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profits to management!! WHY??
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<blockquote data-quote="susiedriver" data-source="post: 57716"><p>I may regret chiming in here, but </p><p> </p><p>I think a good point is being made, namely: Why should management be given bonuses while the stock is languishing? </p><p> </p><p>Since UPS went public, it is beholden to its shareholders, and as one of them, Im not real happy. If I would have bought stock, or had it deducted from my pay on the first of the year, I would be out around $12/share! In the meantime, management will be given a bonus of a couple of months salary for the great job they did! Does this make sense to anyone? </p><p> </p><p>If the company is so profitable, why not reward those who invest in it with a special dividend, rather than reward dead weight for hanging around? Reward the investor occasionally; otherwise the investors dont think youre worth too much. I know quite a few folks who bought UPS after the IPO for close to $70/share because of the reputation we HAD. Jim Casey said something about best service, best price and every customer, everyday that seems to have fallen by the wayside </p><p> </p><p>As a former driver, I feel this is one of the real sources of discontent in the workplace, along with the excess hours, which are evidently taking place as they have in the past, again. </p><p> </p><p>I could point out specific things, like the use of full time drivers as shuttle drivers (sorry sir, Im not allowed to give you your packages, no matter how badly you need them, I have to wait for the route driver, and hand them to him to deliver) that are just plain idiotic, but whats the use? </p><p> </p><p>I also agree with our management posters, that tuning down sales leads is suicidal, but I understand, from a drivers standpoint, that there is too much work already. The problem is that UPS front line management is duplicitous in their actions. They are distrustful of the hourly, and insecure in their own responsibilities. This leads to a bad work climate. I would prefer to think that upper management is a little bit more on the ball, and not so myopic. </p><p> </p><p>Enough for now, I need a drink! </p><p> </p><p> </p><p>Peace, Out, </p><p> </p><p>Susie </p><p> </p><p> </p><p>PS---Good points all around from everyone, so far.</p></blockquote><p></p>
[QUOTE="susiedriver, post: 57716"] I may regret chiming in here, but I think a good point is being made, namely: Why should management be given bonuses while the stock is languishing? Since UPS went public, it is beholden to its shareholders, and as one of them, Im not real happy. If I would have bought stock, or had it deducted from my pay on the first of the year, I would be out around $12/share! In the meantime, management will be given a bonus of a couple of months salary for the great job they did! Does this make sense to anyone? If the company is so profitable, why not reward those who invest in it with a special dividend, rather than reward dead weight for hanging around? Reward the investor occasionally; otherwise the investors dont think youre worth too much. I know quite a few folks who bought UPS after the IPO for close to $70/share because of the reputation we HAD. Jim Casey said something about best service, best price and every customer, everyday that seems to have fallen by the wayside As a former driver, I feel this is one of the real sources of discontent in the workplace, along with the excess hours, which are evidently taking place as they have in the past, again. I could point out specific things, like the use of full time drivers as shuttle drivers (sorry sir, Im not allowed to give you your packages, no matter how badly you need them, I have to wait for the route driver, and hand them to him to deliver) that are just plain idiotic, but whats the use? I also agree with our management posters, that tuning down sales leads is suicidal, but I understand, from a drivers standpoint, that there is too much work already. The problem is that UPS front line management is duplicitous in their actions. They are distrustful of the hourly, and insecure in their own responsibilities. This leads to a bad work climate. I would prefer to think that upper management is a little bit more on the ball, and not so myopic. Enough for now, I need a drink! Peace, Out, Susie PS---Good points all around from everyone, so far. [/QUOTE]
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