Hey I have always heard that most UPS managers and SUPS are worth millions in UPS stock. These are the folks that have been getting the MIP thing for 20 years or so. Just wondering how much a UPS full time sup is worth these days. In my BLDG rumor has it that some of these guys and gals are worth 5 million or more. I cant understand why they are so down if they truly have that kind of cash. So what if you get fired? With that kind of money do you really need to even work anymore?
Wealthy UPS managers
- Thread starter purplesky
- Start date
Dookiebrowns
Well-Known Member
Not in my building.
cachsux
Wah
You answered you`re question with the word "rumor". Anyone can be wealthy if you do the right things. Don`t and your not. Sup or otherwise.
brownmonster
Man of Great Wisdom
My mgr. wont let me see his portfolio.
Catatonic
Nine Lives
brownmonster
Man of Great Wisdom
I'll expose mine to you.
I've heard rumors about your little portfolio.
Most if not all of the upper, upper management and the trickle down to the sups that were worth big money retired/left 6-7 years ago. Now, for the most part we are left with management that have to pick up the pieces after those that let to company go public(sold the next generation out) are living very well off.
brownrodster
Well-Known Member
With the kind of money a UPS driver makes would not be hard to be worth millions after 30 years of employment. Purchase assets instead of liabilities. Be smart with your money.
dilligaf
IN VINO VERITAS
Ya ya ya, promises promises. When?I'll expose mine to you.
Catatonic
Nine Lives
Not the one's that are still working.
Many UPS management were heavily leveraged and did not sell stock to pay off their hypos prior to the 2008 crash. The banks sold their stock from underneath them to cover the margin calls and now they owe tax on the sale of the margin called stocks. Many of the paper millionaires of 2 and 3 years ago have lost 2/3's of their wealth.
Incidentally, 5 million is the magic number regardless of your age that a person can quit working.
True ... probably more drivers worth a million or more than management people.
40 and out
Well-Known Member
Used to be managers that retired after 30 years or more left with between 5 and 10 million in UPS stock. Those days are gone never to be seen again.
Catatonic
Nine Lives
Even Disrict manager levels are struggling to retire with $5 M in net worth. Almost none are if they held on to their UPS Stock.
brownmonster
Man of Great Wisdom
That must be a result of ignoring an upstart called RPS.
UpstateNYUPSer(Ret)
Well-Known Member
Sounds good but kids like to eat and spouses love to shop and ...
In my post I asked about UPS management. I didnt ask about anyone.
dilligaf
IN VINO VERITAS
So? Did you really expect to ask that question here and not get a response from everyone. C'est le vie
Is this the first time on this board? With all the drivers on here trying to sell their vacations back because they have no money...... I would also think that guys would be set but look at my center and several have over 35 years and don't plan on retiring.
randomUPSISer
Well-Known Member
You know of managers still hypo'ing in 2008 with UPS public stock?? Wow, talk about some risk tolerance
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