Originally Posted by
Merle Haggard
I guess you just don't get it. We are paid by FDX. If FDX reduces its business diversification, its revenue, its EPS, and its profit margin there's no upside for the EMPLOYEES of the parent company. Freight's 30 billion or so value that has been earned BY THE EMPLOYEES over 24 years will be distributed to the 2025 shareholders who had nothing to do with accruing any of it. I don't give a flying ******* which other companies have done it, it is a raid on the piggy bank and that's the reality.
Great - more "shareholder value" - which is not the only impetus for the existence of a business.
We work for Express and are paid by Express, and the accounting of costs and revenue is shown on existing financial reports under Express.
If Freight is able to grow at a faster rate as its own company then its employees could benefit with increased salary and benefits.
If we are working under a “diminished carcass” as you say, then surely you aren’t advocating for more pension from that same “carcass”?