The following is from a very close friend and former FedEx employee:
I always follow news of this, the greatest company I have ever worked
for. Fred Smith is John Galt (from Ayn Ryan's Atlas Shrugged) and
Howard Roark (from Fountainhead) all rolled up into one.
I recall a phrase he used in the 90's when the pilots (ALPA) threatened to strike at the time: "With you or without you." In other words I will run this company with or without pilots.....which was simply an extrordinary declaration for a CEO of an airline to make.
I have been waiting for true capitalist heros to stand up and speak out against the (if you can't afford to stay in business, we'll own your business) Soviet-era mindset this administration.
Fred Smith is visionary embodyment of all that's good in American business. He is well-equipt to lead charge of the goodly majority of American business leaders who remain bullish on our exceptionalism as Americans We reamain a nation of opportunity, innovation and high achievement.
Following was cut/ pasted from transcript of Rush (who's audience jumped fron 14.5 to 24 million after President said people should "stop listening to him)
Story #2: Card Check: FedEx Threatens to Cancel Jet Orders
RUSH: I have always been an admirer of Federal Express and of its founder, Fred Smith, who got a C-minus or something like on his doctoral thesis in college. His doctoral thesis was the structuring and marketing plan of FedEx, and some pointy-headed professor said, "This will never work but it's a nice effort," and gave him a C-minus, and now FedEx is what it is. FedEx has an order. They have an order for 30 brand-new Boeing jets, cargo jets, to deliver your packages overnight. Thirty jets, the order for 30 jets equals billions and billions of dollars that FedEx needs to spend to upgrade their fleet. "FedEx said yesterday that they probably will cancel the purchase of these jets from Boeing if Congress passes a law that would make it easier for unions to organize at FedEx." This is card check.
They said that if card check happens, they're going to cancel plans to buy as many as 30 new Boeing planes. "[S]hould Congress pass a bill that would remove truck drivers, couriers and other employees at FedEx's Express unit from the jurisdiction of the federal Railway Labor Act of 1926... In January, FedEx said its express unit exercised options to buy 15 more Boeing 777 freighters, worth $3.75 billion at list prices. However, the company deferred delivery of some of the planes as the U.S. economy faces a bleak outlook. FedEx's actions raise the stakes in an increasingly bitter battle involving chief rival, United Parcel Service Inc, and the Teamsters union, which has been trying for years to organize at FedEx, the Journal said.
"FedEx and Boeing could not be immediately reached for comment by Reuters." Cancel 30 jets. This is how you have to deal with these people. This is how you have to deal with the mob. This is how you have to deal with the Mafia. You don't go up there and lobby 'em and talk and beg and cajole. You say, "Fine. You're going to do this? We're going to cancel our growth plans, 'cause you're going to kill our company. You're going to destroy our company." The problem with this is that I'm sure the Obama administration doesn't care if they destroy FedEx, because they are out to punish people who don't do it their way! They're out to punish people who do not have unionized workforces.
What the hell do you think card check is? Card check is a giant threat. It is a threat. Now, I know Senator Specter has said he's going to come out against it. That gives the Republicans 41 votes. That means they can filibuster and block it, if Specter holds true to what he's saying now. But this is a key piece of legislation. It is crucial that this thing be defeated, because if it passes, you're going to see this like we're hearing about FedEx from a lot of different companies. They're not going to put up with it. They're just going to see themselves go out of business for no purpose whatsoever. And, again, don't make the mistake of assuming the Obama administration or Obama himself, are naive and they just don't understand. They know exactly what they're doing. They know exactly what they're doing.
Their operating policy is returning the nation's wealth to its rightful owners. Quote, unquote, "rightful owners." FedEx is not a rightful owner of the nation's wealth. FedEx is depriving people of a living wage because they have no unions. FedEx is evil and mean, and so are all other American business. So is AIG, and so are all these Wall Street people. They're evil, and they have stolen what is not theirs. They have stolen the nation's wealth right out from under the nation's rightful owners, the real owners: the poor and the middle class. This is purposeful. It is a purposeful attack.
