this post was submitted on 09 Aug 2023
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UPS says its profit will fall after it reaches a Teamsters deal (edition.cnn.com)
submitted 1 year ago by [email protected] to c/[email protected]
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UPS’s tentative labor deal with the Teamsters hasn’t even taken effect yet. But it has already taken a bite out of its earnings and revenue, as both fell in the second quarter ahead of the deal being reached.

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[–] [email protected] -4 points 1 year ago

The amount of skill is not important. What's important is the value they bring to the company. If they didn't bring $19M in value, rest assured they would absolutely not be paid $19M. There is no law requiring these businesses to pay their CEOs absurd amounts of money.