Comment / On the wires: Cash-burner UPS under pressure to act boldly, and rightly so

Right, so: the announcement highlighted above is significantly more important than Q3 numbers released yesterday, also considering that earlier in August UPS disclosed the appointment of a new CFO following the retirement of Richard Peretz, who was replaced by former PepsiCo executive Brian Newman from mid-September. This surely holds true if you trust the press and the sell-side. Amen to that.

Desperate to find a way to prop up shareholder value after a subdued performance in the past years (+35% versus ...