Fed Ex furlough

[pipe]

Nowhere in my post did I say that every cent earned by a company was due directly to shareholders. Advertising and sponsoring and community involvement are all expenses that have likely been factored to bring value to the company in some way that will translate into increased profits. Charity also is rewarded economically. So, you can take your socialist ideals and put them where they belong (you and half of the posters on this thread). I still contend that any company that wants to stay solvent has a duty to cut costs where needed when needed. If cutting jobs causes them to lose so much in morale or productivity that they lose money, then that would be counterproductive. I contend that a cut in pilot jobs (while completely tragic, and I hope it does not ever happen) is not going to bring great hate on a company like Fed Ex when furloughs are rampant in the industry. So, the bottom line is if a company needs to cut jobs because of lack of desire for their service, it is THEIR RESPONSIBILITY to do so even if it does cause some pain to the jobs involved. THIS ISN'T A SOCIALIST COUNTRY.

Well I guess we'll just agree to disagree. I don't know where you're family's first 10 million is going to come from to get into the club. It's getting to be fairly assured that hard work ain't gonna get it done.

Maybe you've got family money.

PIPE

 

[Propsync]

Do you think its wise to piss off an employee group? Is that going to be good for Long Term Stability of the company?? Is it going to be good for the balance sheet?

As long as it gives shareholder return: yes. Assuming you have a 401k, you have a plethora of companies' stock. Do you really take the time to make sure each fund has stock in companies operating on your personal principals, or do you just want a good return? My guess is the later. So your questions, while valid, are probably contradicting what you really want in life. Run over everybody and give me my ROI.

 

[Falconjet]

What DOH would that go back to?

Approximately Mar 28, 2005.

Assuming 700.

FJ

 

[tyuwerty]

I have no dog in this fight, just shocked at the fall in cargo traffic.

http://www.flightglobal.com/article...-cargo-traffic-collapse-is-unprecedented.html

IATA: Cargo traffic collapse is unprecedented

IATA's latest figures have underlined the crisis in the cargo market, showing a 22.6% drop in international freight traffic during December.
The fall meant that international cargo traffic over the whole of 2008 fell by 4%.

IATA describes the figures as "unprecedented", and director general Giovanni Bisignani says: "There is no clearer description of the slowdown in world trade."

The collapse in freight business reflects 20-30% falls in export and import volumes being reported across Asia, North America and Europe, says IATA.
"This year is shaping up to be one of the toughest ever for international aviation," says Bisignani, adding that the dismal cargo figures "put us in uncharted territory, and the bottom is nowhere in sight".

 

[jmreii]

We are in a global recession: which will take time to work it's way through and solve the various issues that are demanding our attention.