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Lead On... to the death of Expres...
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<blockquote data-quote="MrFedEx" data-source="post: 989672" data-attributes="member: 12508"><p>Our "leadership" at FedEx has been abysmal. And it is absolutely about enriching themselves...at our expense. Express, for the last 15 years, has basically been a series of takeways facilitated by Mr. Smith's cozy relationships in Washington, DC. There don't seem to be many barriers preventing Fred from pulling off the biggest one yet. He pays for his power and then uses it to abuse us and create quasi-legal entities like Ground. If Fred hadn't purchased so many politicians, there is no way he'd have Ground <em>or</em> the RLA with which to pound Express into submission. He wants to shift business from a less-profitable opco to a more-profitable opco, and he can do it because he has paid-off the right people for a long time.</p><p></p><p>The massive new aircraft purchase is the most recent example of the top execs doing a Homer, and then patting themselves on the back for being so effing smart. The intelligent move would have been to buy 767F's when they first came out, not over 15 years later. They blew it, and now everyone else pays the price. The consequences for the Big Boys? None, unless you count even higher compensation for making dumb decisions.</p><p></p><p>The Ground switchover will be the biggest feather ever in Fred's tinfoil cap, and the repercussions will eventually be felt down the line even more strongly than they are today. Ground is going to come tumbling down someday, because you cannot operate a "pretend" business forever and not have it catch up with you. The ISP contractor model at Ground is a front for a scam operation that will not last long-term. Having employees who are supposedly contractors will not stand the legal test in the long run.</p></blockquote><p></p>
[QUOTE="MrFedEx, post: 989672, member: 12508"] Our "leadership" at FedEx has been abysmal. And it is absolutely about enriching themselves...at our expense. Express, for the last 15 years, has basically been a series of takeways facilitated by Mr. Smith's cozy relationships in Washington, DC. There don't seem to be many barriers preventing Fred from pulling off the biggest one yet. He pays for his power and then uses it to abuse us and create quasi-legal entities like Ground. If Fred hadn't purchased so many politicians, there is no way he'd have Ground [I]or[/I] the RLA with which to pound Express into submission. He wants to shift business from a less-profitable opco to a more-profitable opco, and he can do it because he has paid-off the right people for a long time. The massive new aircraft purchase is the most recent example of the top execs doing a Homer, and then patting themselves on the back for being so effing smart. The intelligent move would have been to buy 767F's when they first came out, not over 15 years later. They blew it, and now everyone else pays the price. The consequences for the Big Boys? None, unless you count even higher compensation for making dumb decisions. The Ground switchover will be the biggest feather ever in Fred's tinfoil cap, and the repercussions will eventually be felt down the line even more strongly than they are today. Ground is going to come tumbling down someday, because you cannot operate a "pretend" business forever and not have it catch up with you. The ISP contractor model at Ground is a front for a scam operation that will not last long-term. Having employees who are supposedly contractors will not stand the legal test in the long run. [/QUOTE]
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