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<blockquote data-quote="MrFedEx" data-source="post: 548132" data-attributes="member: 12508"><p>I'm going to point out that Fred didn't keep anywhere near the pace of inflation even when profits were sky-high. Whose fault would that be? He kept up the takeaways when he should have been paying closer attention to keeping his employees happy.</p><p> </p><p>Now, when profits are down, he's going to get slammed because nobody is going to be happy with 2% and bringing back the 401k match. Maybe the analysts need to consider 15 years worth of screwing over the workforce and realize Fred is going to eventually have to pay for his indiscretions.</p><p> </p><p>I know you're management, but come on....Smith and FedEx have gone to the well one too many times and now it's dry. You guys can try and spin the poor economy however you'd like, but I personally believe that FedEx will actually have to move into the red in order to try and buy-back all of the loyalty and good will they've pissed away in recent years.</p><p> </p><p>The UPS people on this site have only the slightest inkling of what's been going on at Express, and how angry most of the workforce is right now.</p></blockquote><p></p>
[QUOTE="MrFedEx, post: 548132, member: 12508"] I'm going to point out that Fred didn't keep anywhere near the pace of inflation even when profits were sky-high. Whose fault would that be? He kept up the takeaways when he should have been paying closer attention to keeping his employees happy. Now, when profits are down, he's going to get slammed because nobody is going to be happy with 2% and bringing back the 401k match. Maybe the analysts need to consider 15 years worth of screwing over the workforce and realize Fred is going to eventually have to pay for his indiscretions. I know you're management, but come on....Smith and FedEx have gone to the well one too many times and now it's dry. You guys can try and spin the poor economy however you'd like, but I personally believe that FedEx will actually have to move into the red in order to try and buy-back all of the loyalty and good will they've pissed away in recent years. The UPS people on this site have only the slightest inkling of what's been going on at Express, and how angry most of the workforce is right now. [/QUOTE]
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