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Founders Day 2009~ What is the Status of the Management "Partnership"
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<blockquote data-quote="pretzel_man" data-source="post: 591857" data-attributes="member: 927"><p>Brownone:</p><p> </p><p>I gave my thoughts on a previous one to you. I believe that the major issue is lack of growth. This is the core problem...</p><p> </p><p>Lets look at the situation Atlanta is faced with.....</p><p> </p><p>We are not growing, so our sins are not masked by large increases. Competitors are undercutting cost and overpomising service. We are then forced to respond. Health care costs are rapidly increasing. Someone must pay for it.</p><p> </p><p>So, everyone is trying to take from the same pie. Teamsters, Customers, Management, Shareowners. Its up to Atlanta to make the decision on how to divide up this pie that is not increasing.</p><p> </p><p>I agree that management is paying the price right now. If the stock grows, we will all be happy with this short term impact. MIP is paying more shares even though the total payout is less. If that base grows, that is great.</p><p> </p><p>I am not opposed to cutting management who may be extra. I think that is harder to do than it sounds...</p><p> </p><p>In the mean time, we need to manage as well as we can until the economy turns around. We need our packages back....</p><p> </p><p>P-Man</p></blockquote><p></p>
[QUOTE="pretzel_man, post: 591857, member: 927"] Brownone: I gave my thoughts on a previous one to you. I believe that the major issue is lack of growth. This is the core problem... Lets look at the situation Atlanta is faced with..... We are not growing, so our sins are not masked by large increases. Competitors are undercutting cost and overpomising service. We are then forced to respond. Health care costs are rapidly increasing. Someone must pay for it. So, everyone is trying to take from the same pie. Teamsters, Customers, Management, Shareowners. Its up to Atlanta to make the decision on how to divide up this pie that is not increasing. I agree that management is paying the price right now. If the stock grows, we will all be happy with this short term impact. MIP is paying more shares even though the total payout is less. If that base grows, that is great. I am not opposed to cutting management who may be extra. I think that is harder to do than it sounds... In the mean time, we need to manage as well as we can until the economy turns around. We need our packages back.... P-Man [/QUOTE]
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Founders Day 2009~ What is the Status of the Management "Partnership"
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