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UPS Discussions
Q1 Cost Initiative - No Surepost, no Sat Ground, no Guarantees
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<blockquote data-quote="zubenelgenubi" data-source="post: 4019094" data-attributes="member: 63706"><p>But it's not technically "cutting", at least not all of it. The issue is that in some cases they are pushing expenses off a few days in order to try to meet the numbers they said they would for the quarter. In reality they are making it look like the company did better than it actually did in order to get the desired response from shareholders. I'm not passing any judgment about it, just curious about whether that violates any SEC regs. </p><p></p><p>Enron didn't technically violate any SEC regs, but we know how that story ended. I'd hate to see something like that happen at UPS just because someone had the bright idea to get creative with the books. I know it's a stretch to compare the two at this point, but every financial disaster started somewhere.</p></blockquote><p></p>
[QUOTE="zubenelgenubi, post: 4019094, member: 63706"] But it's not technically "cutting", at least not all of it. The issue is that in some cases they are pushing expenses off a few days in order to try to meet the numbers they said they would for the quarter. In reality they are making it look like the company did better than it actually did in order to get the desired response from shareholders. I'm not passing any judgment about it, just curious about whether that violates any SEC regs. Enron didn't technically violate any SEC regs, but we know how that story ended. I'd hate to see something like that happen at UPS just because someone had the bright idea to get creative with the books. I know it's a stretch to compare the two at this point, but every financial disaster started somewhere. [/QUOTE]
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Q1 Cost Initiative - No Surepost, no Sat Ground, no Guarantees
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