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Brown Cafe UPS Forum
UPS Partners
New retirement vacation policy
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<blockquote data-quote="brownIEman" data-source="post: 3877050" data-attributes="member: 14596"><p>The IPO benefited everyone who owned stock in 1999. At least in the short term. In the long term it put the financial fate of that piece of their portfolio in the hands of outside forces. A privately held UPS portfolio would not have lost around 20% of it's value this year.</p><p></p><p>UPS was looking to reduce costs to better compete and get capital to expand into other markets. That effort failed spectacularly in 97 and undoubtedly hastened the decision to go public if it did not cement the decision entirely.</p></blockquote><p></p>
[QUOTE="brownIEman, post: 3877050, member: 14596"] The IPO benefited everyone who owned stock in 1999. At least in the short term. In the long term it put the financial fate of that piece of their portfolio in the hands of outside forces. A privately held UPS portfolio would not have lost around 20% of it's value this year. UPS was looking to reduce costs to better compete and get capital to expand into other markets. That effort failed spectacularly in 97 and undoubtedly hastened the decision to go public if it did not cement the decision entirely. [/QUOTE]
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