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UPS Partners
ethics in management
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<blockquote data-quote="Cezanne" data-source="post: 326566" data-attributes="member: 5104"><p>I believe that we are all missing the point about who was running the show with the Central States buyout and our current contract. Does anybody remember the Pension Reform Act of 2006 and how it pushed both the company and the union to early negotiations to prevent possible Federal intervention and mandated fines or penalties. </p><p> </p><p>Does anybody know what the withdraw liability would of been for Central States was back in 1997? I would imagine it would of been alot cheaper than 6.1 billion, it could account for some of the deep bitterness expressed toward Carey and his strike action. The hate filled comment about us hourlies buying stock speaks for itself. The real time to own UPS stock was before it went public in the middle nineties, the only employees at that time to could purchase or given company stock at that time were in management. I believe the only exception to that rule was real old time hourly and or past participants in the UPS Thrift plan. </p><p> </p><p>The question about controlling ethics in any power group would be answered by having true accountability for unethical and/or criminal activity. That is why it is so important that our company and union leadership plays by the rules. Case in point would be the ERON debacle, it just was not the handfull of corrupted, greedy executives that suffered, it also hurt alot more of the innocent employees who depended on their decisions.<img src="/community/styles/default/xenforo/smilies/FeltTip/greedy.png" class="smilie" loading="lazy" alt=":greedy:" title="Greedy :greedy:" data-shortname=":greedy:" /></p></blockquote><p></p>
[QUOTE="Cezanne, post: 326566, member: 5104"] I believe that we are all missing the point about who was running the show with the Central States buyout and our current contract. Does anybody remember the Pension Reform Act of 2006 and how it pushed both the company and the union to early negotiations to prevent possible Federal intervention and mandated fines or penalties. Does anybody know what the withdraw liability would of been for Central States was back in 1997? I would imagine it would of been alot cheaper than 6.1 billion, it could account for some of the deep bitterness expressed toward Carey and his strike action. The hate filled comment about us hourlies buying stock speaks for itself. The real time to own UPS stock was before it went public in the middle nineties, the only employees at that time to could purchase or given company stock at that time were in management. I believe the only exception to that rule was real old time hourly and or past participants in the UPS Thrift plan. The question about controlling ethics in any power group would be answered by having true accountability for unethical and/or criminal activity. That is why it is so important that our company and union leadership plays by the rules. Case in point would be the ERON debacle, it just was not the handfull of corrupted, greedy executives that suffered, it also hurt alot more of the innocent employees who depended on their decisions.:greedy: [/QUOTE]
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