https://www.cnbc.com/2019/03/06/union-pacific-ceo-lance-fritz-defends-stock-buybacks.html
The stock price has gone down almost $4 this past week to $165. Fritz is buying back UNP stock in efforts to drive the stock price back up. What are your thoughts?
Guys regarding the layoffs I think it’s important for everyone to remember that I’m still getting my 12 million so......I don’t remember where I was going with this but hurray for me and f— you. To summarize, we’re doing a good job and there are no problems. Soylent Green is good for you.
He's an aspiring politician. Definitely not a railroader. He's just telling people what he thinks they want to hear.
"We buy stuff!"
Supply didn’t cut any overhead is what I see.
In what world does he live? In my dept not one person who manages people were let go. No Directors or Generals either. Only those who did the actual work are gone.
Go to the link. There is an interview with Fritz. He says all of the reduction in force was managerial and administrative.