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UPS Partners
Redesigned mip
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<blockquote data-quote="feguy" data-source="post: 51889"><p>Wow. I shake my head reading this stuff from you guys. </p><p>I know a lot of management folks. I have not heard many complain about this new system. How can they, really, until they see how it shakes out? </p><p>One thing I don't think a lot realize...not a bit of this affects "the bottom line" in any way. The "old" MIP took 15% of pretax profits. Profits. That IS the bottom line. All expenses, charges, etc are already figured. Profits are what's left. The company can do with them what they will. They've been earned. Buy an airplane, build a building, reinvest in the company or give it to management in the MIP. NONE of that affects the bottom line. Check with any accountant worth his salt.</p></blockquote><p></p>
[QUOTE="feguy, post: 51889"] Wow. I shake my head reading this stuff from you guys. I know a lot of management folks. I have not heard many complain about this new system. How can they, really, until they see how it shakes out? One thing I don't think a lot realize...not a bit of this affects "the bottom line" in any way. The "old" MIP took 15% of pretax profits. Profits. That IS the bottom line. All expenses, charges, etc are already figured. Profits are what's left. The company can do with them what they will. They've been earned. Buy an airplane, build a building, reinvest in the company or give it to management in the MIP. NONE of that affects the bottom line. Check with any accountant worth his salt. [/QUOTE]
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