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FedEx Discussions
From The Chairman: Peak Strategy 2014
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<blockquote data-quote="Dex01" data-source="post: 1471404" data-attributes="member: 43242"><p>Productivity and profitability are not the same thing--Think before you type. By the way, can you provide an example where a company was consistently unprofitable, and the employee's compensation was not reduced? Furthermore, If I'm not mistaken, Fedex took a temporary hit after the 08' crash, made permanent benefit cuts, and then returned to record profitability, leaving the frontline employees feeling lucky if they got an annual raise 1.5 percent below the inflation adjustment. Don't question the system, everything is fine. Even though our economy is based on consumer spending, why would we need a middle class with some purchasing power? I'm sure your net worth is amazing (eye roll), and your investments shelter you from these truths.</p></blockquote><p></p>
[QUOTE="Dex01, post: 1471404, member: 43242"] Productivity and profitability are not the same thing--Think before you type. By the way, can you provide an example where a company was consistently unprofitable, and the employee's compensation was not reduced? Furthermore, If I'm not mistaken, Fedex took a temporary hit after the 08' crash, made permanent benefit cuts, and then returned to record profitability, leaving the frontline employees feeling lucky if they got an annual raise 1.5 percent below the inflation adjustment. Don't question the system, everything is fine. Even though our economy is based on consumer spending, why would we need a middle class with some purchasing power? I'm sure your net worth is amazing (eye roll), and your investments shelter you from these truths. [/QUOTE]
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