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<blockquote data-quote="traveler" data-source="post: 130087" data-attributes="member: 1954"><p>In the 30's throught the early 50's stock was available to drivers, etc. on a very limited basis for purchase. At that time there was no trust agreement where the holder had to sell back to the company within a (I believe) ten to fifteen year period after leaving whether <strong><em><u>he</u></em></strong> retired or just quit the company. <strong>(There were no female drivers nor were there any other women in the operational ranks that I know of!)</strong> These were known as <strong>"brown shares"</strong> and were later held outside the trust so that they could be bought and sold at the whim of the holder. That is somewhat like the difference between class A and B shares today. If I remember correctly, Carey was a full time sorter in the Maspeth, NY hub and he rose through the Teamster ranks. He had a complete hatred for UPS as a company and that didn't bode well when the contract came up.</p></blockquote><p></p>
[QUOTE="traveler, post: 130087, member: 1954"] In the 30's throught the early 50's stock was available to drivers, etc. on a very limited basis for purchase. At that time there was no trust agreement where the holder had to sell back to the company within a (I believe) ten to fifteen year period after leaving whether [B][I][U]he[/U][/I][/B] retired or just quit the company. [B](There were no female drivers nor were there any other women in the operational ranks that I know of!)[/B] These were known as [B]"brown shares"[/B] and were later held outside the trust so that they could be bought and sold at the whim of the holder. That is somewhat like the difference between class A and B shares today. If I remember correctly, Carey was a full time sorter in the Maspeth, NY hub and he rose through the Teamster ranks. He had a complete hatred for UPS as a company and that didn't bode well when the contract came up. [/QUOTE]
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