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Brown Cafe UPS Forum
UPS Partners
Corp Marketing Layoffs
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<blockquote data-quote="jimmythetech" data-source="post: 686523" data-attributes="member: 23869"><p>The company should make a consession or two not just the employees. There are plenty of management people making over a million a year and there are hundreds pulling down 300K plus and not working too hard to get it.</p><p> </p><p>Why did the company raise the dividend from 45 cents to 47 cents? The CEO said UPS is "sitting on too much cash". Over 3 billion in cash to be exact, and the 2 cents per share dividend????</p><p>Well there are approximately 992,800,000 outstanding shares, so a 2 cent increase means UPS spent another 19.8 million dollars on that decision. Over all cost for dividends over 466 million dollars....</p><p> </p><p>The company can provide their own concessions and not destroy the culture that wokred for over 100 years by cutting dividends. Some may say that it will affect share prices, well from the time we went public until today the stock has been a horrible performer, so lets not kid ourselves.</p><p> </p><p>I know some want the dividends to continue so people hold onto the stock, etc - <strong><span style="color: seagreen">my main point</span> is that UPS can make some consessions and not by cutting pay, firing people without notice, exercising furloughs or raising medical contributions - <em><span style="color: green">but by retaining profit and not spending it on dividends.</span></em></strong></p></blockquote><p></p>
[QUOTE="jimmythetech, post: 686523, member: 23869"] The company should make a consession or two not just the employees. There are plenty of management people making over a million a year and there are hundreds pulling down 300K plus and not working too hard to get it. Why did the company raise the dividend from 45 cents to 47 cents? The CEO said UPS is "sitting on too much cash". Over 3 billion in cash to be exact, and the 2 cents per share dividend???? Well there are approximately 992,800,000 outstanding shares, so a 2 cent increase means UPS spent another 19.8 million dollars on that decision. Over all cost for dividends over 466 million dollars.... The company can provide their own concessions and not destroy the culture that wokred for over 100 years by cutting dividends. Some may say that it will affect share prices, well from the time we went public until today the stock has been a horrible performer, so lets not kid ourselves. I know some want the dividends to continue so people hold onto the stock, etc - [B][COLOR=seagreen]my main point[/COLOR] is that UPS can make some consessions and not by cutting pay, firing people without notice, exercising furloughs or raising medical contributions - [I][COLOR=green]but by retaining profit and not spending it on dividends.[/COLOR][/I][/B] [/QUOTE]
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