The Wizard of Fedex
 

It’s important to know who the wizard is behind the curtain “DRIVE”-ing the change at Fedex.


https://www.currentaffairs.org/2023/02/exposing-the-secretive-and-sinister-work-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!

Is McKinsey on the property here at FedEx?

DE Shaw is definitely on my radar at the moment.

https://www.fordharrison.com/

This is our enemy. Every airline retains their services. They have an office in Memphis. Why do you think that is?

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.

Nah, nothing will change for us. They still had money for stock buybacks in December. Don't let them scare you into accepting anything less than an industry leading contract.

That was a disturbing interview to read. It is unsettling that they have been here poking around looking for ways to cut, outsource, and streamline. I tend to agree with you that the fundamentals of the company we have known are at risk. There is posturing for a contract (FH), then there is this which seems to be something much more threatening.

Funny that our Secretary of Transportation worked for McKinsey from 2007 to 2010.

Interesting article! It seems that they don’t have a problem with conflict of interests, in that light, maybe the union should consider hiring them. We could get some insight into how the company does negotiations and we could respond accordingly. Probably not realistic, but food for thought.

That is a terrifying article.

Good for them, maybe they can advise them to pay an industry leading contract now. It’s only getting more expensive.