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Brown Cafe UPS Forum
UPS Partners
Management Buy-out and Pension cut
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<blockquote data-quote="tieguy" data-source="post: 144387" data-attributes="member: 1912"><p>Very good post. I do agree the partnership concept is gone. This company as we know it is gone. We now sell our soul to the whims of the public stockholder. Just think we now do hostile takeovers where we buy a company , dump its people gut it and move components. All while the stock continues to flounder. So we can't really say that we sold our soul to devil for riches because the stock has not responded like we hoped. </p><p></p><p>We changed the MIP rewards system because we as a company said the management team was not focused on the right elements. We were focused too much on net profit and not enough on the implementation of acquisitions? I could be wrong but it appears the public stock market also responds to the net profit numbers. </p><p></p><p>As we see on this web site and others many of our people are proud to wear brown proud to represent the brown machine but hate us the managment group. Despite the fact we have more employee relations activities then we ever did. </p><p></p><p>So we are in a process of change from what we once were. I hope that the person behind the green curtain is pushing the right buttons. If not then 100 years may become a milestone celebration of the end or the beginning of the end.</p></blockquote><p></p>
[QUOTE="tieguy, post: 144387, member: 1912"] Very good post. I do agree the partnership concept is gone. This company as we know it is gone. We now sell our soul to the whims of the public stockholder. Just think we now do hostile takeovers where we buy a company , dump its people gut it and move components. All while the stock continues to flounder. So we can't really say that we sold our soul to devil for riches because the stock has not responded like we hoped. We changed the MIP rewards system because we as a company said the management team was not focused on the right elements. We were focused too much on net profit and not enough on the implementation of acquisitions? I could be wrong but it appears the public stock market also responds to the net profit numbers. As we see on this web site and others many of our people are proud to wear brown proud to represent the brown machine but hate us the managment group. Despite the fact we have more employee relations activities then we ever did. So we are in a process of change from what we once were. I hope that the person behind the green curtain is pushing the right buttons. If not then 100 years may become a milestone celebration of the end or the beginning of the end. [/QUOTE]
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Management Buy-out and Pension cut
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