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Brown Cafe UPS Forum
UPS Union Issues
How dare UPS layoff workers after profitting $5.8 BILLION in 2010?
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<blockquote data-quote="pretzel_man" data-source="post: 805133" data-attributes="member: 927"><p>The misrepresentations in this thread is amazing.</p><p> </p><p>This company is owned by the shareowners. Last time I looked, 60% of them were outside investors. </p><p> </p><p>These investors RISK their money and are entitled to the reward for their risk.</p><p> </p><p>Today, UPS stock price is about where it was six or seven years ago. Yes, there were two or three percent dividend over that period. That isn't much of yield for those "greedy" shareowners. </p><p> </p><p>Two years ago, stock was almost 1/2 of where it is today. Many here hailed the virtue of being in the union where you didn't have to worry about that RISK. With the RISK, comes the rewards. </p><p> </p><p>Its funny, people who call the shareowners greedy are trying to take THEIR money.</p><p> </p><p>Yes, you are building the house. But you are not building it with your money. If its delayed, you still get paid. That is not the same for those that take the RISK and put up their own money.</p><p> </p><p>So, here is the solution. If you want the REWARD, take the RISK. Do what shareowners and management do.</p><p> </p><p>Tie your pay to the growth in company profits. Take part of your pay in profit sharing. If profits are down, your pay will be low. If profits are up, you will make more.</p><p> </p><p>If you are not willing to do that, stop complaining about those that get rewarded for their risk.</p></blockquote><p></p>
[QUOTE="pretzel_man, post: 805133, member: 927"] The misrepresentations in this thread is amazing. This company is owned by the shareowners. Last time I looked, 60% of them were outside investors. These investors RISK their money and are entitled to the reward for their risk. Today, UPS stock price is about where it was six or seven years ago. Yes, there were two or three percent dividend over that period. That isn't much of yield for those "greedy" shareowners. Two years ago, stock was almost 1/2 of where it is today. Many here hailed the virtue of being in the union where you didn't have to worry about that RISK. With the RISK, comes the rewards. Its funny, people who call the shareowners greedy are trying to take THEIR money. Yes, you are building the house. But you are not building it with your money. If its delayed, you still get paid. That is not the same for those that take the RISK and put up their own money. So, here is the solution. If you want the REWARD, take the RISK. Do what shareowners and management do. Tie your pay to the growth in company profits. Take part of your pay in profit sharing. If profits are down, your pay will be low. If profits are up, you will make more. If you are not willing to do that, stop complaining about those that get rewarded for their risk. [/QUOTE]
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How dare UPS layoff workers after profitting $5.8 BILLION in 2010?
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