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FedEx contractor revolt?
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<blockquote data-quote="bacha29" data-source="post: 5376956" data-attributes="member: 58386"><p>It gained back today (8-23) about half what if lost yesterday. Keep in mind something here. That dividend hike is going to cost them 455 million dollars a year in the face of growing expectations of a recession next year .</p><p></p><p>Looks like they've got two unpleasant choices. Draw on reserves and credit to go in and try to save ground or end the whole miserable mess and begin converting to a straight up and down employer/employee model. Based on past practice they'll try to split it down the middle with a complex new rate structure that seek to hide and even more constrained revenue base for contractors then go out and try to sell it to them with first a sweet talk approach then if that doesn't work a more threatening tone.</p></blockquote><p></p>
[QUOTE="bacha29, post: 5376956, member: 58386"] It gained back today (8-23) about half what if lost yesterday. Keep in mind something here. That dividend hike is going to cost them 455 million dollars a year in the face of growing expectations of a recession next year . Looks like they've got two unpleasant choices. Draw on reserves and credit to go in and try to save ground or end the whole miserable mess and begin converting to a straight up and down employer/employee model. Based on past practice they'll try to split it down the middle with a complex new rate structure that seek to hide and even more constrained revenue base for contractors then go out and try to sell it to them with first a sweet talk approach then if that doesn't work a more threatening tone. [/QUOTE]
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