The Wizard of Fedex
03-05-2023, 07:13 AM
#11
Gets Weekends Off
Joined APC: Dec 2005
Position: On the corner, covered in Stickum
Posts: 375
Originally Posted by Galley Slave
It’s important to know who the wizard is behind the curtain “DRIVE”-ing the change at Fedex.
https://www.currentaffairs.org/2023/...of-mckinsey-co
To quote a section of the article -
“Yes, that’s correct. The easiest way to boost profits and the bottom line is to cut expenses. It’s much more difficult to actually produce a better product or invent something—that’s on the revenue side. That takes work, creativity, and skill. It doesn’t take any damn skill to lop off a quarter of the workforce and say, “good luck,” or to offshore those jobs, as they [have] over and over again. They were one of the biggest cheerleaders of offshoring, and that obviously has an effect on the families of these people who lost their jobs, but also on the communities in which they live. So, they have had a hugely negative impact in many communities in this country.”
Instead of offshoring think “outside airlift”. These people are bad news!
https://www.currentaffairs.org/2023/...of-mckinsey-co
To quote a section of the article -
“Yes, that’s correct. The easiest way to boost profits and the bottom line is to cut expenses. It’s much more difficult to actually produce a better product or invent something—that’s on the revenue side. That takes work, creativity, and skill. It doesn’t take any damn skill to lop off a quarter of the workforce and say, “good luck,” or to offshore those jobs, as they [have] over and over again. They were one of the biggest cheerleaders of offshoring, and that obviously has an effect on the families of these people who lost their jobs, but also on the communities in which they live. So, they have had a hugely negative impact in many communities in this country.”
Instead of offshoring think “outside airlift”. These people are bad news!
03-05-2023, 07:42 AM
#12
New Hire
Joined APC: Feb 2023
Posts: 7
DE Shaw
https://youtu.be/Vt6P2gSFDHo
Dean Maciuba seems to think a 30-40 % reduction at Express might happen. He also touches upon activist investor DE Shaw and their role in reshaping FedEx. They’re driving the company right now. See video link above. 41:00 and 48:50 marks are eye opening.
https://www.linkedin.com/in/dean-maciuba
He also had an interesting piece many months ago detailing DE Shaw going directly to the ISPs (Ground Contractors) with questions. This was seen as highly unusual and a possible sign that DE Shaw no longer has confidence in Raj and senior leadership at FedEx. See below:
https://ci.linkedin.com/posts/dean-m...file_like_view
Dean Maciuba seems to think a 30-40 % reduction at Express might happen. He also touches upon activist investor DE Shaw and their role in reshaping FedEx. They’re driving the company right now. See video link above. 41:00 and 48:50 marks are eye opening.
https://www.linkedin.com/in/dean-maciuba
He also had an interesting piece many months ago detailing DE Shaw going directly to the ISPs (Ground Contractors) with questions. This was seen as highly unusual and a possible sign that DE Shaw no longer has confidence in Raj and senior leadership at FedEx. See below:
https://ci.linkedin.com/posts/dean-m...file_like_view
03-05-2023, 01:30 PM
#13
Gets Weekends Off
Joined APC: May 2007
Position: let it snow, let it snow, let it snow
Posts: 829
Originally Posted by Galley Slave
At this point, no they aren’t. They are on the micro scale of things. On April 5th I fear we will see a tectonic shift like no other in this company’s existence. FH is the least of our worries.
03-05-2023, 02:41 PM
#14
Gets Weekends Off
Joined APC: Nov 2017
Posts: 2,099
Originally Posted by IWantMyMTV
https://youtu.be/Vt6P2gSFDHo
Dean Maciuba seems to think a 30-40 % reduction at Express might happen. He also touches upon activist investor DE Shaw and their role in reshaping FedEx. They’re driving the company right now. See video link above. 41:00 and 48:50 marks are eye opening.
Dean Maciuba seems to think a 30-40 % reduction at Express might happen. He also touches upon activist investor DE Shaw and their role in reshaping FedEx. They’re driving the company right now. See video link above. 41:00 and 48:50 marks are eye opening.
03-05-2023, 08:43 PM
#15
Line Holder
Joined APC: Oct 2019
Posts: 53
DE Shaw has 3/15 seats at the board. Oh by the way FS is not only still on the board but the executive chairman and chairman of the board in case you all forgot. Pretty sure the wizard is still FS.
There is this narrative going around that somehow just because FS stepped down as CEO he has just vanished into thin air and is going to let his company get eaten up by these activist investors and consultants. Is that whats happening? He is still very involved even if he is not in the spotlight as the CEO.
While alarming to read articles like this, realize we as outsiders only see or hear about a small fraction of what goes on at that level and we cannot come to a true conclusion of what will or won’t happen with the company because we don’t have all the information.
There is this narrative going around that somehow just because FS stepped down as CEO he has just vanished into thin air and is going to let his company get eaten up by these activist investors and consultants. Is that whats happening? He is still very involved even if he is not in the spotlight as the CEO.
While alarming to read articles like this, realize we as outsiders only see or hear about a small fraction of what goes on at that level and we cannot come to a true conclusion of what will or won’t happen with the company because we don’t have all the information.
03-06-2023, 04:22 AM
#16
Aspiring PSA Captain
Joined APC: Sep 2020
Posts: 824
Originally Posted by windshearmaxthr
DE Shaw has 3/15 seats at the board. Oh by the way FS is not only still on the board but the executive chairman and chairman of the board in case you all forgot. Pretty sure the wizard is still FS.
.
.
03-06-2023, 05:44 AM
#17
Line Holder
Joined APC: Oct 2019
Posts: 53
Originally Posted by Merle Haggard
I think you underestimate their influence. They got extra seats almost immediately just because they demanded them. That sure looks like "calling the shots" to me.
Forgive me for my ignorance, but can you explain to me how or what leverage they had to demand their way into these board seats?
03-06-2023, 08:09 AM
#20
Gets Weekends Off
Joined APC: May 2006
Position: Excessed WB Capt.
Posts: 1,063
Originally Posted by IWantMyMTV
https://youtu.be/Vt6P2gSFDHo
Dean Maciuba seems to think a 30-40 % reduction at Express might happen. He also touches upon activist investor DE Shaw and their role in reshaping FedEx. They’re driving the company right now. See video link above. 41:00 and 48:50 marks are eye opening.
https://www.linkedin.com/in/dean-maciuba
He also had an interesting piece many months ago detailing DE Shaw going directly to the ISPs (Ground Contractors) with questions. This was seen as highly unusual and a possible sign that DE Shaw no longer has confidence in Raj and senior leadership at FedEx. See below:
https://ci.linkedin.com/posts/dean-m...file_like_view
Dean Maciuba seems to think a 30-40 % reduction at Express might happen. He also touches upon activist investor DE Shaw and their role in reshaping FedEx. They’re driving the company right now. See video link above. 41:00 and 48:50 marks are eye opening.
https://www.linkedin.com/in/dean-maciuba
He also had an interesting piece many months ago detailing DE Shaw going directly to the ISPs (Ground Contractors) with questions. This was seen as highly unusual and a possible sign that DE Shaw no longer has confidence in Raj and senior leadership at FedEx. See below:
https://ci.linkedin.com/posts/dean-m...file_like_view
if we reduced our flight crews by 30-40 percent that would put us real close to the same number of pilots our closest competitor has. I have been saying for years we are turning into IPS minus the brown uniforms…
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