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Brown Cafe UPS Forum
UPS Union Issues
Central States Enhanced Plan/And why I may vote no
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<blockquote data-quote="Catatonic" data-source="post: 1138448" data-attributes="member: 7966"><p>Not a record as percentage of revenue.</p><p>4 or 5 Billion sounds like a lot but nothing compared to what GM was making.</p><p>Out of that after tax profit, UPS has to pay dividends, Management MIP, capital expenditures (like package cars, trailers, feeder tractors, buildings, etc).</p><p>UPS is spending less than they should on cap ex to try and look good for Wall St.</p><p>Management MIP is actually employee compensation except UPS keeps half of it for 5 years. This could and probably will be eliminated and so "there goes that profit".</p><p>UPS is looking good right now on a false bubble.</p><p></p><p>Regardless, good luck on getting your desired gains.</p><p>Something really needs to be done for P/Timers.</p><p>Not much needed for full-pay friend/Timers.</p></blockquote><p></p>
[QUOTE="Catatonic, post: 1138448, member: 7966"] Not a record as percentage of revenue. 4 or 5 Billion sounds like a lot but nothing compared to what GM was making. Out of that after tax profit, UPS has to pay dividends, Management MIP, capital expenditures (like package cars, trailers, feeder tractors, buildings, etc). UPS is spending less than they should on cap ex to try and look good for Wall St. Management MIP is actually employee compensation except UPS keeps half of it for 5 years. This could and probably will be eliminated and so "there goes that profit". UPS is looking good right now on a false bubble. Regardless, good luck on getting your desired gains. Something really needs to be done for P/Timers. Not much needed for full-pay friend/Timers. [/QUOTE]
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