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UPS 4th Quarter
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<blockquote data-quote="AKCoverMan" data-source="post: 1963959" data-attributes="member: 17867"><p>Sure, I get that. But a consistently profitable company with growing volume is a much more secure work environment than working at a company that is financially tanking.</p><p></p><p></p><p></p><p>Of course they will but they will look ridiculous. One upside of being publicly traded is that the SEC filings are open to the public. It's harder to say "we must cut wages" when we're profitable.</p><p></p><p>Remember to so called "Great Recession" a few years back? The suits acted as if the sky was falling but we still made bank. I think our worst quarter we only made <em>half </em>a billion profit after taxes instead of an entire billion or more. That's a strong money making business. I don't know about you but I want to be a part of that.</p><p></p><p>In my previous career I worked in the airline business. During the years after deregulation airlines were losing incredible amounts of money. Contract time was scary.</p><p>Layoffs abounded. Profitable is better.</p><p></p><p></p><p>Did I say anything about unicorns and rainbows? I work at UPS so I don't expect that. But I am relatively happy working here. It sounds like you were not so I am glad you are in your well deserved retirement.</p><p></p><p>The points I was trying to make are:</p><p></p><p>Working for a profitable company is much better than working for a money loser: I know my job will be here for the forseeable future.</p><p></p><p>But after last years 4qtr results (we spent more ramping up for last peak, and while we made a ton of money it was less than the prior years 4qtr) some idiot in Atlanta was quoted as saying "we won't make that mistake again". If we see higher profit this 4qtr over last year then this chair warmer will feel justified about screwing ups employees and customers over this peak.</p></blockquote><p></p>
[QUOTE="AKCoverMan, post: 1963959, member: 17867"] Sure, I get that. But a consistently profitable company with growing volume is a much more secure work environment than working at a company that is financially tanking. Of course they will but they will look ridiculous. One upside of being publicly traded is that the SEC filings are open to the public. It's harder to say "we must cut wages" when we're profitable. Remember to so called "Great Recession" a few years back? The suits acted as if the sky was falling but we still made bank. I think our worst quarter we only made [I]half [/I]a billion profit after taxes instead of an entire billion or more. That's a strong money making business. I don't know about you but I want to be a part of that. In my previous career I worked in the airline business. During the years after deregulation airlines were losing incredible amounts of money. Contract time was scary. Layoffs abounded. Profitable is better. Did I say anything about unicorns and rainbows? I work at UPS so I don't expect that. But I am relatively happy working here. It sounds like you were not so I am glad you are in your well deserved retirement. The points I was trying to make are: Working for a profitable company is much better than working for a money loser: I know my job will be here for the forseeable future. But after last years 4qtr results (we spent more ramping up for last peak, and while we made a ton of money it was less than the prior years 4qtr) some idiot in Atlanta was quoted as saying "we won't make that mistake again". If we see higher profit this 4qtr over last year then this chair warmer will feel justified about screwing ups employees and customers over this peak. [/QUOTE]
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