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UPS Partners
Redesigned mip
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<blockquote data-quote="tieguy" data-source="post: 51894"><p>"The company now changes what essentially was a profit sharing plan for management into a performance based plan. Ooops! Now there is a major change!!" </p><p> </p><p>Pro this plan has always been a performance based plan. Each management person has to be recommended in September based on their performance. The MIP award itself is based on 15 percent of profit.The more profit the greater the award. The performance criteria now change each year and it appears will be reported on each time earnings are reported on. Hopefully this will give our stock some momentum. I personally don't think the investment world understands transportation companies very well. If we can get the investment community to except our benchmarks as valid then perhaps we can get them to appreciate how well we really are doing. </p><p> </p><p>This past year has certainly been an odd year. UPSers as a whole did extremely well. We reported many positive results on all fronts. Record profits again. The investment community responded very positively by driving our stock price up. Then wham. Snowstorm at the worst possible time. Blown projections and now we are all struggling to understand where we went wrong.</p></blockquote><p></p>
[QUOTE="tieguy, post: 51894"] "The company now changes what essentially was a profit sharing plan for management into a performance based plan. Ooops! Now there is a major change!!" Pro this plan has always been a performance based plan. Each management person has to be recommended in September based on their performance. The MIP award itself is based on 15 percent of profit.The more profit the greater the award. The performance criteria now change each year and it appears will be reported on each time earnings are reported on. Hopefully this will give our stock some momentum. I personally don't think the investment world understands transportation companies very well. If we can get the investment community to except our benchmarks as valid then perhaps we can get them to appreciate how well we really are doing. This past year has certainly been an odd year. UPSers as a whole did extremely well. We reported many positive results on all fronts. Record profits again. The investment community responded very positively by driving our stock price up. Then wham. Snowstorm at the worst possible time. Blown projections and now we are all struggling to understand where we went wrong. [/QUOTE]
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