4 ms·

The article completely omitted that until 1999 UPS was an employee owned company. https://www.nytimes.com/1999/07/22/business/ups-going-public-and-its-employee

• jrochkind1 4y ago
  Very interesting! Did the current employee-owners get the big windfall they anticipated in that pre-IPO article? > Mr. Kelly said that U.P.S. needed to issue stock to the public to maintain its competitiveness against rivals like the FDX Corporation, which owns Fedex; DHL and several increasingly aggressive foreign postal services that are also planning to issue stock soon. Well... that's one story. I wonder how working conditions and salaries changed after they went from employee-ownership to public ownership... I have a guess of course.
• hn_throwaway_99 4y ago
  Thanks for posting that, that's very interesting. I'm curious as to how the 1997 strike mentioned in the article worked then. I would think that strikes in employee- owned companies would have very different dynamics than in public or closely-held private companies.