Sr. Mgr. held a meeting this morning to discuss upcoming raise and healthcare changes. In 2014 there will be two options, so I was misinformed earlier. What got me is the cheaper option will have a $2250 deductible for employee only, up from $1250 now. And of course she went on about how great it was that we're getting 2% considering current Express profitability.
But what was a real corker was she pointed out the current stock price of $95 and said that analysts were projecting a price of $114. Why was that important she asked? Because various opco's of FedEx were very valuable and the company could be subjected to a hostile takeover to sell off the various parts. Thus it was very important to get the price up to prevent this. So there you have it, we're doing all of this to prevent a takeover! I pointed out what Fred S said in October about increasing profits and she started shutting me down and said she'd talk to me after the meeting. We had quite a discussion where she said she wouldn't allow me to become a cancer in the workgroup. Said 4 or 5 times that I could leave the company if I don't like what's happening concerning pay, each time when she had no answer to what I was pointing out. Said the company was paying a very fair wage and again told me to leave if I want when I pointed out the fallacy. What struck me was how practiced she was at spinning the current conditions and how she tried to cut me off when I was expressing opinions she didn't like. Let's face it, for those who've worked themselves into her position, they see the pot at the end of the rainbow and aren't going to let any courier stand in the way of obtaining it. It isn't just a Memphis thing, it's systemic.
But what was a real corker was she pointed out the current stock price of $95 and said that analysts were projecting a price of $114. Why was that important she asked? Because various opco's of FedEx were very valuable and the company could be subjected to a hostile takeover to sell off the various parts. Thus it was very important to get the price up to prevent this. So there you have it, we're doing all of this to prevent a takeover! I pointed out what Fred S said in October about increasing profits and she started shutting me down and said she'd talk to me after the meeting. We had quite a discussion where she said she wouldn't allow me to become a cancer in the workgroup. Said 4 or 5 times that I could leave the company if I don't like what's happening concerning pay, each time when she had no answer to what I was pointing out. Said the company was paying a very fair wage and again told me to leave if I want when I pointed out the fallacy. What struck me was how practiced she was at spinning the current conditions and how she tried to cut me off when I was expressing opinions she didn't like. Let's face it, for those who've worked themselves into her position, they see the pot at the end of the rainbow and aren't going to let any courier stand in the way of obtaining it. It isn't just a Memphis thing, it's systemic.