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Fred Understates Income By 30.2 Million
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<blockquote data-quote="MrFedEx" data-source="post: 527019" data-attributes="member: 12508"><p>Check out this link posted by BC member LED... <a href="https://web.archive.org/web/20120316150233/http://predisastered.com/2009/03/13/fedex-and-the-real-price-of-those-socks-you-bought-at-walmart/" target="_blank">https://web.archive.org/web/20120316150233/http://predisastered.com/2009/03/13/fedex-and-the-real-price-of-those-socks-you-bought-at-walmart/</a></p><p></p><p>According to this article, Fred's actual income last year was just over $32 million dollars,<em> if </em>you include his bonuses, gains on stock etc. That kind of makes the 20% pay cut he took on his $1.39 million salary look like chump change, doesn't it? Yes, Fred made some real sacrifices for the "team".</p><p></p><p>I was thinking about Fred today as my manager announced that stops per hour goals were going up along with requiring split shifts whenever said SPH goals were not being met. The other usual goals such as scanning compliance, International AWB auditing etc are also being raised. What's not being raised? The correct answer would be "our pay".</p><p></p><p>Once again, more work for less money. If you're a new hire, you don't even get the puny split-shift premium. What a joke.</p><p></p><p>How many of those 1,000 people we just laid-off would still have a job if Fred, Matt, Dave and the rest of them didn't have the big pay and bonus plans? I think it would be safe to assume that they also have marvelous stock options, golden parachutes, and other massive perks that rival those of Mr Smith.</p><p></p><p>All you have to do is pull aside that little curtain just to the left of the great and powerful Oz to expose a suited smelly rat yanking on the controls.</p><p></p><p>Thanks for the link LED.</p></blockquote><p></p>
[QUOTE="MrFedEx, post: 527019, member: 12508"] Check out this link posted by BC member LED... [url]https://web.archive.org/web/20120316150233/http://predisastered.com/2009/03/13/fedex-and-the-real-price-of-those-socks-you-bought-at-walmart/[/url] According to this article, Fred's actual income last year was just over $32 million dollars,[I] if [/I]you include his bonuses, gains on stock etc. That kind of makes the 20% pay cut he took on his $1.39 million salary look like chump change, doesn't it? Yes, Fred made some real sacrifices for the "team". I was thinking about Fred today as my manager announced that stops per hour goals were going up along with requiring split shifts whenever said SPH goals were not being met. The other usual goals such as scanning compliance, International AWB auditing etc are also being raised. What's not being raised? The correct answer would be "our pay". Once again, more work for less money. If you're a new hire, you don't even get the puny split-shift premium. What a joke. How many of those 1,000 people we just laid-off would still have a job if Fred, Matt, Dave and the rest of them didn't have the big pay and bonus plans? I think it would be safe to assume that they also have marvelous stock options, golden parachutes, and other massive perks that rival those of Mr Smith. All you have to do is pull aside that little curtain just to the left of the great and powerful Oz to expose a suited smelly rat yanking on the controls. Thanks for the link LED. [/QUOTE]
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