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UPS Partners
Redesigned mip
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<blockquote data-quote="desert" data-source="post: 51905"><p>I've seen the presentation, and it left me with more questions than answers. It hasn't been determined what kind of award would be presented, the 2 month, 4 month amounts were used as a reference only because that's what has been historically received over the past 10 years. </p><p> </p><p>"The aggregate award will be based on the actual award multiples <strong>as determined by the Salary Committee</strong>} multiplied by the aggregate monthly salaries by award level(e.g. 1 unit, 2 unit)" </p><p> </p><p>The company has yet to say what "targets" they will base it on. And if Mikey needs new shoes, what will keep the company from raising the MAR's to an unreachable level, or lowering the award multiples. </p><p>We've all seen how easily standards can change, with the 5.8 second allowance being taken away. </p><p> </p><p>GB 2112 is right, the salary for UPS management is not what it should be. Drivers working 10 to 15 hours less per week than management, taking home a bigger paycheck, even with the bonus figured in. </p><p> </p><p>The stock has been flat since going public, and is on a downward trend since January. No more 20 to 30 percent increases like we saw pre-stock market. </p><p> </p><p>My opinion, the company has lost focus on customer service and is now driven by the price per share. </p><p>This redesigned MIP is just a way for the company to get management to jump higher by hanging the carrot a little bit farther out of reach than before. </p><p> </p><p>And if you get too tired to jump, well, they can use the same carrot on the next fool.</p></blockquote><p></p>
[QUOTE="desert, post: 51905"] I've seen the presentation, and it left me with more questions than answers. It hasn't been determined what kind of award would be presented, the 2 month, 4 month amounts were used as a reference only because that's what has been historically received over the past 10 years. "The aggregate award will be based on the actual award multiples [b]as determined by the Salary Committee[/b]} multiplied by the aggregate monthly salaries by award level(e.g. 1 unit, 2 unit)" The company has yet to say what "targets" they will base it on. And if Mikey needs new shoes, what will keep the company from raising the MAR's to an unreachable level, or lowering the award multiples. We've all seen how easily standards can change, with the 5.8 second allowance being taken away. GB 2112 is right, the salary for UPS management is not what it should be. Drivers working 10 to 15 hours less per week than management, taking home a bigger paycheck, even with the bonus figured in. The stock has been flat since going public, and is on a downward trend since January. No more 20 to 30 percent increases like we saw pre-stock market. My opinion, the company has lost focus on customer service and is now driven by the price per share. This redesigned MIP is just a way for the company to get management to jump higher by hanging the carrot a little bit farther out of reach than before. And if you get too tired to jump, well, they can use the same carrot on the next fool. [/QUOTE]
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