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Founders Day 2009~ What is the Status of the Management "Partnership"
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<blockquote data-quote="beentheredonethat" data-source="post: 592736" data-attributes="member: 4886"><p>What I think is so ironic, is that I've been in many depts over the years and many of them in IE. Now though I'm involved more with the customers and IE folks first comments when we are working on winning a 1000/day customer is well that's going to cost us a driver or the facility can't handle the extra volume. I find it absolutely amazing hearing that when we also hear we need more volume. I've stated on previous posts, I'd like to see the dividend go down (1/2) or more and take that money and put it towards more reinvestment in the company. Expand the capacity of our most help needed facilities. Replace some buildings that are 50+ years old that are designed for nothing more then 50 lb OS1 boxes. This will help growth in the long run. Also, I totally 100% believe that the decision is to not to touch the dividend since it will affect the higher ups the most. Most of those folks have a ton of money in UPS, also many of them Hypo'ed and still hypo. If the dividend were cut they'd be hurt seriously. Wall Street isn't excited about the dividend. If they did, then our stock should be much better then FDX, since our dividend is so much better. But that's not the case. Also, if upper mgmt wanted to reduce the MIP level (which they did) to mgmt. Fine, tell us up front that 15% of pretax profits is too high, from now on it's 12% or 10% or whatever. Don't lie to us and make up numbers.</p></blockquote><p></p>
[QUOTE="beentheredonethat, post: 592736, member: 4886"] What I think is so ironic, is that I've been in many depts over the years and many of them in IE. Now though I'm involved more with the customers and IE folks first comments when we are working on winning a 1000/day customer is well that's going to cost us a driver or the facility can't handle the extra volume. I find it absolutely amazing hearing that when we also hear we need more volume. I've stated on previous posts, I'd like to see the dividend go down (1/2) or more and take that money and put it towards more reinvestment in the company. Expand the capacity of our most help needed facilities. Replace some buildings that are 50+ years old that are designed for nothing more then 50 lb OS1 boxes. This will help growth in the long run. Also, I totally 100% believe that the decision is to not to touch the dividend since it will affect the higher ups the most. Most of those folks have a ton of money in UPS, also many of them Hypo'ed and still hypo. If the dividend were cut they'd be hurt seriously. Wall Street isn't excited about the dividend. If they did, then our stock should be much better then FDX, since our dividend is so much better. But that's not the case. Also, if upper mgmt wanted to reduce the MIP level (which they did) to mgmt. Fine, tell us up front that 15% of pretax profits is too high, from now on it's 12% or 10% or whatever. Don't lie to us and make up numbers. [/QUOTE]
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Founders Day 2009~ What is the Status of the Management "Partnership"
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