Jointhe99Percent
Member
FedEx employee 1100 a month pension is reduced to 10 cents a month. Can this happen to anyone of us or this a phony article? I'm freaking out over this.
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Employee 1100.00 pension goes to 10 cents a month...
- Thread starter Jointhe99Percent
- Start date
NonyaBiznes
Yanked Out My Purple-Blood I.V. In 2000!
Smith meanwhile retains $26,411,752 accrued under the FedEx Retirement Parity Pension Plan and $1,164,464 under the Employees' Pension Plan. Additionally, Smith's $1.4 million salary only comprised 13 percent of the $10.9 million that he raked in for 2008. In fact, 55 percent of Smith's 2008 pay was in stock options not tied to any performance goals.
As of May 31, Smith also held currently exercisable, in-the-money options worth $24.9 million, based on yesterday's closing stock price. In the past two years alone, he's exercised options worth more than $60 million.
* facepalm *
As of May 31, Smith also held currently exercisable, in-the-money options worth $24.9 million, based on yesterday's closing stock price. In the past two years alone, he's exercised options worth more than $60 million.
* facepalm *
CJinx
Well-Known Member
He owns the company. :\
Cactus
Just telling it like it is
That doesn't mean he does things in the employees best interests.
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No, he's the single biggest stockholder in a publicly traded company.
FedExRookie
Well-Known Member
I
His 2012 payout was performance based, this was 2 years after FedEx posted less than a billion dollar profit and 1 year before they posted 1.6 billion in profits (2013) .
Why was his 2008 non performance based? Because the company was doing fine before that, once profits tumbled (great recession) his payouts became performance based. As a stockholder in other companies I see no problem with that.
Considering the executives got top of the line payments in 2012, that irks me, since handlers got not raises and couriers got small raises if any in 2012. Reward the executives for growing profits again, but don't shove it up the labor forces you know what at the same time.
59 Dano
I just want to make friends!
An anonymous person on the internet made a crazy claim about someone else's pension. 99.99999 percent of the time they are confused. Thoroughly confused.
MrFedEx
Engorged Member
For once, you're right. I'm not sure what to do because reality has been disrupted. There could be a tear in the Cosmos and the world could end, or, you finally got something right.
59 Dano
I just want to make friends!
I guess we don't count all those times when it was pointed out that your predictions, based on your extensive insider knowledge, never got anywhere close to being accurate. Among other things.
MrFedEx
Engorged Member
I've got a pretty good track record. That's why you're here as of late. FedEx is "concerned" that the BC needs to be managed by the Social Media Lackey (SML).
59 Dano
I just want to make friends!
They want me here, among 2 dozen posters, many of whom are comically unreasonable?
I'm here for my own entertainment, and my own entertainment is reading your posts. If I had my way I'd make sure that everyone at FedEx read your posts.
MrFedEx
Engorged Member
Sure. Keep selling us on what a terrific Peak we had. Maybe Amazon will take us back.
59 Dano
I just want to make friends!
Since I've yet to say we had a terrific peak, it would be hard for me to keep selling you on it.
You're not very smart.
DontThrowPackages
Well-Known Member
DANO59 is right. So much talk about when DRA hits we would be lucky to get 35 hours per week as a FT Employee. I can tell you DRA has in fact given our station more hours. Even on our early cut day, in the past we'd just do P1 and return to building with 3-4 hours if lucky, we're getting 9.5 hours. The system is filling up our rtes to the point its adding rtes. The extra rtes are being cut and force on the group because the PTers have to leave early or can't be trusted with anything other than going to a warehouse and picking up a bulker. At this rate, I'll have my car paid off sooner than expected and that will be, basically, a 5,000 dollar a year raise. I love it.
MrFedEx
Engorged Member
but
DRA has been a cluster. Both R1a and myself predicted big hours cuts, but that was predicated on DRA working, which it hasn't. If DRA had worked the way they planned, it would have played-out exactly as predicted, but it's been a miserable failure. So, Dano is "right", but only by accident.
DANO59 is right. So much talk about when DRA hits we would be lucky to get 35 hours per week as a FT Employee. I can tell you DRA has in fact given our station more hours. Even on our early cut day, in the past we'd just do P1 and return to building with 3-4 hours if lucky, we're getting 9.5 hours. The system is filling up our rtes to the point its adding rtes. The extra rtes are being cut and force on the group because the PTers have to leave early or can't be trusted with anything other than going to a warehouse and picking up a bulker. At this rate, I'll have my car paid off sooner than expected and that will be, basically, a 5,000 dollar a year raise. I love it.
DRA has been a cluster. Both R1a and myself predicted big hours cuts, but that was predicated on DRA working, which it hasn't. If DRA had worked the way they planned, it would have played-out exactly as predicted, but it's been a miserable failure. So, Dano is "right", but only by accident.
D.R. Baggs
New Member
I just joined browncafe and found this post. Does UPS or whoever is handling our pension offer leveling at retirement? Just wondering
ILuvPandas
Active Member
If you are a UPS driver your pension is wayy better than Fedex they are talking about Fedex pension
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D.R. Baggs
New Member
Yep, sorry. I just realized I was in the FEDEX discussion.
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