So the final push is on to get those bonuses the glass palace residents want before they open those pretty golden parachutes and take their flying leaps from the burning spruce goose. What locations will be left in the aftermath of destruction the PSR/United2020 program has created? How long for this company to get back to being something people are proud to work for (yes that probably won’t ever happen but let’s have some optimism). Anyone heard any contract talk?
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All in all UP won’t ever merge that was a dream weighing on what buffet was going to do. And they didn’t realize what he was going to do. Until it was to late. And that was when buffet beat the system by getting his best friend to buy the CN for him so he didn’t get drawn up in court battles. Now the UP is trying to buddy up with the csx for better relations. Telling the CN hey look are way we have amazon on our side. When all in all it was all china c-ap that people stop buying. And stop shipping. But hey UP priced them selves out of the game. Look at the highways more trucks on the road. UP motto was a joke building America ya with what!! More like shipping China across America. Amazon goin to save the company while fritz takes the profits to build that 9.4 million dollar pool he just cashed in on. You don’t like what I say come find me I have more and you know who I am!!! The lone coyote I’m everywhere and nowhere
They've also accumulated a large amount of debt. That's what happens when executives who get paid in stock borrow against the company to jack up the stock price by limiting the supply of shares via buying back stock. That is also what they used the Trump corporate tax cuts for. That is how LF and the others make millions largely for themselves at the cost of working Americans. Too bad the unions are bought and paid for and won't dream of striking.
UP might merge eventually with someone, but I don’t think they are in danger of going bankrupt, not when they are making record profits and if the stock stays near 200 per share. Regardless of how we feel, the company is attractive to investors and this is exactly what they want.
Who knows, another 10% cut is coming in a few weeks. Its why Ricky Wells quit. The day after Lance announced the end of RULA he emailed Wells asking for names for 10% 15% and 20% cuts. Not to mention the $800 a night hotel rooms they put everyone in last week in Salt Lake for their talk with Vinny the slasher. This company is hosed. Vinny has his eyes on the CEO spot so this dumpster fire won't end until UP is bankrupt or owned by another railroad.
Regardless of who eventually replaces the current execs, the company will never go back to where it was. It’s just wishful thinking to believe this will happen.
The new owners want the destruction. BlackRock Capital. That's just what they do. Lance and company are forced to go along with it. That's what America come to.
Yeah you kind of answered your own question there. This company will never be what it once was. People are going to have a very difficult time trusting this company ever again. The executive team hurt a lot of people with the cuts. The real question to be asking is what locations/people still remain to be cut? Remember those two shltheads are still there. It's hard to be optimistic about the future of the company, when we're still dealing the shltshow of the present.