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UPS Partners
Redesigned mip
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<blockquote data-quote="had_enough" data-source="post: 51886"><p>Went public in 99 to have stock to purchase other companies, have not bought a thing that could not be bought with pretty cash to UPS. About the same time, started increasing out of pocket benefit cost, cutting raises, but raising dividend (great for guys at top with tens of thousands of shares). I believe it was fall of 02 when all senior VPs (district mgrs on up) met in MD and voted on 50 some cost initiatives. One initiative was to do away with MIP, luckily it did not pass, enough still had loyalty to people under them. Now a redesigned MIP? This group at the top is out to fill their pockets at the expense of people who make this company run, have lost touch with the way Jim Casey and others run this company for the first 90 years. If 3 years from now, these same people on the board think they can get a $10 rise (and make a couple extra million for themselves) in the stock price by doing away with MIP and this deferred money. How do you think they will vote? Watch your back.</p></blockquote><p></p>
[QUOTE="had_enough, post: 51886"] Went public in 99 to have stock to purchase other companies, have not bought a thing that could not be bought with pretty cash to UPS. About the same time, started increasing out of pocket benefit cost, cutting raises, but raising dividend (great for guys at top with tens of thousands of shares). I believe it was fall of 02 when all senior VPs (district mgrs on up) met in MD and voted on 50 some cost initiatives. One initiative was to do away with MIP, luckily it did not pass, enough still had loyalty to people under them. Now a redesigned MIP? This group at the top is out to fill their pockets at the expense of people who make this company run, have lost touch with the way Jim Casey and others run this company for the first 90 years. If 3 years from now, these same people on the board think they can get a $10 rise (and make a couple extra million for themselves) in the stock price by doing away with MIP and this deferred money. How do you think they will vote? Watch your back. [/QUOTE]
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