Reading Berkshire’s annual report, and BNSF cleared over 6 Billion in profits. Did I mention it was also record profits? You wouldn’t know that from upper management. Continued talk about it being a “tough year.” Clearly that was lip service to justify poor raises and continued cuts.
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Sounds similar to what happen when Matt Rose worked his bu-t off to turn the then declining company. It’s funny, get rid of Matt Rose so to speak and looks what happens.
Do you see what is happening here? They are making the company look as profitable as possible. Executives are sacrificing long term investment for short term gains. Look around you. The track and building infrastructure is in declining health. Locomotives are lucky to make 14 days before coming back to the shop. People quitting and not being replaced. The books look great but not enough to give workers better pay. My strongly held opinion is that they are squeezing every penny out of this company before they dump it. The schmuck who buys it will be left holding a bag of sh*t. The writing is on the wall. Get out if you can.