OrionIsDaddy
Well-Known Member
Will this be the end of the MIP?
We all knew the plan was to get rid of MIP when they went to 1 year vesting.
I am almost certain they will be announcing that MIP will go away next year completely to be replaced by a salary increase that will in no way make up for it.
It makes perfect sense because starting in 2023 the base salary of management no longer counts to retirement benefit calculations. The benefit calculations are forever frozen as of 12/31/22.
They could not do away with MIP, and give everyone a salary increase to "make up for it" (we know whatever small increase they do won't) until after the end of the retirement plan this year because any salary increases would have increased benefits that would have to be paid 'forever'.
The MIP going away totally coincides with the retirement elimination plans made back in 2017, the changing of MIP to 1 year vest 5 years ago, and the management retirement benefits accruals ending at the end of this year, and probably also to coordinate with the teamsters contract year.
Make no mistake, this was ALL planned together, many years ago as part of one big plan to drastically reduce management benefits and pay.
I am skeptical that it will be anything negative, they wouldn’t jeopardize peak by announcing something bad just before.
Most negative announcements have been made right before or during Peak. Think benefits. Or the RSU system. And the redetermination of how management vacations work. As in can’t use all your vacations and then retire. Get prepared for bad news and Happy PeakI am skeptical that it will be anything negative, they wouldn’t jeopardize peak by announcing something bad just before.
If they get rid of MIP, what happens to the Ownership Incentive? Will that disappear with it? That would be a hit, but I can't imagine they would continue it without the MIP.
Countdown to peak. Cha Ching…Its holiday time and management is doing what's important: counting their money.
I don't know....Tome hasn't given me bad vibes yet. She would be entering her entire foot into her mouth if this turned out to be a net loss for us.
I do think MIP will be Jones'd with, but I don't think it'll be the doom and gloom like had been suggested.
Cause they werent needed. Ill be honest my position is unnecessary. Im just waiting to get bought out and im gone!...
Thousands of people have been let go since she started
Bought out? No way…. Ride your gravy train as long as you can.Cause they werent needed. Ill be honest my position is unnecessary. Im just waiting to get bought out and im gone!
People were getting let go in bunches long before she took over... are you new?...
Thousands of people have been let go since she started
You in OE or PE? LolCause they werent needed. Ill be honest my position is unnecessary. Im just waiting to get bought out and im gone!