How new UPS CEO jumpstarted stock after a six-year flat line
on Wednesday said that the company's stagnant stock helped drive her to take the role in June 2020 and install several changes that have pushed the share price higher.
"This is not a negative on UPS; many companies who are all legacy companies, like UPS, you know, we're 114 years old, you get over-engineered with time," she said. "So, we just reverse-engineered some of those processes, and it really sped up decisions." "That's working by a calendar; we got to work off the pace of the watch," Tomé said. "We have review boards, but we just started getting the bureaucracy out.""The team said, you know, Carol, if we could just get faster on the ground we could win market share, and I'm like well, what's getting in the way, and they're like, well, money. It's expensive. I'm like, we'll we've got money.
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