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UPS-ron: MIP vs. Material Definitive Agreement
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<blockquote data-quote="upsdawg" data-source="post: 133081" data-attributes="member: 2020"><p>Tie-----i totallly agree with your comments about UPS attempting to keep our most talented upper level management people---THEY ARE VERY MARKETABLE---not only to our transportation competitors---but to the companies involved with Logistics.</p><p></p><p>It used to make me laugh when UPS would pay to get some of our young A/E's a Masters Degree---and than see these peolpe leave UPS after 1 year to go to work for a higher paying company.UPS now requires that if you leave within 5 years you have to repay the cost of tuition.</p><p></p><p>It is harder in Management now to become an instant millionaire.I remember before we went public----there was a software program to use to calculate how much your current stock was going to be worth in 5 years---10 years.It used to be a 20% annual growth and your stock would double in 5 years---not anymore!</p><p></p><p>Tie--good advice to the younger Management Team, or those contemplationg going into management-----save those MIP awards--they will add up, and by the time you are 55 you will be financially able to retire with some money and great medical benefits!</p></blockquote><p></p>
[QUOTE="upsdawg, post: 133081, member: 2020"] Tie-----i totallly agree with your comments about UPS attempting to keep our most talented upper level management people---THEY ARE VERY MARKETABLE---not only to our transportation competitors---but to the companies involved with Logistics. It used to make me laugh when UPS would pay to get some of our young A/E's a Masters Degree---and than see these peolpe leave UPS after 1 year to go to work for a higher paying company.UPS now requires that if you leave within 5 years you have to repay the cost of tuition. It is harder in Management now to become an instant millionaire.I remember before we went public----there was a software program to use to calculate how much your current stock was going to be worth in 5 years---10 years.It used to be a 20% annual growth and your stock would double in 5 years---not anymore! Tie--good advice to the younger Management Team, or those contemplationg going into management-----save those MIP awards--they will add up, and by the time you are 55 you will be financially able to retire with some money and great medical benefits! [/QUOTE]
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UPS-ron: MIP vs. Material Definitive Agreement
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