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<blockquote data-quote="lr1937" data-source="post: 966320" data-attributes="member: 1142"><p>I think this compensation package goes against UPS past philosophy and Jim Casey's business plan. While I was working the salary of management was reasonable and fair. A $13 mil package is not what I think UPS is all about. It is now about meeting quarterly numbers and paying top officials more than they need. I don't know what his life insurance policy is but I never got one. $5934 pension benefits is a puzzle to me. I guess when he retires he will have one hell of a pension making mine look worthless. How about $14885 for financial planning. Whats there to plan for when he will probably leave the company with more money than he can ever use? What is $566,966 in non equity incentive plan for when he got $9.5 mil in stock awards? and $450,807 in option awards? Why would he need $566,966 when he already got $10mil in stock incentives.</p><p>He got an increase of $6623 in health care benefits when I and many others lost some health care benefits. I know my supplemental costs and Part D costs will be much more than the UPS reimbursement. I was told my heath care benefits would be grandfathered when I retired. I guess Davis is my grandfather now that he got an increase and I had mine cut. </p><p>I have always trusted UPS to be fair and ethical. I was disappointed with the health care stuff but this compensation package has changed my whole attitude towards UPS. I was always hesitant to sell ups stock and did so at a slow pace. I will no longer be hesitant. </p><p>It would be good if our proxy vote could be used to deny this kind of stuff but I think the A share board has control so voting would be a waste. I could be wrong on this point. </p><p>I think this compensation package could be used define greed and is one of the problems in our country right now and may very well become problematic for the company.</p><p>JMHO1937</p></blockquote><p></p>
[QUOTE="lr1937, post: 966320, member: 1142"] I think this compensation package goes against UPS past philosophy and Jim Casey's business plan. While I was working the salary of management was reasonable and fair. A $13 mil package is not what I think UPS is all about. It is now about meeting quarterly numbers and paying top officials more than they need. I don't know what his life insurance policy is but I never got one. $5934 pension benefits is a puzzle to me. I guess when he retires he will have one hell of a pension making mine look worthless. How about $14885 for financial planning. Whats there to plan for when he will probably leave the company with more money than he can ever use? What is $566,966 in non equity incentive plan for when he got $9.5 mil in stock awards? and $450,807 in option awards? Why would he need $566,966 when he already got $10mil in stock incentives. He got an increase of $6623 in health care benefits when I and many others lost some health care benefits. I know my supplemental costs and Part D costs will be much more than the UPS reimbursement. I was told my heath care benefits would be grandfathered when I retired. I guess Davis is my grandfather now that he got an increase and I had mine cut. I have always trusted UPS to be fair and ethical. I was disappointed with the health care stuff but this compensation package has changed my whole attitude towards UPS. I was always hesitant to sell ups stock and did so at a slow pace. I will no longer be hesitant. It would be good if our proxy vote could be used to deny this kind of stuff but I think the A share board has control so voting would be a waste. I could be wrong on this point. I think this compensation package could be used define greed and is one of the problems in our country right now and may very well become problematic for the company. JMHO1937 [/QUOTE]
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