Fire Carol Tome, UPS CEO!

[Well-Known Member]

@Operational needs is a kind enough gal to not take personally, but slip up again and you might need to have a safe word in place.

Copy that.

 

[Jkloc420]

@Jkloc420 gave her a pearl necklace

2

 

[Thebrownblob]

2

You do good work

 

[IVE GOTTA PACKAGE 4U]

You do good work

I heard he gave you one also....

 

[Thebrownblob]

I heard he gave you one also....

 

[Jkloc420]

You do good work

One time i did

 

[rod]

He does, this is him trolling.


He's an idiot.

That's what I figured. FedEx don't have any post whores that can come close to competing with him.

 

[I have NOT been lurking]

One time i did

You were new

 

[UPS16hockey]

Two years ago stock price was at $221 now it’s at $129. This is not leadership! My numbers are real, yours are fictitious.

So true. I sold stock at 205, now 129. She just layed off all 25B supervisors. And the stock keeps falling.

 

[Been In Brown Too Long]

I was around when stock was first offered to employees in '95 and vowed never to buy it. I saw on a daily basis just how poorly our company was run and the caliber of those who were selected to be management. My entire career I would say for as well as the company does and has done being profitable, that was all in spite of how bad they ran things. They had the luxury of virtually being the only game in town, no longer the case. One glaring example, of which there are many to choose from, is they paid me, and every other driver in our building, overtime daily for decades to close out our own routes so they could send home a part timer making much lower wages on straight time, just to make the preload numbers look good. And trust me, if I'm closing out my route, I'm certainly not in any hurry. And since I left late, my day is already shot, so I wasn't killing myself to speed through the day to help them out. So even more OT. I wasn't about to buy stock in a company where I witnessed such stupidity daily. UPS could have increased profits for years easily by tightening up their management, and how management manipulates the numbers to make the flavor-o-the-month target look good while ultimately killing the overall number, but it got progressively worse over time. I most definitely didn't want to own stock in a company where I saw how the sausage was made. I did just fine investing elsewhere where they probably ran things just as poorly, but I didn't have to see it firsthand.

 

[burrheadd]

So true. I sold stock at 205, now 129. She just layed off all 25B supervisors. And the stock keeps falling.

What’s a 25b supervisor?

 

[Well-Known Member]

So true. I sold stock at 205, now 129. She just layed off all 25B supervisors. And the stock keeps falling.

Let's try this again.

You sold stock at $205 during COVID. That stock price was due to COVID and the fact that shippers were throwing money at us to deliver their stuff.

Their net profit went from roughly $4B per year to $14B per year during COVID due to the volume of packages we had. This volume, profit and stock price was unsustainable. The volume, profit and stock price plummeted after COVID.

Well, I shouldn't really say it plummeted. It corrected. It dropped down to where it should be, or was, pre COVID.

The chart below shows the historical stock price. If you look at the red line, it represents about where the stock price should be based on typical growth.

Right about now, it should be around $130 and that is where it is. Those COVID years were an anomaly and unsustainable, no matter who the CEO was.

As for cutting sups, UPS has always had way too many sups. They always had too much money to not care. They are just trimming the fat now that the money is not there.

I have plenty of problems with Tome's leadership, but the stock price is not one of them. The stock is about where it should be.

 

[catstalking]

UPS could have increased profits for years easily by tightening up their management, and how management manipulates the numbers to make the flavor-o-the-month target look good while ultimately killing the overall number,

How do you "tighten up management" when the very behavior you describe comes directly from the CEO and VPs?

Fire all the FT sups and managers you want, you don't change a thing because this culture comes from WALL STREET, not your dumb on car supervisor or whatever

We are ALL just cogs in a wheel man

 

[nWo]

But the pt sups are a special kind of stupid.

 

[DELACROIX]

How do you "tighten up management" when the very behavior you describe comes directly from the CEO and VPs?

Fire all the FT sups and managers you want, you don't change a thing because this culture comes from WALL STREET, not your dumb on car supervisor or whatever

We are ALL just cogs in a wheel man

We only have (one) Vice President in Washington...How in the hell did we end up with a boatload of them at UPS, every Tom, Dick and Harry has been assigned with that title....and exactly what do they do ?

 

[DELACROIX]

So true. I sold stock at 205, now 129. She just layed off all 25B supervisors. And the stock keeps falling.

25,000,000,000 (supervisors)...?

 

[I have NOT been lurking]

How do you "tighten up management" when the very behavior you describe comes directly from the CEO and VPs?

Fire all the FT sups and managers you want, you don't change a thing because this culture comes from WALL STREET, not your dumb on car supervisor or whatever

We are ALL just cogs in a wheel man

 

[I have NOT been lurking]

If you're this upset, then

 

[Johney]

I was around when stock was first offered to employees in '95 and vowed never to buy it. I saw on a daily basis just how poorly our company was run and the caliber of those who were selected to be management. My entire career I would say for as well as the company does and has done being profitable, that was all in spite of how bad they ran things. They had the luxury of virtually being the only game in town, no longer the case. One glaring example, of which there are many to choose from, is they paid me, and every other driver in our building, overtime daily for decades to close out our own routes so they could send home a part timer making much lower wages on straight time, just to make the preload numbers look good. And trust me, if I'm closing out my route, I'm certainly not in any hurry. And since I left late, my day is already shot, so I wasn't killing myself to speed through the day to help them out. So even more OT. I wasn't about to buy stock in a company where I witnessed such stupidity daily. UPS could have increased profits for years easily by tightening up their management, and how management manipulates the numbers to make the flavor-o-the-month target look good while ultimately killing the overall number, but it got progressively worse over time. I most definitely didn't want to own stock in a company where I saw how the sausage was made. I did just fine investing elsewhere where they probably ran things just as poorly, but I didn't have to see it firsthand.

I noticed the increase in company stupidity once they started bringing in upper management from outside the ranks, people who never did the job. Current CEO is a prime example, how can a person who ran a hardware store come in and run a package delivery company? Wouldn't that be like a package driver trying to cook at a 5 star restaurant or maybe build a 20 story hotel? Can only fake it for so long.

 

[IVE GOTTA PACKAGE 4U]

I noticed the increase in company stupidity once they started bringing in upper management from outside the ranks, people who never did the job. Current CEO is a prime example, how can a person who ran a hardware store come in and run a package delivery company? Wouldn't that be like a package driver trying to cook at a 5 star restaurant or maybe build a 20 story hotel? Can only fake it for so long.

How can a delivery company not have enough delivery vehicles?