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<blockquote data-quote="onetoofar" data-source="post: 51947">Responding to ProUps: &quot;isn&#039;t a &quot;MIP pool&quot; any more. It is no longer a profit sharing plan. Get over it!&quot; Who are you to tell me or any other young manager that the end of profit sharing is something to &#039;get over&#039;. That&#039;s my point, which you did miss (again). There IS no sharing of the work done by partners anymore. There is no partnership - the work the partners done is no longer rewarded via MIP; only how well a few folks guessed we can do on specific items; not how well our partners performed.&nbsp; As for the lean years of the 70s, yes, I know all about it. Not once did the stock go down or lose over 10% of it&#039;s value because we mis-guessed our 4th quarter earnings, like a few months ago. That&#039;s a very real possibilty today, leading to having to pay off the hypo; hypo is now a suckers bet.&nbsp; Lots of young managers are worried the same people who fouled up the 4th quarter will be the same people in charge of the MIP estimates and they&#039;ll do the same lousy job.</blockquote>

[QUOTE="onetoofar, post: 51947"] Responding to ProUps: "isn't a "MIP pool" any more. It is no longer a profit sharing plan. Get over it!" Who are you to tell me or any other young manager that the end of profit sharing is something to 'get over'. That's my point, which you did miss (again). There IS no sharing of the work done by partners anymore. There is no partnership - the work the partners done is no longer rewarded via MIP; only how well a few folks guessed we can do on specific items; not how well our partners performed. As for the lean years of the 70s, yes, I know all about it. Not once did the stock go down or lose over 10% of it's value because we mis-guessed our 4th quarter earnings, like a few months ago. That's a very real possibilty today, leading to having to pay off the hypo; hypo is now a suckers bet. Lots of young managers are worried the same people who fouled up the 4th quarter will be the same people in charge of the MIP estimates and they'll do the same lousy job. [/QUOTE]

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