From the CFO

Discussion in 'UPS Discussions' started by Dfigtree, Jul 23, 2009.

  1. Dfigtree

    Dfigtree New Member

    “We are cautious, frankly,” Chief Financial Officer Kurt Kuehn told analysts and investors today on a conference call. “We don’t have any confidence that either demand or activity is going to pick up substantially” in the near term.
  2. over9five

    over9five Moderator Staff Member

    Do you mean to tell me the Obama Stimulus isn't working??????

    Say it aint so!!!!
  3. TheDick

    TheDick Member

    Kurts just :censored2: that his bonus got canceled this year.:knockedout:
  4. altstewie

    altstewie Combo Hopeful

    895million profit and youre being told youre layed off.. this is unreal..hoffa is definitely going down if we dont get those jobs back..
  5. cancun

    cancun New Member

    Another fantastic job by a fantastic company making a profit in terrible economic conditions. Well done and be thankful you work for one of the great companies in the world.
  6. altstewie

    altstewie Combo Hopeful

    Maybe you wouldnt think they were so fantastic when you or someone you know has their life flipped upside down by being layed off, demoted to another shift which while you have kids and no sitter, or told youll have to wait for becoming full-time for another 10 years. They can afford to keep at least half of the jobs they have deleted. I dont owe UPS any graditude whatsoever for my job. They should be the ones with graditude since I come into work on time, do the job right and go home not injured. Without the employees UPS is nothing.
  7. BlackCat

    BlackCat Active Member

    does the earnings report come out today? or did I already miss it
  8. altstewie

    altstewie Combo Hopeful

    Yes, its its go to the press room pretty much has all the numbers on the 2quarter link
  9. Dfigtree

    Dfigtree New Member

    At first I thought you were sarcastic but I think you are actually serious. Could be you need to be deprogrammed. Either that or maybe you enjoy having every facet of your workday measured and timed.
  10. Overpaid Union Thug

    Overpaid Union Thug Well-Known Member

    Maybe UPS corporate set their goals too high?
  11. clueless

    clueless New Member

    All companies file their earnings releases with the SEC (Securities and Exchange Commission) as 8-K's (current event reports) under item 2.02. UPS is no exception. These filings can be accessed free of charge and in real time to any member of the public via the EDGAR system. Here is the direct link to the relevant exhibit in the 8-K UPS filed today:
  12. tieguy

    tieguy Banned

    what a wonderful attitude.
  13. What'dyabringmetoday???

    What'dyabringmetoday??? Well-Known Member

    I am curious if this statement it sarcastic.
  14. cancun

    cancun New Member

    We got to be a great company by not being afraid to make the tough decisions to run this business in good times and bad. But UPS made no promises to you when you were hired. Unfortunately jobs have been lost in some areas. You say we made a good profit, yes we did. But that profit goes back into the business to purchase new package cars, planes, etc. Cost cutting had to occur to keep this company profitable in order to pay your wages and benefits. I was able to retire a year ago after 35 years and it was because I worked for a great company I was able to leave at 55 and have a good pension, pay nothing for my benefits. Things are starting to turn around and when they do jobs and opportunities will be created.
  15. upssalesguy

    upssalesguy UPS Defender

    profit is not good, folks. it was down 49% over last year. I swear some of you think we are in business to break even.
  16. Ms Spoken

    Ms Spoken New Member

    Is this statement sarcastic? Things that make you go hummmm.
  17. sano

    sano New Member

    Things are tough in package right now.
    However, I am glad I work for a company that is willing to look at the big picture.
    It is painful when I am the cost they are cutting but much less painful than if they would ignore the economy and run the whole brown ship aground.
    (I still reserve the right to whine and moan tomorrow morning when I am pulling what used to be 2 peoples work:happy-very:)
  18. upssalesguy

    upssalesguy UPS Defender

    where is the sarcasm in my post? without profit, we can't buy new equipment or expand into new markets.
  19. Hawaii50

    Hawaii50 Active Member

    Profit from cutting costs. Not profit from increasing revenue.
  20. Overpaid Union Thug

    Overpaid Union Thug Well-Known Member

    I'm sure most of, if not all of, that 49% was the profit that UPS had projected and didn't earn because of the economy. Calm down people. There's no need for the same doom and gloom that started this whole thing to begin with.