Coincidence, I doubt it, Lance Fritz unloaded almost $9.4 million dollars worth of Union Pacific stock, less than 2 weeks before the latest layoffs. What a heartless sob.
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You can get on with a more stable organization with a more stable and much smaller paycheck if you are a decent employee, but where is the fun in that?
Overtime is fine, but when the senior members/union leaders manipulate the board to screw others out of it, then they are just as much a greedy self centered POS, just like the CEO and other executives.
You missed the point the other person was trying to say. You're comparing everyone else to the CEO and what he's doing. Overtime is overtime. You can either work it or not. If it's mandatory, then you have to work it. Union shops regardless of employer, will base overtime on seniority. The more seniority you have, the more overtime you'll be granted. Eliminating thousands of jobs for shareholder profit isn't on the same plane as who gets more overtime. If I was ever given the opportunity to work overtime, well there's no way I'd turn it down. Blasting the people for wanting to work overtime isn't fair, especially if it's mandatory. The elimination of all these jobs wasn't necessary, but the CEO keeps telling himself it was. Two years ago the company wasn't the greatest, but wasn't the worst either. Take a look at how the company is now. The UP didn't get its rating because of overtime issues.
I did not intend to defend the CEO. I am just saying that if a person is that greedy for $200 or $300 , how could he possibly resist millions. And no I am not the North Splat guy.
It’s about greed. When you stab your co-worker in the back for a couple hundred bucks, you are still stealing from him and his family. The love of money just on a much smaller scale.
If you look at the timing of fritz stock trades, it looks like he rewarding/celebrating another "reduction in work force" or not sure how they will turn out.
@2qmq Except the guy taking the millions is costing people their jobs and making the company look bad. I'm going to guess that this is the NP guy who likes to say how NP is the best in the system. I say that because you are stuck on defending the actions of the CEO. I failed to see how 4 hours of overtime cost thousands of jobs.
Please, if you are willing to screw your co-workers out of 4 hours of overtime, do not badmouth the guy for taking millions.
FRITZ LANCE M
Chief Executive Officer
Conversion of Exercise of derivative security
Aug 25, 2020
683,489
What I find more interesting is the timing of his stock transactions. He sells off stock just before the stock price starts tanking due to the virus. Then he sells off 87,500 shares on Aug. 26th. So im wondering what he knows.
Who cares. Certainly not the ones struggling to make ends meet. I am sick of hearing about Fritz and Vena. Hopefully I can catch on with a more stable organization.
This post is funny. It's incredible how bad he's being watched. That man scratches his a$$, and we'll all know about it before he's done itching it.
Fritz had sold stock 4 times since July of 2018 for $32 million..google Lance Fritz UPRR stock transactions
Sold 87500 shares on August 26, 2020 for almost $9.4 million..which is probably worth more than the company is saving from the number of dispatchers they let go
@1yko
Having all that money doesn't mean a damn thing, unless you can spend it. Harrison was awarded 200 million for his PSR reign of terror, and look where he's at now.
I'm sure if you looked at the latest SEC filings, you'll find your answer.
Google says he owns $121,845,000 worth of stock and gets paid 15 million a year. Sold "0".. Just saying. He is a rich MF.
Its public record. Inside trading.
Where did you find this information. Just interested in that info source.