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<blockquote data-quote="MrFedEx" data-source="post: 449074" data-attributes="member: 12508"><p>A 20% pay cut for Fred is like an hourly choosing to eat his lunch at McDonald's instead of Arby's. Same for Dave, Matt, and the others. They are already incredibly wealthy, and they're still going to be filthy rich. I'm also sure they'll be compensated very nicely in the future for their "sacrifice". The 5% cuts for frontline managment and the elimination of the 401k match are a much bigger deal and impact those employees far more than the FedEx elite.</p><p> </p><p>As I've said before, Fred is a smart guy, but he isn't doing us any favors with his anticipatory vision of problems. Is this the same "visionary" who insisted up until just a month or so ago that we were not in a recession? He cares about the stockholders, not the employees, and he'll eventually figure out that it costs him more money to treat us like crap than it would to deal with us fairly. Why do you think morale is so low and the legendary commitment to extraordinary effort and service by hourlies has largely disappeared? That costs FedEx both money and customers in the long run.</p></blockquote><p></p>
[QUOTE="MrFedEx, post: 449074, member: 12508"] A 20% pay cut for Fred is like an hourly choosing to eat his lunch at McDonald's instead of Arby's. Same for Dave, Matt, and the others. They are already incredibly wealthy, and they're still going to be filthy rich. I'm also sure they'll be compensated very nicely in the future for their "sacrifice". The 5% cuts for frontline managment and the elimination of the 401k match are a much bigger deal and impact those employees far more than the FedEx elite. As I've said before, Fred is a smart guy, but he isn't doing us any favors with his anticipatory vision of problems. Is this the same "visionary" who insisted up until just a month or so ago that we were not in a recession? He cares about the stockholders, not the employees, and he'll eventually figure out that it costs him more money to treat us like crap than it would to deal with us fairly. Why do you think morale is so low and the legendary commitment to extraordinary effort and service by hourlies has largely disappeared? That costs FedEx both money and customers in the long run. [/QUOTE]
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