Jetjok

So, you're the ONE.

MD11Fr8Dog

I make two! Upped it when I made Capt.

fedupbusdriver

Fedex stock is up over $5 today. Wonder why.

Nitefrater

That's two shares, right? Bought one a few years ago so you'd get the annual report, then they split?

MD11Fr8Dog

Yea, when they told us we were an internet company!

angry tanker

I think there are a few of us out there that have or are currently buying the stock. I was wondering if there was anything out there that we could get our collective voice together. I guess not. We might want to set something up, just a thought.

JackBurro

Having first hand knowledge of the whole United debacle, the ESOP failed for numerous reasons. First, not all employee groups were involved. Primarily, the flight attendants chose not to participate when it was organized in the early 90s. The pilots, mechanics and eventually the nonunionized cluster of employees had a vote on the board (3). Second, every union group had a little different vision as to what direction the company and its' contracts should take. Third, even though the employees had a "vote" on the board, it required a minimum of 2 of the 3 voting groups represented on the board to effect a vote. When the merger of US Air came around, there were SIGNIFICANT differences among the voting parties on the board and also some hidden agendas as to personal gain from a merger. The lack of solidarity among board members resulted in many unresolved merger issues (seniority being the biggest).

As for the sale of the ESOP stock, you could not get rid of any shares until retirement. This meant that back in '99 and 2000, there were guys who were within a couple of years of retirement and had stock worth hundreds of thousands of dollars. It turned out to be virtually worthless since it got taken off the exchange and reissued under UAUA after the bankruptcy. It looked great under the "paper gains", but reality is something totally different.

Bottom line..........even if we had enough shares to matter, it still wouldn't matter.

tomgoodman

Actually, that might be a nice hedge play: FedEx guys load up on UPS stock and vice-versa. If your company flops, the other one will boom, so you're covered either way!

Boonatious

Maybe because if this LOA goes through, the company will get away with murder on their overseas employee expenses.

frozenboxhauler

I'm the reason it took off in the first place. I sold my (few) shares when they got to $30. Please feel free to ask me any and all financial planning questions that you may have. It could make an interesting new thread; "Ask Frozenboxhauler".
fbh