Layoffs left and right, furloughs, people working on the verge of their possibilities, not to mention on the verge of the minimum of safety. Just keep wondering when this whole company is going to tumble down?
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You’re view of being responsible might be skewed by seeing yourself as a victim.
@11jblWFY-2ajk Employing as many people as possible is not the primary responsibility of a company, but conducting business in a responsible way is expected. Screwing customers, employees, and communities is not good business. Every shareholder call included more plans to hike prices. Marketing at UP is calling a customer who can’t realistically go anywhere else and telling them they’re paying more from now on.
If I’m going to be a CFO, I want it to be at a monopoly that gushes cash because you can bilk customers who have few, if any, alternatives. Would he have been so great at a company that had real competitors and customers who could walk away? His formula for success was buy back shares and raise prices...
You’re delusional.
Regardless of when it falls, Vena will be gone and probably Fritz too! This sh1tshow of a railroad has really bad days coming. Does anyone else know the amount of money the UP has paid out in fines and penalties? Its public information for all to see. When its starts to collapse, you're going to see early retirements happening. The lawsuits are piling up, and the UP can't seem to win very many. So best advice is to sit back, grab a beer, and wait. The UP has p-ss-d off one too many this time.
Correct. He’ll be fine. He did his job well. Fiduciary responsibility is a legal term. Look it up. A company's first responsibility is NOT to employ as many people as possible.
And he sold $12 million of his stock at peak prices. He’s going to do alright. Between his stock, pension, and RRB, he might just have enough to retire on and he can walk away knowing he helped destroy a company and make his buddies on Wall Street rich like him. You can’t buy character. But you can sure sell your soul.
The reason is he has 40 years of service.
The rats are jumping off the sinking ship already. There is a reason why the cfo retired
It doesn't matter when it falls down. The people responsible for the mess will never have to answer for what they did or deal with the consequences, and the worst of the consequences will be pushed down to the lowest possible level. There's a great term for this type of system that was coined sometime during the 1980s: "Trickle-Down Economics".
Massive TE&Y layoffs headed for Houston, Texas. A contract was awarded to Genesis Wyoming Railroad to contract switching and 312 miles of Main line traffic for the next 3 years.
if it does, the taxpayers will bail it out like the auto industry and the cowards responsible will all point the finger at each other.
Where are all the layoffs at? Haven't heard nothing specific lately.
Stock is down to 155
Grab some popcorn
Tomorrow