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UPS strikes again
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<blockquote data-quote="bwaites" data-source="post: 263025" data-attributes="member: 8733"><p>I don't think anyone said she broke the law, only that UPS is obligated to follow the laws as required of common carriers.</p><p> </p><p>She wasn't following UPS policy, pure and simple. Not a law violation, simply not following the obligation that UPS publicly espouses.</p><p> </p><p>As far as private vs. public corporations, UPS is a PUBLICLY traded stock, thus a "public corporation" although the term can also be used to describe those companies owned by a government entity (sometimes also called "Crown Corporations).</p><p> </p><p>There are short explanations here:</p><p> </p><p><a href="http://www.pathtoinvesting.org/invmarkets/regulation/corpgov/im_corpgov_013.htm" target="_blank">Public & private corporations &mdash; Corporate governance</a></p><p> </p><p>and here:</p><p> </p><p><a href="http://www.nationmaster.com/encyclopedia/Public-company" target="_blank">NationMaster - Encyclopedia: Public company</a></p><p> </p><p>phorwath, all the companies you named are actually publically owned corporations, those which offer their stock through a public offering through a stock exchange. Private companies or corporations do not do so. They are also called "closely held" corporations. </p><p> </p><p>Koch Industries, Cargill, IKEA, Bosch, Flying J, are all examples of very large privately held companies.</p></blockquote><p></p>
[QUOTE="bwaites, post: 263025, member: 8733"] I don't think anyone said she broke the law, only that UPS is obligated to follow the laws as required of common carriers. She wasn't following UPS policy, pure and simple. Not a law violation, simply not following the obligation that UPS publicly espouses. As far as private vs. public corporations, UPS is a PUBLICLY traded stock, thus a "public corporation" although the term can also be used to describe those companies owned by a government entity (sometimes also called "Crown Corporations). There are short explanations here: [URL="http://www.pathtoinvesting.org/invmarkets/regulation/corpgov/im_corpgov_013.htm"]Public & private corporations — Corporate governance[/URL] and here: [URL="http://www.nationmaster.com/encyclopedia/Public-company"]NationMaster - Encyclopedia: Public company[/URL] phorwath, all the companies you named are actually publically owned corporations, those which offer their stock through a public offering through a stock exchange. Private companies or corporations do not do so. They are also called "closely held" corporations. Koch Industries, Cargill, IKEA, Bosch, Flying J, are all examples of very large privately held companies. [/QUOTE]
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