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UPS Partners
Changes in Management Compensation?
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<blockquote data-quote="tieguy" data-source="post: 782802" data-attributes="member: 1912"><p>its an effort to eliminate the xmas bonus for future supervisors. no fuss no muss we wont complain for the unborn. </p><p> </p><p>someone crunched the numbers and figured out a benifit to awarding MIP in march. It may be something as simple as keeping retiring management around through peak. presently you have to be on the books through november 4th to get your mip. with the chanage I would think the date will be december 31st.</p><p> </p><p>not sure about the mumbo jumbo change concerning what was called good partner money. You still have to retain x amount of shares to get a full month of additional incentive. The percentage calculation would appear to allow for flucuations in the share price.</p><p> </p><p>A supervisor needs 3.5 percent to get a full month of additional incentive. A quick calculation would be to take your monthly salary and divide by .035 for a sup or .030 for a manager. Example for a supervisor 5000 divided by .035 equals 142857$ in class A share value to get a full month of additional incentive. </p><p> </p><p>if the share price drops then you would need more shares to continue earning the same additional incentive. Just think corporate could warn or in some other way manipulate the share price and actually cut their liability. </p><p> </p><p>corporate lives and speaks a different language that can add to the mistrust with these changes. Explaining the reason as a realignment that more closely realigns business plan to incentive sounds good but probably escapes most of us.</p></blockquote><p></p>
[QUOTE="tieguy, post: 782802, member: 1912"] its an effort to eliminate the xmas bonus for future supervisors. no fuss no muss we wont complain for the unborn. someone crunched the numbers and figured out a benifit to awarding MIP in march. It may be something as simple as keeping retiring management around through peak. presently you have to be on the books through november 4th to get your mip. with the chanage I would think the date will be december 31st. not sure about the mumbo jumbo change concerning what was called good partner money. You still have to retain x amount of shares to get a full month of additional incentive. The percentage calculation would appear to allow for flucuations in the share price. A supervisor needs 3.5 percent to get a full month of additional incentive. A quick calculation would be to take your monthly salary and divide by .035 for a sup or .030 for a manager. Example for a supervisor 5000 divided by .035 equals 142857$ in class A share value to get a full month of additional incentive. if the share price drops then you would need more shares to continue earning the same additional incentive. Just think corporate could warn or in some other way manipulate the share price and actually cut their liability. corporate lives and speaks a different language that can add to the mistrust with these changes. Explaining the reason as a realignment that more closely realigns business plan to incentive sounds good but probably escapes most of us. [/QUOTE]
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Changes in Management Compensation?
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