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UPS Partners
Mip Factor Announced
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<blockquote data-quote="upscorpis" data-source="post: 130289" data-attributes="member: 2017"><p>This is the drivel that was rolled out to justify the factor. I don't buy into it and here's why. The company just had record profits and the MIP went down. What happens when the economy slows? What chance will there be to make any of the goals? What would MIP be in that scenario?</p><p></p><p>Generating volume is not raising our margins. Volume has grown 6.6% YTD. Costs are rising too fast. (Perhaps a motivator for the low MIP?) Operating expenses are up 14.9% while revenue is up 14%.</p><p></p><p>SCS and freight are anchors around UPS' neck right now. Stoffel and his fat colletion of staff managers need to look in the collective mirror as they all filter back to the UPS staff bench as SCS downsizes. Of course, they will receive extra compensation this year for their stellar performance; 45.6% increase in revenue generating a 97.3% loss in profits. (Imagine being a center manager with those kind of numbers. Something tells me an increase in compensation wouldn't be in your future.)</p><p></p><p>The money saved with this factor is pretty large. It's real money that the company earned and didn't pay out. Remember, profits are higher than last year. That amounts to ~20% of this past quarter's earnings. What will be done with that money?</p></blockquote><p></p>
[QUOTE="upscorpis, post: 130289, member: 2017"] This is the drivel that was rolled out to justify the factor. I don't buy into it and here's why. The company just had record profits and the MIP went down. What happens when the economy slows? What chance will there be to make any of the goals? What would MIP be in that scenario? Generating volume is not raising our margins. Volume has grown 6.6% YTD. Costs are rising too fast. (Perhaps a motivator for the low MIP?) Operating expenses are up 14.9% while revenue is up 14%. SCS and freight are anchors around UPS' neck right now. Stoffel and his fat colletion of staff managers need to look in the collective mirror as they all filter back to the UPS staff bench as SCS downsizes. Of course, they will receive extra compensation this year for their stellar performance; 45.6% increase in revenue generating a 97.3% loss in profits. (Imagine being a center manager with those kind of numbers. Something tells me an increase in compensation wouldn't be in your future.) The money saved with this factor is pretty large. It's real money that the company earned and didn't pay out. Remember, profits are higher than last year. That amounts to ~20% of this past quarter's earnings. What will be done with that money? [/QUOTE]
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