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Wealthy UPS managers
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<blockquote data-quote="Catatonic" data-source="post: 630691" data-attributes="member: 7966"><p>Not the one's that are still working.</p><p></p><p>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.</p><p></p><p>Incidentally, 5 million is the magic number regardless of your age that a person can quit working.</p><p></p><p></p><p></p><p>True ... probably more drivers worth a million or more than management people.</p></blockquote><p></p>
[QUOTE="Catatonic, post: 630691, member: 7966"] 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. [/QUOTE]
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