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<blockquote data-quote="MrFedEx" data-source="post: 584491" data-attributes="member: 12508"><p>$114,000 was his total compensation level for the year. I don't know how that broke down as to base amount, MBO's etc, or if he switched to the PPP earlier...I doubt it. To protect his identity I don't want to reveal the market areas, but they were not at the LAX,SFO, JFK level. My point is that he isn't exactly getting a great retirement either. He's now under the PPP whether he likes it or not, just like we are, and he would also be under the PPP if he had stayed in management. A few of the ones I know took the PPP early because they were planning on leaving FedEx until the recession forced them into staying.</p><p> </p><p>I'll take the alternative (the Teamster pension) if I get the chance. While the Teamsters aren't exactly trustworthy, I'll take my chances with them instead of Smith.</p></blockquote><p></p>
[QUOTE="MrFedEx, post: 584491, member: 12508"] $114,000 was his total compensation level for the year. I don't know how that broke down as to base amount, MBO's etc, or if he switched to the PPP earlier...I doubt it. To protect his identity I don't want to reveal the market areas, but they were not at the LAX,SFO, JFK level. My point is that he isn't exactly getting a great retirement either. He's now under the PPP whether he likes it or not, just like we are, and he would also be under the PPP if he had stayed in management. A few of the ones I know took the PPP early because they were planning on leaving FedEx until the recession forced them into staying. I'll take the alternative (the Teamster pension) if I get the chance. While the Teamsters aren't exactly trustworthy, I'll take my chances with them instead of Smith. [/QUOTE]
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