If you have not noticed, stock prices are the most important thing in the world. If laying off people helps short term profits and stock prices then the answer is obvious. Union Pacific joined the race of stock prices long time ago.
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As of 12/12/2019, UP stock was on a 7-day run closing at $175.22/share with a total market cap of $121.6B.
That’s $126,000,000,000
FWIW, I happen to despise UP, but with numbers like these they have no reason to change anything they have been doing. You won’t see anything change until the share price drops significantly, and even then the situation on the ground for employees will get worse, not better.
My advice to everyone is to look for another job if you’re not already doing so.
Lmao the law doesn’t say you got to run the railroad into the ground and sell it off for parts. Have some balls and man up to your own decisions mr executive
The original post literally said stock prices are the most important thing in the world. Lol
I think the link and others you can find speak for themselves to people that can read. Quit using “the law” as a crutch.
so basically you’ve got nothing then.
To 1vgo: while it is true that it is not required that maximum profit be pursued above all else, the earlier response did not suggest that. You failed to mention however, that the law does require fiduciaries to act in the interest of the investors.
A fiduciary has certain responsibilities that he or she must uphold: Fiduciaries act solely in the interest of the clients whose funds they are responsible for, with the exclusive purpose of providing benefits to them. They are responsible for carrying out their duties prudently.
So that being said, get your facts straight.
Since when has U.P. been required to observe any law? They think they are above the law, and may well be until the $h1t hits the fan, and it will, just sit back and watch, it will eventually play out!
Damn, railroad has so many experts in so many fields, if they are so smart, why in the heck would they hang around, just sayin.
If anyone cares to do a little reading from an actual law school, and not some random id–t, here's a good link and you can find many more on your own:
https://www.lawschool.cornell.edu/academics/clarke_business_law_institute/corporations-and-society/Common-Misunderstandings-About-Corporations.cfm
Specifically: "....corporate directors are not required to maximize shareholder value. As the U.S. Supreme Court recently stated, 'modern corporate law does not require for-profit corporations to pursue profit at the expense of everything else, and many do not do so.'"
@12sdLFBg-bft please tell us which specific law you are referring to that forces UP to do what they're doing, you little wolf of wall street. I will make the following correct assumptions: 1) You have no business degree 2) You have no college degree 3) You have no idea what you're talking about.
Lmao...the law requires!!! Thanks for the laugh jurisprudence from askjeeves!
It’s very, very basic law that’s beyond you’re ability to comprehend, obviously. Maybe that’s why you’re at where you are in life, yet see yourself as a victim. Mommy hold your hand too many years and you don’t know how to manage your own life? Too bad for you.
lol. We’ve got some business law experts on here. PHD from Phoenix online
The law requires they strive to achieve and maintain profitability for shareholders. So what’s the problem?