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Redesigned mip
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<blockquote data-quote="pretzel_man" data-source="post: 51783"><p>MIP shares are created from the shares UPS is authorized to distribute. Those shares are new shares. According to investor relations, when UPS buys back shares from the open market, those shares are retired. </p><p> </p><p>MIP this year as in previous years was 15% of pre-tax profits. </p><p> </p><p>A good source says that the MIP change will no longer tie it to 15% of profits. It will be based on how well UPS does in meeting other business targets. </p><p> </p><p>There will also be a change in how its distributed... I hear not all will be given right away. </p><p> </p><p>In theory, if UPS meets business targets, MIP will remain at about the level its been the last few years. </p><p> </p><p>P-Man</p></blockquote><p></p>
[QUOTE="pretzel_man, post: 51783"] MIP shares are created from the shares UPS is authorized to distribute. Those shares are new shares. According to investor relations, when UPS buys back shares from the open market, those shares are retired. MIP this year as in previous years was 15% of pre-tax profits. A good source says that the MIP change will no longer tie it to 15% of profits. It will be based on how well UPS does in meeting other business targets. There will also be a change in how its distributed... I hear not all will be given right away. In theory, if UPS meets business targets, MIP will remain at about the level its been the last few years. P-Man [/QUOTE]
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