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...doubt UPS shareholders are relieved after two of the hardest years in the 102-year-old firm's history. Indeed, only four months ago, the $45 billion company disclosed a 43% drop in third-quarter profit, and 2008 likewise saw staff reductions, shuttered facilities and deep cost controls...
...home, UPS treads a fine line on labor costs. Unlike at FedEx, most of its workers are unionized, meaning salaries are higher. Over the years, however, this has engendered tremendous loyalty to the firm--the average tenure for drivers is 16 years. UPS will try to reward some of that loyalty by restoring raises to about 40,000 managers and unfreezing 401(k) matching. Citing strong free cash flow, it will also up its dividend. "We're not hiring yet, but we hope to be soon," Davis says. In other words, recovery is en route...
...government officials from your former company, Goldman Sachs? -Mark Wolfinger, Evanston, Ill. When I looked to bring people in to work with me, I was looking for people who had the skills and the experience and were willing to do the job. I was fortunate to work in a firm where government service was stressed as a virtue...
...senior consultant at Vermont-based Resource Systems Group, a market research and consulting firm...
...Democratic Senate majority leader Tom Daschle spent years in the Senate taking the point against Republican legislation, but after leaving office, he joined the advisory board of the Bipartisan Policy Center, where he partnered with a storied GOP flag carrier, Bob Dole. He also now works at the lobbying firm DLA Piper with former Republican Senator Mel Martinez, who was co-chairman of the Republican Party less than three years...