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CEO & Board of Directors Responsibility
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<blockquote data-quote="constructively dissatisfi" data-source="post: 198051" data-attributes="member: 6988"><p>Doing away with MIP at this point would be a benefit to the company in the long run. There's no disputing that The Partnership, from a financial perspective is a thing of the past. There is no benefit to employees in receiving UPS stock as compensation. They can buy all they want through a brokerage account just like anyone else. And the idea that anyone could be reasonably expected to invest in UPS, or any single public company, to the extent the Ownership Guidelines call for is ridiculous. Cash is king! Having large chunks of income tied up in UPS RSUs is a disincentive for anyone thinking of starting a career with UPS. They could go work somewhere else, not put up with the poor treatment and BS goals that they have no control over and just get the cash straight up. Only idiots who couldn't figure this out would work for UPS.</p></blockquote><p></p>
[QUOTE="constructively dissatisfi, post: 198051, member: 6988"] Doing away with MIP at this point would be a benefit to the company in the long run. There's no disputing that The Partnership, from a financial perspective is a thing of the past. There is no benefit to employees in receiving UPS stock as compensation. They can buy all they want through a brokerage account just like anyone else. And the idea that anyone could be reasonably expected to invest in UPS, or any single public company, to the extent the Ownership Guidelines call for is ridiculous. Cash is king! Having large chunks of income tied up in UPS RSUs is a disincentive for anyone thinking of starting a career with UPS. They could go work somewhere else, not put up with the poor treatment and BS goals that they have no control over and just get the cash straight up. Only idiots who couldn't figure this out would work for UPS. [/QUOTE]
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