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Brown Cafe UPS Forum
UPS Union Issues
UPS to increase debt by $10 billion
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<blockquote data-quote="Babagounj" data-source="post: 288341" data-attributes="member: 12952"><p>Well the BOD has decided to borrow $10 billion to repurchase stock & increase oversea small parcel growth. </p><p>When they approved the CS pension deal that cause their AAA bond rating to drop.</p><p> So now they want to increase the level of spending to inflate the stock price.</p><p>That $10 billion could have been used to sweeten our contract. </p><p>Anyone else feel like they have been used ?</p></blockquote><p></p>
[QUOTE="Babagounj, post: 288341, member: 12952"] Well the BOD has decided to borrow $10 billion to repurchase stock & increase oversea small parcel growth. When they approved the CS pension deal that cause their AAA bond rating to drop. So now they want to increase the level of spending to inflate the stock price. That $10 billion could have been used to sweeten our contract. Anyone else feel like they have been used ? [/QUOTE]
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UPS to increase debt by $10 billion
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