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Brown Cafe UPS Forum
UPS Union Issues
Comparison: Last, Best & Final to Pre-strike proposals
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<blockquote data-quote="oldupsman" data-source="post: 1034778" data-attributes="member: 42268"><p>Your numbers are correct Jon. But the part you are missing is the years before the earnings were limited.</p><p>I remember there were quite a few years that the "the plan" ( I always got a kick out of those quotes) paid at</p><p>22% to 25%. Old guys like me who started in the 70's and never touched that money did quite well.</p><p>When we were allowed to buy stock I had 50,000 in "the plan". And there were guys who had a lot more than that.</p><p>And I converted all 50,000 into UPS stock before we went public. So you can do the math from there. But it sure wasn't</p><p>no million bucks. Then again, I ain't complaining.</p></blockquote><p></p>
[QUOTE="oldupsman, post: 1034778, member: 42268"] Your numbers are correct Jon. But the part you are missing is the years before the earnings were limited. I remember there were quite a few years that the "the plan" ( I always got a kick out of those quotes) paid at 22% to 25%. Old guys like me who started in the 70's and never touched that money did quite well. When we were allowed to buy stock I had 50,000 in "the plan". And there were guys who had a lot more than that. And I converted all 50,000 into UPS stock before we went public. So you can do the math from there. But it sure wasn't no million bucks. Then again, I ain't complaining. [/QUOTE]
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Comparison: Last, Best & Final to Pre-strike proposals
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