Enron Type Mentality in Today's Railroading

[Anonymous]

I have seen nothing that would indict UP of some sort of Enron-like criminal behavior, and I think such a case at this point is tenuous at best. Now--not being terribly smart about things, that's another matter, but since when is stupidity a criminal act?

Mark is right. Money does matter, and I'm sure UP has that goal right up there in their sights. Where I primarily fault them, along with some other companies (RR and non-RR), is for failure to learn from their previous mistakes. For that, the industry, shippers, users and economy all suffer.

[Junctionfan]

You could argue they lack intelligence. People who do the same thing over and over again expecting a different result isn't too bright. Why would intelligent people bother investing in companies that repeats its mistakes? Perhaps they are equally dopey.

[edblysard]

Kept reading, and reading, and reading.....
Waiting for some, no, any reference of sunstance that shows a Enron management style at UP.
So far, zip.
Zero.
Nada.....

Enron was raped by its upper management team, its employees defrauded and hood winked by its top brass...

UP, on the other hand, is aggressivly trying to correct its service problems....

They arent cheating their employees out of a paycheck, nor raiding the retirement fund, or creating false business to funnel corperate monies into...

What they are doing is desperatly trying to hire enough people to run their trains...no people means no crews, means no trains moving= log jammed railroad.

They, like BNSF, got caught short when the new retirement contract kicked in, more folks left than the studies projected.

BNSF was lucky/smart, they looked at the same studies by the same folks, and decided it was wrong.

They started hiring early, and got on top of the personel shortage fast, UP didnt, and got caught short.

What happen at Enron is a crime.

Show me where UP has committed a crime...

The management at Enron screwed their employees over, and destroyed a great company, for personal profit.

Last time I looked, UP management still earns the same that they earned last year...
and they are still trying to fix their problems.

Ken Lay and company just walked away...

Show me the evidence of UP management committing a crime...
other than failing to hire early.

Ed