The Wizard of Fedex
03-07-2023, 02:56 PM
#31
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Thread Starter
Joined APC: Apr 2021
Position: Below Decks
Posts: 49
Originally Posted by Coffeepilot1
They have zero influence on how we vote for an industry leading contract. Activist have been around forever and boards change constantly.
03-08-2023, 02:49 PM
#32
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Joined APC: Jul 2013
Position: lr60xr
Posts: 25
"According to McKinsey, they put out a release at one point saying that modest profits were no longer acceptable. To create an outstanding corporation, managers had to keep their stock price high, and cutting costs by layoffs was usually easier and quicker than boosting revenue. In their view, an average corporation that’s just keeping families fed and making products that are used and appreciated is not good enough. You got to make extraordinary profits, and that’s what they help corporations do. And they charge a lot of money for it."
The axe is about to fall... what a messed up thing for a profitable company to do.
Can't say I'm an avid reader of the NYT, but this was a great expose. Just bought the book for further reading.
The axe is about to fall... what a messed up thing for a profitable company to do.
Can't say I'm an avid reader of the NYT, but this was a great expose. Just bought the book for further reading.
03-08-2023, 03:11 PM
#33
Gets Weekends Off
Joined APC: Aug 2012
Posts: 670
Originally Posted by Lear
"According to McKinsey, they put out a release at one point saying that modest profits were no longer acceptable. To create an outstanding corporation, managers had to keep their stock price high, and cutting costs by layoffs was usually easier and quicker than boosting revenue. In their view, an average corporation that’s just keeping families fed and making products that are used and appreciated is not good enough. You got to make extraordinary profits, and that’s what they help corporations do. And they charge a lot of money for it."
The axe is about to fall... what a messed up thing for a profitable company to do.
Can't say I'm an avid reader of the NYT, but this was a great expose. Just bought the book for further reading.
The axe is about to fall... what a messed up thing for a profitable company to do.
Can't say I'm an avid reader of the NYT, but this was a great expose. Just bought the book for further reading.
03-09-2023, 10:18 AM
#36
Gets Weekends Off
Joined APC: Dec 2010
Posts: 3,091
Originally Posted by Merle Haggard
I think you meant "Profit, Stock, Profit".
I'm not really seeing the service piece being prioritized either.
I'm not really seeing the service piece being prioritized either.
03-09-2023, 10:33 AM
#37
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Joined APC: Dec 2006
Posts: 2,055
I have been talking with ramp managers from different EUR stations about how they see the operation. Every one has told me how concerned they are about FDX and its handling of the old TNT flying, and for how our reputation in Europe has just gone down the fking tubes in a short couple of years.
03-09-2023, 10:36 AM
#38
Gets Weekends Off
Joined APC: May 2006
Posts: 1,804
Originally Posted by CloudSailor
I have talked with 4 ramp managers from different EUR stations about how they see the operation. Every one has told me how concerned they are about FDX and its handling the old TNT flying, and for how our reputation in Europe has just gone down the fking tubes in a short couple of years.
03-09-2023, 10:38 AM
#39
Gets Weekends Off
Joined APC: Dec 2006
Posts: 2,055
Originally Posted by USMCFDX
The USA sucks too. My last two packages delayed in the system. Don’t even try to compare our customer website against UPS. UPS customer interface blows us out of the water.
03-09-2023, 10:44 AM
#40
Gets Weekends Off
Joined APC: Aug 2022
Posts: 153
It’s amazing that they pay someone to tell them layoffs will boost profit. Of course it will. For a very short period of time. Then the fallout is tremendous. In this labor environment, they'll struggle to bring back lost talent. When they do, it’ll cost them more than it did to retain them in the lean times. I’m in my 5th decade of life and have watched this game play out over and over again. How many times must we stick our finger in the socket before we learn shrinking to profitability rarely works. SMH.
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