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<blockquote data-quote="dudebro" data-source="post: 5641113" data-attributes="member: 11234">I&#039;m good with the dividends.&nbsp; You have to return cash to investors somehow or your stock isn&#039;t worth anything, and I&#039;m a shareholder too.&nbsp; But as much as I try to find compelling arguments for it, I can&#039;t get behind the share buybacks vs. rewarding our people.&nbsp; When I started here it was part of UPS culture for the company to provide for its people.&nbsp; I&#039;ve been proud of what our mgmt made and I&#039;ve been proud of what our hourly workforce made too.Now the balance is too far in favor of Wall St.&nbsp;&nbsp; Yes, you increase all the &quot;per share&quot; metrics like earnings per share by reducing the number of shares, but this is just math...just because those metrics improve, all of Wall St. knows we didn&#039;t increase earnings.&nbsp; We just cut down the number of shares outstanding.&nbsp; Cut shares vs reward our people?&nbsp; I can&#039;t get behind that.&nbsp; Our Teamsters did that work.Share dilution is sometimes given as another reason for buybacks, but this is hardly a factor when &quot;insiders&quot; own 0.07% of the stock.I hope the two sides agree on a fair reward for the Teamsters before the end of the month.</blockquote>

[QUOTE="dudebro, post: 5641113, member: 11234"] I'm good with the dividends. You have to return cash to investors somehow or your stock isn't worth anything, and I'm a shareholder too. But as much as I try to find compelling arguments for it, I can't get behind the share buybacks vs. rewarding our people. When I started here it was part of UPS culture for the company to provide for its people. I've been proud of what our mgmt made and I've been proud of what our hourly workforce made too. Now the balance is too far in favor of Wall St. Yes, you increase all the "per share" metrics like earnings per share by reducing the number of shares, but this is just math...just because those metrics improve, all of Wall St. knows we didn't increase earnings. We just cut down the number of shares outstanding. Cut shares vs reward our people? I can't get behind that. Our Teamsters did that work. Share dilution is sometimes given as another reason for buybacks, but this is hardly a factor when "insiders" own 0.07% of the stock. I hope the two sides agree on a fair reward for the Teamsters before the end of the month. [/QUOTE]

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