Hes been here 2x and 2nd time, showing his operating experience doesn't translate to CEO. Lackluster earnings and vision. He can't cut anymore and should have cut execs who Lance never did. Instead, Vena math got him nothing cutting the people who do the work. Disaster. He let Kenny answer questions calls cuz he can't answer either. Lance at least stepped up to defend Santiago ....down $7 before the call, down $11+ after. Do the math.
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Yes, rehire people going back to 2012 for all the chicken sh-t rules and the chicken sh-t kangaroo investigations. A bunch of people need to be brought back and restored with honor, dignity, and respect.
@hmv Do the job that he has? OK no problem! Let see, first thing I'd do is drop the PSR BS! Then I'd hire back the people that the UP needs to serve the actual customers and not the shareholders. Then I'd get rid of the management that the UP doesn't need immediately! Then I'd tell the investors to go F themselves. Most importantly, I'd find any Vena sympathizers, fire them, and bar them from ever working for the UP EVER again. There's other things, but I feel those are the most important. I'd even do it at a fraction of what Vena makes. Why a fraction? Simply because the investors would have me removed from the CEO position very quickly, but not before making the very necessary changes needed to put this company back onto a healing path. PSR has done nothing for any RR, and neither has Vena. Vena should've stayed retired!!! The falling stock price and government issues now facing the railroads is a problem. Vena won't be around much longer!
These people can't even read and write, we are railroaders because we earn more doing this than walking around with pride and ego. Do they even know that at least 75% of TEY and Mechanical have 4-year degrees, and some even master's degrees. These people can barely walk upright, I have never seen a company with the most illiterate managers and executive management. Just do the math, they cut from the bottom for what, it does nothing. Most of these managers have these fly by night online degrees. Whoa, we are so impressed. Years, ago when Buffet said the UP had the worst management he had ever seen, he said this was the worst mismanaged company he ever witnessed, he said mom and pop companies had better balance sheets then the UP, then they changed the CEO, then they brought in all these overseas investors that drove up the stock, the stock is only high because several companies have placed their pensions in the stock, the stock is not doing well because it's a great company, its doing well because of the liquid cash on hand. They always start firing managers 2 weeks before the holidays, and board cuts mid-January, then they bring the TEY back, hire some more, cut more management and hire these college grads, that can barely wipe their a-s good. Meanwhile they are still paying out lawsuit after lawsuit, time and time again, they have to pay law firms to defend them, then before they settle, they have to pay the other sides attorney's fees. In 2022 they paid out 409 million in discrimination lawsuits online, in 2022 they paid out nearly 800 million in personal injury lawsuits, in 2023 they paid out 1.7 billion in personal injury lawsuits, and 886 million in discrimination lawsuits. Union Pacific is an open book company, everything they do is disclosed, nothing is hidden. And yet they still profit billions, so why does it matter what they do, they pay out nearly 2 billion a year on lawsuits. Vena is a yes man, and before it's all said and done, he is going to sell trackage rights to either the BN or someone else. He is going to chop this company up and sell it off. As an SMU degreed individual and strong networking that I have if I was a manager or investor I would pull out and invest in THE BNSF.
What happened to the stock doubling in 2 years time? That’s what we were told when he took over.
The wall st vena believers haven't been buying and dumping big today.
He knew he wouldn’t be able to do the job so he wanted Beth to be the President.
I don't see a problem with Vena. His first stint was to cut and turn a higher profit. His second stint is building and increasing carloads. Id like to see some of you id--ts do the job he has.
Spoken like a true manger with your corporate Jargen ! There guys it’s proof this sight is being monitored