I recall a phrase he used in the 90's when the pilots (ALPA) threatened to strike at the time: "With you or without you." In other words I will run this company with or without pilots.....which was simply an extrordinary declaration for a CEO of an airline to make.
I have been waiting for true capitalist heros to stand up and speak out against the (if you can't afford to stay in business, we'll own your business) Soviet-era mindset this administration.
Fred Smith is visionary embodyment of all that's good in American business. He is well-equipt to lead charge of the goodly majority of American business leaders who remain bullish on our exceptionalism as Americans We reamain a nation of opportunity, innovation and high achievement.
Following was cut/ pasted from transcript of Rush (who's audience jumped fron 14.5 to 24 million after President said people should "stop listening to him)
Story #2: Card Check: FedEx Threatens to Cancel Jet Orders
RUSH: I have always been an admirer of Federal Express and of its founder, Fred Smith, who got a C-minus or something like on his doctoral thesis in college. His doctoral thesis was the structuring and marketing plan of FedEx, and some pointy-headed professor said, "This will never work but it's a nice effort," and gave him a C-minus, and now FedEx is what it is. FedEx has an order. They have an order for 30 brand-new Boeing jets, cargo jets, to deliver your packages overnight. Thirty jets, the order for 30 jets equals billions and billions of dollars that FedEx needs to spend to upgrade their fleet. "FedEx said yesterday that they probably will cancel the purchase of these jets from Boeing if Congress passes a law that would make it easier for unions to organize at FedEx." This is card check.
They said that if card check happens, they're going to cancel plans to buy as many as 30 new Boeing planes. "[S]hould Congress pass a bill that would remove truck drivers, couriers and other employees at FedEx's Express unit from the jurisdiction of the federal Railway Labor Act of 1926... In January, FedEx said its express unit exercised options to buy 15 more Boeing 777 freighters, worth $3.75 billion at list prices. However, the company deferred delivery of some of the planes as the U.S. economy faces a bleak outlook. FedEx's actions raise the stakes in an increasingly bitter battle involving chief rival, United Parcel Service Inc, and the Teamsters union, which has been trying for years to organize at FedEx, the Journal said.
"FedEx and Boeing could not be immediately reached for comment by Reuters." Cancel 30 jets. This is how you have to deal with these people. This is how you have to deal with the mob. This is how you have to deal with the Mafia. You don't go up there and lobby 'em and talk and beg and cajole. You say, "Fine. You're going to do this? We're going to cancel our growth plans, 'cause you're going to kill our company. You're going to destroy our company." The problem with this is that I'm sure the Obama administration doesn't care if they destroy FedEx, because they are out to punish people who don't do it their way! They're out to punish people who do not have unionized workforces.
What the hell do you think card check is? Card check is a giant threat. It is a threat. Now, I know Senator Specter has said he's going to come out against it. That gives the Republicans 41 votes. That means they can filibuster and block it, if Specter holds true to what he's saying now. But this is a key piece of legislation. It is crucial that this thing be defeated, because if it passes, you're going to see this like we're hearing about FedEx from a lot of different companies. They're not going to put up with it. They're just going to see themselves go out of business for no purpose whatsoever. And, again, don't make the mistake of assuming the Obama administration or Obama himself, are naive and they just don't understand. They know exactly what they're doing. They know exactly what they're doing.
Their operating policy is returning the nation's wealth to its rightful owners. Quote, unquote, "rightful owners." FedEx is not a rightful owner of the nation's wealth. FedEx is depriving people of a living wage because they have no unions. FedEx is evil and mean, and so are all other American business. So is AIG, and so are all these Wall Street people. They're evil, and they have stolen what is not theirs. They have stolen the nation's wealth right out from under the nation's rightful owners, the real owners: the poor and the middle class. This is purposeful. It is a purposeful attack.
People are fighting back.
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