smokin'joe
Just Smokin' the Blues...
- Credits
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8%....
All of that from a company that paid zero in federal tax’s due to Trumps tax cuts . Zero of that tax cut went to employee’s, in fact they raised employees healthcare premiums. Now this. Way to go FedEx. The bar goes lower.
True. You know the old line: You should just be grateful for your job.If I recall. FedEx gave all their employees a big bonus. XPO LTL gave nothing.
They gave them more then just that. They even made sure there pension was well fundedIf I recall. FedEx gave all their employees a big bonus. XPO LTL gave nothing.
Well actually they didn’t invest more into capital/equipment:Funny how they invested more into the employees, the company and equipment when they revived the tax cut
Funny how they invested more into the employees,
You believe what is written in the NY Times??? Wow this paper said the Holocaust didn't happenWell actually they didn’t invest more into capital/equipment:
https://www.nytimes.com/2019/11/17/business/how-fedex-cut-its-tax-bill-to-0.html
Quote from above article:
“As for capital investments, the company spent less in the 2018 fiscal year than it had projected in December 2017, before the tax law passed. It spent even less in 2019. Much of its savings have gone to reward shareholders: FedEx spent more than $2 billion on stock buybacks and dividend increases in the 2019 fiscal year, up from $1.6 billion in 2018, and more than double the amount the company spent on buybacks and dividends in fiscal year 2017.”
Man you had to search long and hard for that one. The book was written about the NYT coverage of the Holocaust during WW 2.You believe what is written in the NY Times??? Wow this paper said the Holocaust didn't happen
https://en.m.wikipedia.org/wiki/Buried_by_the_Times
They also gave them a big increase in health insurance premiums.If I recall. FedEx gave all their employees a big bonus. XPO LTL gave nothing.
Corporate greed is what will give Democrats the power to win the next election if they played their cards right. But nooo they have to pursue something very few want. Can you say out of touch?Man you had to search long and hard for that one. The book was written about the NYT coverage of the Holocaust during WW 2.
Yes, you should be skeptical about everything you read . Just like you should not believe everything a major corporation has you best interest at heart in everything they do. Greed is the rule of the land in corporate America. Always has been always will be . That’s why you need a seat at the table or a voice when it comes to getting your due at work.
FedEx did quite well this past year and despite all of that they still found it was time to take from their employees. Go to their forum here and read. Just imagine if they take from them in good economic times what happens in a turn down. Same can be said for Xpo.
Ps
I don’t buy into the Trump theory all news is fake news.thats a dangerous road.
One wiped out the other.They also gave them a big increase in health insurance premiums.
nope just search NY Times HolocaustMan you had to search long and hard for that one
The only one that has my best interest is ME and ME alone. NO company or Union has every looked out for my best interest.Just like you should not believe everything a major corporation has you best interest at heart in everything they do.
What did they take. My understanding is that anyone hired in 2020 and after will not have an opinion of the pension plan. So what did the company take from them?? The new hires. From what I read those in it have a decision to make. Like let the money in the plan and grow interest or take a payout, something Con-way didn't offer any one here to do.they still found it was time to take from their employees. Go to their forum here and read.
As from your lack of wanting a union I would already assumed that and that’s your proghtive . I’m not going to challenge that.The only one that has my best interest is ME and ME alone. NO company or Union has every looked out for my best interest
Well , actually not. Con-way then and Xpo now have a legal obligation to fund the plan to keep it solvent. Xpo has not had to pay a dime into since it acquired the obligation to do so because the investments have covered the liabilities. That could change in a market downturn. That’s exactly why corporations don’t want pensions. The downturns of the market are on them to keep it funded . With a 401k the downturns are on you and you alone.The different between here and their is when Con-way stop their pension they stop funding it
Yeah I hear $150.00 /month or $1800.00 a yearThey also gave them a big increase in health insurance premiums.
Being out of touch, yeah. But protecting their own deep state bureaucratic POWER to trump Trump concerning who dictates and enacts policy is their real issue.Corporate greed is what will give Democrats the power to win the next election if they played their cards right. But nooo they have to pursue something very few want. Can you say out of touch?