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<blockquote data-quote="pretzel_man" data-source="post: 594623" data-attributes="member: 927"><p>I think nearly all of what I wrote on this before Hoax revived this thread is still true...</p><p> </p><p>Growth is still the major issue in my mind. When I wrote this at the end of 2007, I was wondering if we were going to grow at 2%, 4%, 8%, etc. I was concerned about FedEx (and DHL) growth compared to ours.</p><p> </p><p>Maybe foolishly, I never envisioned UPS and the financial world going backward. In December 2007, I think UPS stock was $72 Two 10% growth years would have put us close to $90 this year, instead of $55. That's a $35 difference.</p><p> </p><p>That growth difference I believe is the root of our problems. Imagine how all management would feel if stock were $35 higher than it is....</p><p> </p><p>Of course, the point of the post was that lower management was not being taken advantage of by upper management. I still believe that.</p><p> </p><p>Take my $35 stock difference example above. I know that its simplified and not fully logical, but..... The negative growth in UPS stock impacted upper management tremendously. MIP, Options, LTIP are all hugely less than they would have been.</p><p> </p><p>UPS today is not the financial engine it was when I started. Back then, a supervisor could count on a fantastic retirement. But back then, a 20 year division manager would be very, very well off. That is not true for those upper management employees today either.</p><p> </p><p>We are all impacted by growth. We need our packages back.</p><p> </p><p>P-Man</p></blockquote><p></p>
[QUOTE="pretzel_man, post: 594623, member: 927"] I think nearly all of what I wrote on this before Hoax revived this thread is still true... Growth is still the major issue in my mind. When I wrote this at the end of 2007, I was wondering if we were going to grow at 2%, 4%, 8%, etc. I was concerned about FedEx (and DHL) growth compared to ours. Maybe foolishly, I never envisioned UPS and the financial world going backward. In December 2007, I think UPS stock was $72 Two 10% growth years would have put us close to $90 this year, instead of $55. That's a $35 difference. That growth difference I believe is the root of our problems. Imagine how all management would feel if stock were $35 higher than it is.... Of course, the point of the post was that lower management was not being taken advantage of by upper management. I still believe that. Take my $35 stock difference example above. I know that its simplified and not fully logical, but..... The negative growth in UPS stock impacted upper management tremendously. MIP, Options, LTIP are all hugely less than they would have been. UPS today is not the financial engine it was when I started. Back then, a supervisor could count on a fantastic retirement. But back then, a 20 year division manager would be very, very well off. That is not true for those upper management employees today either. We are all impacted by growth. We need our packages back. P-Man [/QUOTE]
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