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UPS-ron: MIP vs. Material Definitive Agreement
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<blockquote data-quote="traveler" data-source="post: 132977" data-attributes="member: 1954"><p>Yes, there is a lot of $$$ involved here but please do not forget to note the relatively low salaries of upper management as compared to other large companies. I know I will be called to task for this statement, still, please look at the compensation for CEO's and CFO's, etc. in other multi-billion dollar companies. The salary with perks of UPSers in upper management does not compare at all.</p><p></p><p><img src="/community/styles/default/xenforo/smilies/group1/ohmy.gif" class="smilie" loading="lazy" alt=":ohmy:" title="Ohmy :ohmy:" data-shortname=":ohmy:" /></p><p>By the way, there has always been special compensation for UPS upper management. Some of those were options for division managers and above, Parmac and New Parmac for upper management. No one really saw much of this when the company was privately held but since UPS went public (still a big mistake in my opinion) all this info is available to those who wish to find it.</p><p></p><p>Finally, yes, I would be really pissed at the MIP this year were I still working. I believe some in power have lost their way.</p></blockquote><p></p>
[QUOTE="traveler, post: 132977, member: 1954"] Yes, there is a lot of $$$ involved here but please do not forget to note the relatively low salaries of upper management as compared to other large companies. I know I will be called to task for this statement, still, please look at the compensation for CEO's and CFO's, etc. in other multi-billion dollar companies. The salary with perks of UPSers in upper management does not compare at all. :ohmy: By the way, there has always been special compensation for UPS upper management. Some of those were options for division managers and above, Parmac and New Parmac for upper management. No one really saw much of this when the company was privately held but since UPS went public (still a big mistake in my opinion) all this info is available to those who wish to find it. Finally, yes, I would be really pissed at the MIP this year were I still working. I believe some in power have lost their way. [/QUOTE]
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