For the past few years UP has been borrowing money to buy back Stock to inflate executives portfolios. Rob Knight CFO just quit after inflating the stock price.
The CEO is trying to keep employees calm by saying we have a billion in cash to pay our payroll. That’s not enough to cover 3 months overhead.
It's easy, force them to sell stock to gain liquidity to run the business, and then they geta bailout if they're going bankrupt!
getting compensated in stock...and having the power to borrow money to buy back stock to try to inflate the price....is shady
They just pump the stock, and leave the company with debt as they ride off into the sunset with their inflated stock sale profits...
If you don’t like the company or the stock price don’t buy it. Problem solved.
Its a dirty POS government we have that allows these giant corporations to manipulate their own stock price with buybacks. And when these giants F up cause they didnt invest enuff in their own businesses, the slimebag execs reach for a federal bailout. Wtf is this, welfare for millionaire f...ktards?