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<blockquote data-quote="&#039;Lord Brown&#039;s bidding&#039;" data-source="post: 1146994" data-attributes="member: 32753"><p>Companies don't go public to reward management anymore than they go public to reward employees. They go public to grow, and grown UPS has. Management is just in a better position to catch more of the benefits. Thus, they do more to "grow the business" in the ways that management does, trying to create and maintain an efficient operation. Management-even the CEO-are all "employees", too.</p><p></p><p>Drivers and even PT hub workers have benefits, too, because UPS went public, they just aren't perceived as such. However, while the Union is necessary to make sure we get our fair share of the pie, the pie is there, in part, because of UPS going public and the money it generated allowing UPS to do what it felt to improve the company. EDD, PAS, MyChoice-while we drivers disdain them, I do see how they have made the company better. The acquisition of Overnight, even the attempted acquisition of TNT, are things made possible by going public. </p><p></p><p>The benefit to me is the company stays profitable and atractive, and in no danger of drastically reducing it's workforce, to say nothing of going out of business. Thus, at the height of the recession, I had a deep sense of security knowing that while work loads were light my job wasn't in danger. I have had to have several conversations with my wife about why I am not as afraid as she thinks I should be when it comes to looking for a new house or some other big purchase. Her brother-in-law was laid off from his job, and thus his family is always worried about the possibility of being "downsized", so they are hesitant about big purchases. Myself, the only reason I have to worry-at this time, anyway-is when I do stupid things that can lead to discipline. That assurance is in large part due to UPS going public many years ago. Conditions haven't necessarily improved work-wise, but the company is making big profits, and should be around long enough for me to do what I need to set myself up for retirement, another two decades at least.</p></blockquote><p></p>
[QUOTE="'Lord Brown's bidding', post: 1146994, member: 32753"] Companies don't go public to reward management anymore than they go public to reward employees. They go public to grow, and grown UPS has. Management is just in a better position to catch more of the benefits. Thus, they do more to "grow the business" in the ways that management does, trying to create and maintain an efficient operation. Management-even the CEO-are all "employees", too. Drivers and even PT hub workers have benefits, too, because UPS went public, they just aren't perceived as such. However, while the Union is necessary to make sure we get our fair share of the pie, the pie is there, in part, because of UPS going public and the money it generated allowing UPS to do what it felt to improve the company. EDD, PAS, MyChoice-while we drivers disdain them, I do see how they have made the company better. The acquisition of Overnight, even the attempted acquisition of TNT, are things made possible by going public. The benefit to me is the company stays profitable and atractive, and in no danger of drastically reducing it's workforce, to say nothing of going out of business. Thus, at the height of the recession, I had a deep sense of security knowing that while work loads were light my job wasn't in danger. I have had to have several conversations with my wife about why I am not as afraid as she thinks I should be when it comes to looking for a new house or some other big purchase. Her brother-in-law was laid off from his job, and thus his family is always worried about the possibility of being "downsized", so they are hesitant about big purchases. Myself, the only reason I have to worry-at this time, anyway-is when I do stupid things that can lead to discipline. That assurance is in large part due to UPS going public many years ago. Conditions haven't necessarily improved work-wise, but the company is making big profits, and should be around long enough for me to do what I need to set myself up for retirement, another two decades at least. [/QUOTE]
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