This is getting nucking futs. Can you imagine what these people would do to a company like FedEx?
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http://www.redstate.com/laborunionreport/2010/09/27/teamsters-attempt-to-oust-fedex-founder-chairman-fred-smith-from-co/
They've been agitating for a complete redistribution of wealth and power for more than 100 years. Now, they're getting pretty darn close to accomplishing it.
Following the AFL-CIO's August attempt to fire Michael Dell at Dell Computers, the Teamsters have gone gunning for the founder of FedEx, Chairman Fred Smith.
From the Teamsters' press release:
At FedEx Corporation's [NYSE: FDX] annual meeting today the Teamsters' shareholder proposal to appoint an independent board chairman received 35 percent support according to results announced at the meeting. This marks a big leap in investor support for the proposed reform which received 27 percent support in 2009.
Excluding shares held by FedEx founder, Chairman and CEO Fred Smith and his business enterprises, 38 percent of the votes cast were in favor of the Teamsters' proposal—a significant vote for change on the FedEx Board.
"Shareholders are growing tired of Chairman Smith's stranglehold on the FedEx board," said Teamsters General Secretary-Treasurer C. Thomas Keegel. "It's time for independent board leadership at FedEx."
This ties into AFL-CIO boss Richard Trumka's statement on Friday that...
we need to fundamentally restructure our economy and re-establish popular control over the private corporations which have distorted our economy and hijacked our government. That's a long-term job, but one we should start now.
Well, they do seem to be on their way, don't they?
I'm sure somewhere Sioux Rebel is doing an interpretive dance celebrating the cycles of life from childhood into the full bloom of adulthood. :o :P
Quote from: Dan on September 27, 2010, 09:40:03 PM
I'm sure somewhere Sioux Rebel is doing an interpretive dance celebrating the cycles of life from childhood into the full bloom of adulthood. :o :P
It is news like this that makes him sleep better at night.
Since when is 38% a majority voice?
Oh wait, were talking leftists.
Quote from: Solar on September 28, 2010, 06:47:14 AM
Since when is 38% a majority voice?
Oh wait, were talking leftists.
When you control the vote.
Quote from: walkstall on September 28, 2010, 08:56:01 AM
Quote from: Solar on September 28, 2010, 06:47:14 AM
Since when is 38% a majority voice?
Oh wait, were talking leftists.
When you control the vote.
OUCH!!! ;D ;D ;D ;D
So the union owns stock in Fedex and is attempting a takeover of the company ?
Quote from: zip on September 28, 2010, 01:06:45 PM
So the union owns stock in Fedex and is attempting a takeover of the company ?
That's exactly what it looks like.
Quote from: taxed on September 27, 2010, 09:35:56 PM
http://www.redstate.com/laborunionreport/2010/09/27/teamsters-attempt-to-oust-fedex-founder-chairman-fred-smith-from-co/
"Shareholders are growing tired of Chairman Smith's stranglehold on the FedEx board," said Teamsters General Secretary-Treasurer C. Thomas Keegel. "It's time for independent board leadership at FedEx."
When you're beholden to the union bosses, you aren't "independent", at least as far as I'm concerned.
Quote from: crepe05 on September 28, 2010, 01:30:47 PM
Quote from: taxed on September 27, 2010, 09:35:56 PM
http://www.redstate.com/laborunionreport/2010/09/27/teamsters-attempt-to-oust-fedex-founder-chairman-fred-smith-from-co/
"Shareholders are growing tired of Chairman Smith's stranglehold on the FedEx board," said Teamsters General Secretary-Treasurer C. Thomas Keegel. "It's time for independent board leadership at FedEx."
When you're beholden to the union bosses, you aren't "independent", at least as far as I'm concerned.
So you loathe Dims? ;) ;D
Quote from: Solar on September 28, 2010, 01:32:00 PM
Quote from: crepe05 on September 28, 2010, 01:30:47 PM
Quote from: taxed on September 27, 2010, 09:35:56 PM
http://www.redstate.com/laborunionreport/2010/09/27/teamsters-attempt-to-oust-fedex-founder-chairman-fred-smith-from-co/
"Shareholders are growing tired of Chairman Smith's stranglehold on the FedEx board," said Teamsters General Secretary-Treasurer C. Thomas Keegel. "It's time for independent board leadership at FedEx."
When you're beholden to the union bosses, you aren't "independent", at least as far as I'm concerned.
So you loathe Dims? ;) ;D
Not the moderate ones, of course. ;) :D
Quote from: Solar on September 28, 2010, 01:08:22 PM
Quote from: zip on September 28, 2010, 01:06:45 PM
So the union owns stock in Fedex and is attempting a takeover of the company ?
That's exactly what it looks like.
Solar id bet the rank and file working stiffs have nothing to do with this...most of the crap teh union leaders do the rank and file are clueless about....this is about union boss's wanting power and under the table graft...which is more lucrative the bigger the union
Quote from: zip on September 28, 2010, 01:59:42 PM
Quote from: Solar on September 28, 2010, 01:08:22 PM
Quote from: zip on September 28, 2010, 01:06:45 PM
So the union owns stock in Fedex and is attempting a takeover of the company ?
That's exactly what it looks like.
Solar id bet the rank and file working stiffs have nothing to do with this...most of the crap teh union leaders do the rank and file are clueless about....this is about union boss's wanting power and under the table graft...which is more lucrative the bigger the union
Exactly Zip, all the drivers that show up to my house like their job and pay, why would anyone want to give 10% to a big union only to have their voice stifled?