the analysts tricked him into answering merger questions. Starting with first question. Vena cant help himself....he just talks, and keeps talking about it. Just wants a golden parachute. Also he really loves the team yet only one has been promoted to CFO. No CMO or COO? Stock price done nothing since he arrived at base camp
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@bd Good hope UPs stock TANKS. Sold my garbage weeks ago. Just a pyramid scheme to artificially inflate the stock su-kering in craft employees. Sit back and watch the $hit show LOL
I don't know if anyone else has been watching the stock price today but it went down pretty far. It went down $10.54 during the day trading and went down another $1.10 in after hours trading. That's a huge drop. I found it interesting that the price started out a couple of dollars below yesterday's close, and went down steeply after Vena opened his mouth and confirmed merger talks with the NS. All I can say is that Vena better choose his words tomorrow very carefully. If the stock price continues to fall tomorrow, he'll be gone in short order. The board WILL remove him very quickly. No CEO can obliterate a company's stock price and survive. I only wonder now if the investors are starting to see Vena for the arrogant id--t that he is.
I’ll take a severance and leave today.
@a8 you are 100% right. But management will not cut out layers. The layers exist to protect, insulate, distance individuals from culpability. The low level managers take the most risk, thats why they 100% of the time blame the employees for EVERYTHING. Management creates the circumstances that require the task to be done a certain way, they create the complications that confuse people. They create the problems and then when something bad happens the hapless employee who every single time was the poor soul who was the one trying to physically complete the task gets blamed. Why do we need the right to challenge, that shouldnt even need to exist. Managers should organize, simplify, and streamline each task and accidents wont happen. Managers should be proactive and correct risks (not just behavior) before accidents happen. No instead they start cross craft complicating, force people to do different tasks day to day, and try to overtrain employees too quickly w/ too many CBT’s covering too many broad generalities, but undertrain them w/ actual OJT w/ frequent regular refresher sessions… thats a recipe for accidents and thats why they want so many layers of management. All these people care about is themselves.
Why Atlanta? I recall Texas being bantered about years ago but I'm curious why Atlanta and the KR connection? Thanks
Vena acted tough when he got to UP as CEO and gutted ppl who do the work. He didn't touch any execs unless he didnt like them. He knows only way to gut execs is to move HQ to Atlanta. He gets CEO job and KR gets relocated. They know most Omaha ppl won't move. Easy way to gut workforce.
100% correct..
UPs a money pit and the uppers can't figure out why. It's all the fattened management teams, how many levels of management does the railroad need. Level after level after level. All collecting way into the 6 figures. Wastes of paychecks. GUT Mgt and things will become normal again. And GUT EM DEEEEEEEP.