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UPS Chief Executive Gets Raise
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<blockquote data-quote="beentheredonethat" data-source="post: 817022" data-attributes="member: 4886"><p>I have mixed feelings. On one hand, if you look at our service providers and comparing them to peers at other companies, they make the most. Similarly our airline mechanics make more then their counterparts at other companies. When I started at UPS as a supervisor I made more then all of my college friends who were trying to just find a job let alone getting a job at my pay. Why shouldn't the CEO and COO and CFO make industry average? However, if I had to choose, I think the pay and more importantly the increase he is getting is too much, especially now. My main reason is that at other large companies they may hire a new CEO from the outside and pay a lot of money to get the best person for the job. The best should be paid a large sum. However, at UPS the CEO comes from within. (even those of you who say Scott is an outsider, he;s been with UPS and before that a subsidiary we bought for decades). Over the last decade or so, the pay rate for supv and managers has declined compared to our peers at other companies. We have more turnover of mgmt then we ever have. This is partially due to how the pay of UPS mgmt has eroded over time. The CEO in 20 or 30 years from now, will be someone who is getting hired or promoted now. We should attract the best candidates by paying new mgmt folks at a rate that like the drivers exceeds their peers.</p></blockquote><p></p>
[QUOTE="beentheredonethat, post: 817022, member: 4886"] I have mixed feelings. On one hand, if you look at our service providers and comparing them to peers at other companies, they make the most. Similarly our airline mechanics make more then their counterparts at other companies. When I started at UPS as a supervisor I made more then all of my college friends who were trying to just find a job let alone getting a job at my pay. Why shouldn't the CEO and COO and CFO make industry average? However, if I had to choose, I think the pay and more importantly the increase he is getting is too much, especially now. My main reason is that at other large companies they may hire a new CEO from the outside and pay a lot of money to get the best person for the job. The best should be paid a large sum. However, at UPS the CEO comes from within. (even those of you who say Scott is an outsider, he;s been with UPS and before that a subsidiary we bought for decades). Over the last decade or so, the pay rate for supv and managers has declined compared to our peers at other companies. We have more turnover of mgmt then we ever have. This is partially due to how the pay of UPS mgmt has eroded over time. The CEO in 20 or 30 years from now, will be someone who is getting hired or promoted now. We should attract the best candidates by paying new mgmt folks at a rate that like the drivers exceeds their peers. [/QUOTE]
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