Mip rumors

Discussion in 'UPS Discussions' started by sosocal, Oct 11, 2008.

  1. sosocal

    sosocal New Member

    It's that time of year.....what will the MIP factor be????:biting:
     
  2. over9five

    over9five Moderator Staff Member

    Probably something lowball..... and you'll blame it on high union wages.
     
  3. Monkey Butt

    Monkey Butt You can call me Chappy Staff Member

    Whatever they want it to be...no formula anymore.

    • No ERI this year to provide input like last year.
    • Poor economy means less packages shipped.
    • MIP payout is cash that we may need next year.
    • Wall St. analysts have never liked the MIP anyway.
    • Trying to reduce headcount for 2009.
    I'm figuring my W-2 will be less for 2008 than for 2007.
    Good deal...less taxes paid! That is good, right?
     
  4. rocket man

    rocket man Well-Known Member

    I learn somthimg new on this once in a while whats mip?
     
  5. Monkey Butt

    Monkey Butt You can call me Chappy Staff Member

    Management Incentive Plan

    Use to be purely in the form of stock (before we went public).

    It has changed since then but you can still elect to get in form of stock. I am electing stock this year myself.
     
  6. dupa

    dupa On-Road Integrated Optimization and Navigation.

    might even be at $40 by then
     
  7. Monkey Butt

    Monkey Butt You can call me Chappy Staff Member

    That would be nice!
    Price of stock doesn't matter unless you are buying or selling...I would be buying at $40.
     
  8. tieguy

    tieguy Banned

    no I wouldn't do that the money is still there. I would blame it on some ambigous system with ambigous measurement.
     
  9. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    Is that the same system that establishes our planned dispatches or would that be a different ambiguous system with ambiguous measurement?
     
  10. BURMDPsupe

    BURMDPsupe Member

    My guess is 1.25! Yada yada yada poor economy & increase in operational costs.

    M-
     
  11. pretzel_man

    pretzel_man Well-Known Member

    As of July, all elements were below target with the exception of service.

    I think that things have gotten worse from there.

    I wouldn't be surprised to see a 1.0 MIP... 1.5 would be a nice surprise.

    P-Man
     
  12. NO ONE

    NO ONE New Member

    Correct me if I am wrong, but when the new plan came out (rsu's) their was a min. (1.8) and max. (2.4). anyone ????:funny:
     
  13. pretzel_man

    pretzel_man Well-Known Member


    I read through the prospectus, and could find no mention of a minimum or maximum.

    You may be thinking about the ownership incentive??

    P-Man
     
  14. browndude08

    browndude08 New Member

    No, that system is not ambiguous.

    For the sake of the company I hope it's 1.2 or better.
     
  15. browniehound

    browniehound Well-Known Member

    Its good to know corporate blows smoke at its managers and hourlies in an equal and unbiased manner:happy-very:.
     
  16. 1989

    1989 Well-Known Member

    If I happen to own stock at the time of the proxy vote, I'm voting no for MIP.
     
  17. Monkey Butt

    Monkey Butt You can call me Chappy Staff Member

    I'm sure that have an affect. Even a less impact than your vote for President.
     
  18. brownrodster

    brownrodster New Member

    lol. maybe it's not ambiguous if your center has had time studies within the last 20 years.
     
  19. Dragon

    Dragon Package Center Manager

    I would be surprised to see anything higher than 1.2.............
     
  20. tieguy

    tieguy Banned

    Indeed they do. Corporate has mastered the art.:happy-very: