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UPS Partners
Changes in Management Compensation?
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<blockquote data-quote="beentheredonethat" data-source="post: 783757" data-attributes="member: 4886"><p>Pretzel.. </p><p>1. As far as processing the 1/2 month payroll. I (a long time ago), was in payroll and did the 1/2 month paycheck for mgmt. This process took all of 4 hours. Having a consolidated site, will make that even faster. The one thing I see that will save is all those checks not having to be mailed out. But that's pretty minor. </p><p></p><p>2. MIP already being accrued. YOu are dead right, and this is really where the company is making their savings. All they need to do for the fiscal year 2011, is accrue for a small MIP payout (what did they say the max was, 1 month? So that is the huge savings for the fiscal year for UPS. In 2012, they will accrue that cost throughout the year, and the amount total that they pay in 2012, will be less by the payout in Dec 2011. A win win for UPS. </p><p></p><p>3. Ownership guidelines. If upper mgmt where doing a better job and getting the company to grow more, we wouldn't need incentives to keep the stock. When it was growing at 10-20% per year, people were borrowing to own more, borrow at 5% and earn 20% was a great deal. Lots of older mgmt made a lot doing that. But, now the stock hasn't really grown for years now (esp like it used to). The BOD and mgmt committee are responsible for long term share price growth. They've been doing a pretty bad job on that.</p></blockquote><p></p>
[QUOTE="beentheredonethat, post: 783757, member: 4886"] Pretzel.. 1. As far as processing the 1/2 month payroll. I (a long time ago), was in payroll and did the 1/2 month paycheck for mgmt. This process took all of 4 hours. Having a consolidated site, will make that even faster. The one thing I see that will save is all those checks not having to be mailed out. But that's pretty minor. 2. MIP already being accrued. YOu are dead right, and this is really where the company is making their savings. All they need to do for the fiscal year 2011, is accrue for a small MIP payout (what did they say the max was, 1 month? So that is the huge savings for the fiscal year for UPS. In 2012, they will accrue that cost throughout the year, and the amount total that they pay in 2012, will be less by the payout in Dec 2011. A win win for UPS. 3. Ownership guidelines. If upper mgmt where doing a better job and getting the company to grow more, we wouldn't need incentives to keep the stock. When it was growing at 10-20% per year, people were borrowing to own more, borrow at 5% and earn 20% was a great deal. Lots of older mgmt made a lot doing that. But, now the stock hasn't really grown for years now (esp like it used to). The BOD and mgmt committee are responsible for long term share price growth. They've been doing a pretty bad job on that. [/QUOTE]
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