Posted on 12/27/2005 9:03:05 AM PST by Old_Mil
If all the employees left, there wouldn't be much of a company left. Of course, the sheeple won't do that, but the great thing about this country is that no one FORCES you to put up with this.
If they run United into the ground they get nothing.
It's all just another variation of "steal from the employer".
CEOs are employees, too, afterall.
The unions got their turn, now management is taking "it's share".
"It all has a nasty resemblance to the stuff a nineteenth century crackpot named Marx used to babble about."
This screed was written by one of that crackpot's most devoted followers.
I knew United was eventually going down after the "Summer of hell", in which airline employees intentionally sabotaged their own company. As part of "negotations", stewardesses conspired to not show up in just such a way as to maximize harm to their company -- resulting in many cancelled flights at the last minute, with the company least prepared to deal with it and many enraged customers. Plus United's pilots made drastically more than their competitors before this bankruptcy result. I have no doubt the bankruptcy isn't being handled well, but the situation was brought about in the first place largely by employees themselves.
Don't forget that management are employees, too.
**If all the employees left, there wouldn't be much of a company left.**
We tell my brother-in-law this all the time. He works for UPS and all he does is complain about management. One day - during a tirade - I looked at him and said, "If it's such a horrible place to work then quit and go to FedEx"! He looked at me like I was crazy.
"But they don't pay as good and I would lose my 8,000 vacation weeks a year (my sarcasm as he's always on vacation), etc. etc."
My reply, "Then quit bitchin' about it". Heavy Sigh!!!
Do we have any indication if this was a policy before declaring bankruptcy and if so what was the compensation then?
Ha! Ha! All it really does is ensure that the morons who drove the company into the ground in the first place will have a lock on the board of directors so they can never be gotten rid of. I'm sure they will design some beautiful golden parachutes once their slash-and-dash strategy has hollowed out the company at the working level.
Plus, for all the pay and bennies, does your bro-in-law's job require anything more than a pulse? Ask him if he could manage, much less create, UPS.
Essentially, this is just a variation on the theme of what American Airlines tried to do after obtaining concessions from its unions that ended up costing the CEO his job...this time it's executed with stock options and under the auspices of a bankruptcy judge.
I'm glad to see all our freemarketeers - with the exception of our one animal farm poster who seems to get it - chime in with such utter disregard for shareholder's wellbeing.
"...does your bro-in-law's job require anything more than a pulse?"
And it goes downhill from there.
Wonder why unions came into existance? Or why there is an NLRB?
I know two UPS employees. One retired early, to a decent retirement due to health problems brought on by the job. The other is a very stressed out individual, but realizes he has a good job. From what I understand, working for UPS is stressful and physically demanding.
But, we shall give no respect to someone who works FOR someone. Nor shall we acknowledge that there is value in anything other than management! Workers are to be used, and thrown out, just like a desk or chair. If they don't like it, they should do better!
Unions aren't the only ones with screwed up priorities.
You've never created a company, have you?
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"You've never created a company, have you?"
Arrogance is quite unbecoming, especially when coupled with lack of thought.
The short answer is no, I have never created anything other than my own one person consultation company.
The more insightful question would be do I understand the concepts? If one has to do something to truely appreciate it, then most teachers should be fired, we should stop having concerts and sporting events. For anyone who hasn't played professionally, can't appreciate it.
Fortunately, I took an economic path that worked for me, and I am doubly thankful it's not working for you.
What you describe is exactly what motivated the likes of Ken Lay, Bernie Ebbers and Jack Grubman.
Better that executive bonuses be paid in cash, not stock, and that cash be pegged to verifiable performance benchmarks.
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