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Founders Day 2009~ What is the Status of the Management "Partnership"
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<blockquote data-quote="Black_6_Leader" data-source="post: 592855" data-attributes="member: 9413"><p>It sounds like this thread is starting to encourage the discussion that I desired. For me, it comes down to leadership, and trust in the higher level managers in UPS.</p><p></p><p>A quote that I found on a posting on UPSers.com, called "A Shared Culture <em>The stories, values, lessons, people, and spirit that embody UPS"</em> Found on page 12 is this statement attributed to our first accountant CEO George Smith in 1961 <em>"Get rid of double standards of behavior —one for the workers and one for the management"</em>.</p><p></p><p> My concern is that we have become three companies one for Senior managers; one for front line leadership and lastly one for all other employees. Let me quote from page 20 of the 2008 Proxy statment: <em>"In 2008, UPS approved an average base salary increase of 3.5% for all management employees other than members of the Management Committee based upon company performance in 2007."</em></p><p> </p><p>Or this gem found on page 27 of the same proxy <em>"While it expects to continue to monitor the effect of global economic conditions on the Company, the Compensation Committee is committed to the implementation of its plan to increase the total compensation of these three executive officer positions."</em></p><p></p><p></p><p>Need I go on? We cannot embrace this culture and legacy on one hand then have the senior managers (that includes the Board of Directors) march 180 degrees in the other direction.</p></blockquote><p></p>
[QUOTE="Black_6_Leader, post: 592855, member: 9413"] It sounds like this thread is starting to encourage the discussion that I desired. For me, it comes down to leadership, and trust in the higher level managers in UPS. A quote that I found on a posting on UPSers.com, called "A Shared Culture [I]The stories, values, lessons, people, and spirit that embody UPS"[/I] Found on page 12 is this statement attributed to our first accountant CEO George Smith in 1961 [I]"Get rid of double standards of behavior —one for the workers and one for the management"[/I]. My concern is that we have become three companies one for Senior managers; one for front line leadership and lastly one for all other employees. Let me quote from page 20 of the 2008 Proxy statment: [I]"In 2008, UPS approved an average base salary increase of 3.5% for all management employees other than members of the Management Committee based upon company performance in 2007."[/I] Or this gem found on page 27 of the same proxy [I]"While it expects to continue to monitor the effect of global economic conditions on the Company, the Compensation Committee is committed to the implementation of its plan to increase the total compensation of these three executive officer positions."[/I] Need I go on? We cannot embrace this culture and legacy on one hand then have the senior managers (that includes the Board of Directors) march 180 degrees in the other direction. [/QUOTE]
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