FedEx earnings miss
#11
Line Holder
Thread Starter
Joined APC: Aug 2024
Posts: 56
Unfortunately, like so many other companies, this one has bowed to the pressure of the ESG corporate agenda. An agenda born in Europe aimed at socializing our capitalism, and creating a type of corporate communism. Company greatness doesn't matter. What matters is using great buzzwords that sound sharp: like efficiency, when they really mean firing employees.
Hiring great leadership? Not the priority. Checking certain boxes is. Hire mediocre managers and supervisors who meet certain 'metrics' (excellence is not considered), which are irrelevant to the success of the company, as long as they score ESG points. Instead of continuing a great legacy at these companies, the new woke management instead are condescending to their customers and employees (think PSA offer, or losing USPS and spinning it to a win).
Like Bud Lite, Target, Harley Davidson, etc. this company has taken on the same bizarre notion of future growth by abandoning what made it succesful to begin with. They have completely missed the point about what made this company outstanding for decades. Now we shrink and outsource our company to success, with all the right buzzwords.
I don't know anyone who wants this at this company, nor in the government, but still it's all around us. Powerful global thing going on, and we are seeing our slice of it here at work.
Hiring great leadership? Not the priority. Checking certain boxes is. Hire mediocre managers and supervisors who meet certain 'metrics' (excellence is not considered), which are irrelevant to the success of the company, as long as they score ESG points. Instead of continuing a great legacy at these companies, the new woke management instead are condescending to their customers and employees (think PSA offer, or losing USPS and spinning it to a win).
Like Bud Lite, Target, Harley Davidson, etc. this company has taken on the same bizarre notion of future growth by abandoning what made it succesful to begin with. They have completely missed the point about what made this company outstanding for decades. Now we shrink and outsource our company to success, with all the right buzzwords.
I don't know anyone who wants this at this company, nor in the government, but still it's all around us. Powerful global thing going on, and we are seeing our slice of it here at work.
#12
no kidding regarding europe. guy interviewed on cnbc said that with the massive power required to run/manage data centers for AI applications, europe will be left behind due to its energy regulations and green energy focus. AI applications that would otherwise be transformative for overall quality of life. "it's going to be devastating for them as well as the US should the green pushers get their way."
Look up the UN Summit of the Future. The country's and state's sovereignty on how we deal with health 'emergencies' will be ceded to the WHO, this weekend - among many other concessions.
All of which ties into how our company, among many other great American companies, cannot find a proper path ahead - due to mediocre leadership installed for ESG points.
Mediocre corp. leadership = mediocre corp. results
Last edited by CloudSailor; Today at 11:19 AM.
Thread
Thread Starter
Forum
Replies
Last Post