big changes from private to public. much was lost. what was gained ?
Casca - It's obvious from some of your posts (Asking the level that Partnership starts) that you are going off what you've heard, or believe to be the case and likely do not have a full story. Hoax mixed the two job levels in his response to you, with reference to the new at which level partnership starts and reference to the old with referencing division managers.
As far as the other comment about negative increases each year that individuals stay around at a certain level, I am not going to go into specifics, but that's simply not the case. Given your knowledge of the subject it's obvious that you were not impacted. Your direct manager should have covered this as part of your 2012 Merit Increase in which there was a brochure that would have explained how this correctly worked. I would suggest if you received it to dust it off and read through it, if you did not to see out your manager for guidance. Even behind the anonymity of the internet, it would be inappropriate for me to discuss it further here.
All is not lost, the company is not dead or dying after going public, far from it. A number of your recent posts give the impression that the world has ended because we are now a publicly traded company.
I would challenge that moving into the 21st century as a company we needed to once again (this is the 2nd time) be a publicly traded company. Have we been much more concerned about our bottom line than before? Absolutely. Are there times where we step over a nickel to save a penny? Unfortunately. The end result though has been a company that is more competitive, nimble in the market, and in the position to expand not just through our own operations, but through acquisitions. Would we have been able to raise funds for an Overnite as a private, employee owned company? What about the largest in our company's history with TnT, just a paltry 5.8B in US Dollars. Are we no longer accountable to each others or fellow partners in the company? I would say absolutely not. If you are a partner, part of your obligation is to uphold your partners, but also hold them accountable. Going public has added another level of accountability that should have been in place with our partners (internal shareowners) with our Class B Shareowners who trade our stock publicly.
Remember, what made many UPSers Millionaires within a short period of time. It was taking our company public and the resulting splits and increases in our stock price. Have we seen that since going public? No, but show me another stock that currently has a 3% dividend yield when you can barely get .25% APY in your savings account through the local bank. If you walk into your Operating/Business Unit each day with the mindset that all is lost in your head then you will work as if all is lost and there is no reason to keep going each day.