Reply to thread

Message

<blockquote data-quote="MrFedEx" data-source="post: 420535" data-attributes="member: 12508">Re: Interview &quot;WALL STREET&quot;&nbsp;&nbsp;Fred&#039;s original concept for Federal Express was unique and innovative....pay people fairly, treat them well, and watch productivity and profits rise. He was quite productive with his own capital and that of his other initial investors. In fact, Federal Express is often cited as one of the most successful venture capital ideas of all time.&nbsp;That said, Smith has reversed the formula that made him his millions and Federal Express a household name. Now, he treats people like crap, pays them poorly, and watches their productivity decline because they don&#039;t give a damn anymore. FedEx and the original Federal Express are two very different companies....kind of like comparing apples to oranges. You don&#039;t see it because you don&#039;t work there, but there is a tidal wave of unhappy FedEx employees who have seen a continuous series of take-aways to line Fred&#039;s pockets. Now, he takes my capital and that of my fellow employees and invests those savings (stagnant wages, pension and profit-sharing plans gone) back into the company. His reward will be a unionized company...count on it. Go Obama!!</blockquote>

[QUOTE="MrFedEx, post: 420535, member: 12508"] [b]Re: Interview "WALL STREET"[/b] Fred's original concept for Federal Express was unique and innovative....pay people fairly, treat them well, and watch productivity and profits rise. He was quite productive with his own capital and that of his other initial investors. In fact, Federal Express is often cited as one of the most successful venture capital ideas of all time. That said, Smith has [I]reversed[/I] the formula that made him his millions and Federal Express a household name. Now, he treats people like crap, pays them poorly, and watches their productivity decline because they don't give a damn anymore. FedEx and the original Federal Express are two very different companies....kind of like comparing apples to oranges. You don't see it because you don't work there, but there is a tidal wave of unhappy FedEx employees who have seen a continuous series of take-aways to line Fred's pockets. Now, he takes[I] my capital and that of my fellow employees[/I] and invests those savings (stagnant wages, pension and profit-sharing plans gone) back into the company. His reward will be a unionized company...count on it. Go Obama!! [/QUOTE]

Verification