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Brown Cafe UPS Forum
UPS Partners
Buyout in 2013
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<blockquote data-quote="FracusBrown" data-source="post: 1075502" data-attributes="member: 29360"><p>To expect those on the losing end of the compensation changes to accept it without complaining is somewhat unreasonable. </p><p></p><p>After LTIP came salary bands, reduced benefit coverage, delayed MIP payments, elimination of the half month bonus, to name a few. </p><p></p><p>It's common knowledge that the company intended to reduce management compensation expense. They have been quite successful.</p><p></p><p>As mentioned earlier, stock growth was at one time a major source of long term financial gain for all management. Since there has been no growth, options became worthless. They implemented other forms of compensation for the upper levels of management to compensate while the lower levels get nothing other than one well planned and cleverly disguised reduction after another.</p></blockquote><p></p>
[QUOTE="FracusBrown, post: 1075502, member: 29360"] To expect those on the losing end of the compensation changes to accept it without complaining is somewhat unreasonable. After LTIP came salary bands, reduced benefit coverage, delayed MIP payments, elimination of the half month bonus, to name a few. It's common knowledge that the company intended to reduce management compensation expense. They have been quite successful. As mentioned earlier, stock growth was at one time a major source of long term financial gain for all management. Since there has been no growth, options became worthless. They implemented other forms of compensation for the upper levels of management to compensate while the lower levels get nothing other than one well planned and cleverly disguised reduction after another. [/QUOTE]
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