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Founders Day
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<blockquote data-quote="Old Man Jingles" data-source="post: 3705202" data-attributes="member: 18222"><p>The egg or the chicken.</p><p>The two are intertwined starting around 1993.</p><p>UPS had been looking at going public all the way back in the 80s but in 1993, the numbers were beginning to indicate the need for additional cash to buy new companies and to some extent, diversify. UPS management at all levels was very hesitant to go public because they knew it would change the UPS culture in many ways ... most not conducive to continuing the paternal culture within UPS wherein UPS considered all employees equal to some extent and to take care of them all.</p><p>The strike of '97 removed that reluctance to not have a paternal attitude towards it's employees. So one of the first things the management committee did immediately after the strike was make the decision to go public and start that 2 year process.</p></blockquote><p></p>
[QUOTE="Old Man Jingles, post: 3705202, member: 18222"] The egg or the chicken. The two are intertwined starting around 1993. UPS had been looking at going public all the way back in the 80s but in 1993, the numbers were beginning to indicate the need for additional cash to buy new companies and to some extent, diversify. UPS management at all levels was very hesitant to go public because they knew it would change the UPS culture in many ways ... most not conducive to continuing the paternal culture within UPS wherein UPS considered all employees equal to some extent and to take care of them all. The strike of '97 removed that reluctance to not have a paternal attitude towards it's employees. So one of the first things the management committee did immediately after the strike was make the decision to go public and start that 2 year process. [/QUOTE]
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