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<blockquote data-quote="InsideUPS" data-source="post: 1101192" data-attributes="member: 31414"><p>"Scott Davis" -CEO...Accountant ...a.k.a. Bean Counter - His legacy will be that he led UPS to record profits in the short term....... while positioning the company for failure in the long term. </p><p></p><p>What many hourly do not realize is that many younger generation management employees (post IPO) do not get near the salary or benefits that our older generation management (pre-IPO) received. As a 35 year hourly employee, I feel that the the older generation management was MUCH more qualified and capable than these new "non-stock receiving" supervisors that have very little experience. This is all a result of ATLANTA believing that they can put anybody in these centers and run the operations with the new technology from their desks in ATLANTA. It is my understanding that even our building heat in the north is controlled by ATLANTA. </p><p></p><p>You speak of the "good old" days when 1/4 of the UPS stock was invested in offshore foreign accounts that was the "golden goose" portion of the stock. Of course...that was discovered to be illegal in which UPS was fined....and we eventually went public to raise more capital. </p><p></p><p>In summary, the morale at UPS of both management and hourly is at an all time low. Reducing the benefits of management will only attract less qualified people to go into management in the future. If you are getting 50% of your current salary as a pension, consider yourself lucky when compared to many drivers. ($36K per year for a 30 year Central States).</p></blockquote><p></p>
[QUOTE="InsideUPS, post: 1101192, member: 31414"] "Scott Davis" -CEO...Accountant ...a.k.a. Bean Counter - His legacy will be that he led UPS to record profits in the short term....... while positioning the company for failure in the long term. What many hourly do not realize is that many younger generation management employees (post IPO) do not get near the salary or benefits that our older generation management (pre-IPO) received. As a 35 year hourly employee, I feel that the the older generation management was MUCH more qualified and capable than these new "non-stock receiving" supervisors that have very little experience. This is all a result of ATLANTA believing that they can put anybody in these centers and run the operations with the new technology from their desks in ATLANTA. It is my understanding that even our building heat in the north is controlled by ATLANTA. You speak of the "good old" days when 1/4 of the UPS stock was invested in offshore foreign accounts that was the "golden goose" portion of the stock. Of course...that was discovered to be illegal in which UPS was fined....and we eventually went public to raise more capital. In summary, the morale at UPS of both management and hourly is at an all time low. Reducing the benefits of management will only attract less qualified people to go into management in the future. If you are getting 50% of your current salary as a pension, consider yourself lucky when compared to many drivers. ($36K per year for a 30 year Central States). [/QUOTE]
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