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Pathetic Purple FPP Payout
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<blockquote data-quote="vantexan" data-source="post: 692315" data-attributes="member: 24302"><p>OK, mea culpa, it was "operating margins." This from the FedEx F3Q07 Earnings Call transcript, quoting Fred S on March 21st, 2007:</p><p></p><p>"As I conclude, I'd like to remind you of our steadfast goals to grow our revenue at approximately 10% per year, achieve 10% plus operating margins, to increase earnings per share of 10% to 15% per year over the long haul, improve cash flows, and increase returns on investments."</p><p></p><p>When I read that about 2 months after the announcement of our pension termination, I believed then what I still believe, that they took away our traditional pension to help FedEx achieve the goals he stated above. If it was a stand alone event I'd feel differently, but there's a long paper trail extending back almost 2 decades of their taking away from the employees to impress Wall Street. And now the job is, as you mgrs here are saying, an entry level job with no future. And you'll get what you pay for. Good luck with that!</p></blockquote><p></p>
[QUOTE="vantexan, post: 692315, member: 24302"] OK, mea culpa, it was "operating margins." This from the FedEx F3Q07 Earnings Call transcript, quoting Fred S on March 21st, 2007: "As I conclude, I'd like to remind you of our steadfast goals to grow our revenue at approximately 10% per year, achieve 10% plus operating margins, to increase earnings per share of 10% to 15% per year over the long haul, improve cash flows, and increase returns on investments." When I read that about 2 months after the announcement of our pension termination, I believed then what I still believe, that they took away our traditional pension to help FedEx achieve the goals he stated above. If it was a stand alone event I'd feel differently, but there's a long paper trail extending back almost 2 decades of their taking away from the employees to impress Wall Street. And now the job is, as you mgrs here are saying, an entry level job with no future. And you'll get what you pay for. Good luck with that! [/QUOTE]
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