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<blockquote data-quote="pretzel_man" data-source="post: 429706" data-attributes="member: 927"><p>First off, I'm not a fan of UPS being public at all. I think there are a lot of negatives, and Jim Casey would have never approved.</p><p> </p><p>However, I think the concept that going public was to benefit a small group of people is misguided. I don't care what a labor manager said or intended to say.</p><p> </p><p>I got a chance to hear first hand from management committee members (including Eskew) why we went public and what they expected.</p><p> </p><p>The concept was that stock is the currency of business and being private put us at a disadvantage UPS as a private company was not respected internationally. </p><p> </p><p>We have made a tremendous amount of acquisitions. I personally think we could have done those as a private company, but that was not the belief of the management committee.</p><p> </p><p>BTW, as I recall, some of the founding fathers' decesndents opposed the thought of going public. I think it was the family of George Smith, but I'm not sure about that.</p><p> </p><p>P-Man</p></blockquote><p></p>
[QUOTE="pretzel_man, post: 429706, member: 927"] First off, I'm not a fan of UPS being public at all. I think there are a lot of negatives, and Jim Casey would have never approved. However, I think the concept that going public was to benefit a small group of people is misguided. I don't care what a labor manager said or intended to say. I got a chance to hear first hand from management committee members (including Eskew) why we went public and what they expected. The concept was that stock is the currency of business and being private put us at a disadvantage UPS as a private company was not respected internationally. We have made a tremendous amount of acquisitions. I personally think we could have done those as a private company, but that was not the belief of the management committee. BTW, as I recall, some of the founding fathers' decesndents opposed the thought of going public. I think it was the family of George Smith, but I'm not sure about that. P-Man [/QUOTE]
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