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FDX 3rd quarter earnings double
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<blockquote data-quote="MrFedEx" data-source="post: 702336" data-attributes="member: 12508"><p>The puny 401k match came back on March 1st, and we got a 2.2% raise. Neither will change anyone's mind about going union. Compared to UPS, FedEx is not well-managed, a point you just made in stating that their profits are much less than UPS despite having enormous competitive advantages in both Ground and Air. Even though hourlies are poorly compensated, our upper-level execs make huge money and our pilots are the best paid in the industry. </p><p> </p><p>You're also right about them crying about their inability to pay union wages. Lower top executive pay would be a great start in the right direction. Smith's RLA exemption is really a defacto government subsidy that needs to go away. If and when it does, FedEx will finally have to pay the wages that attract top-performers to the job instead of the wannabes we hire today.</p><p> </p><p>UPS people make the difference, and better employees are more productive <em>and</em> highly profitable. Mr Smith has never quite figured this out, and thinks that customers don't notice when an unshaven,smelly non-professional shows up at the door or the dock with their package.</p></blockquote><p></p>
[QUOTE="MrFedEx, post: 702336, member: 12508"] The puny 401k match came back on March 1st, and we got a 2.2% raise. Neither will change anyone's mind about going union. Compared to UPS, FedEx is not well-managed, a point you just made in stating that their profits are much less than UPS despite having enormous competitive advantages in both Ground and Air. Even though hourlies are poorly compensated, our upper-level execs make huge money and our pilots are the best paid in the industry. You're also right about them crying about their inability to pay union wages. Lower top executive pay would be a great start in the right direction. Smith's RLA exemption is really a defacto government subsidy that needs to go away. If and when it does, FedEx will finally have to pay the wages that attract top-performers to the job instead of the wannabes we hire today. UPS people make the difference, and better employees are more productive [I]and[/I] highly profitable. Mr Smith has never quite figured this out, and thinks that customers don't notice when an unshaven,smelly non-professional shows up at the door or the dock with their package. [/QUOTE]
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FDX 3rd quarter earnings double
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