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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: 592563" data-attributes="member: 927"><p>As I said before, everyone in management has a right to be frustrated. Your assertion of blame is misplaced in my opinion. The real enemy is lack of growth.</p><p> </p><p>This has affected opportunity, stock growth, MIP calculations, and ability to give raises. All of those things were mentioned by you as problems.</p><p> </p><p>Do you really think that dividends are given so that higher level management gets rewarded. It has nothing to do with that.</p><p> </p><p>You seem to believe that we should have given out management raises instead of paying dividends. Lets assume they did that.</p><p> </p><p>Since the raises would have reduced EPS, stock would have shrunk. Since Dividends are one of the reasons for our stock value, it would have shrunk even further.</p><p> </p><p>The management committee must balance Shareholder needs, Customer needs, and employee needs. In this case, they chose to take some from management employees and not reduce shareowner dividends.</p><p> </p><p>P-Man</p></blockquote><p></p>
[QUOTE="pretzel_man, post: 592563, member: 927"] As I said before, everyone in management has a right to be frustrated. Your assertion of blame is misplaced in my opinion. The real enemy is lack of growth. This has affected opportunity, stock growth, MIP calculations, and ability to give raises. All of those things were mentioned by you as problems. Do you really think that dividends are given so that higher level management gets rewarded. It has nothing to do with that. You seem to believe that we should have given out management raises instead of paying dividends. Lets assume they did that. Since the raises would have reduced EPS, stock would have shrunk. Since Dividends are one of the reasons for our stock value, it would have shrunk even further. The management committee must balance Shareholder needs, Customer needs, and employee needs. In this case, they chose to take some from management employees and not reduce shareowner dividends. P-Man [/QUOTE]
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Founders Day 2009~ What is the Status of the Management "Partnership"
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