground grew & the econ took a dump. [/QUOTE]
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