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<blockquote data-quote="AvgJoe" data-source="post: 627287" data-attributes="member: 22922"><p>I feel for our partners in the District. They are continually asked to do more with less. What do they get in return? Consolidation and reorganization again and again and more cost cutting. Less routes and longer hours for the drivers. What happened to the concern of drivers working over 9.5 hrs in a day? What does that do to the work life balance of the center management team? </p><p> </p><p>I long for the days when we were private and the stock went up every quarter with the exception of "The Strike" period. You could count on it splitting every few years which really helped your base. I read the various analysts opinions. They are all over the board. We could beat analyst expectations and our price would go up marginally. Fed Ex would ride our coat tails on our performance results (only if it was positive). It just seems that it is never reciprocated when it is the other way around (unless negative). How many of you secretly hoped UPS would buy the outstanding shares when we we reached a low of $38 and take us back to being a private company? I know, a pipe dream. I love this company and it's outstanding history. I work hard to provide excellent service every day and expect the same from my employees. I hope that all the money I give to UPSPAC and my letters to my senators will help with the FAA reauthorization bill but I would not be surprised if it dies in a committee somewhere. I agree the partnership has eroded. Maybe the management committee needs to re-read "A talk with Joe"? </p><p> </p><p>We must revise the stock ownership guidelines. For example, a manager must have 2.5 times his annual salary in UPS stock to get the full one month of salary stock incentive. That equates to almost $250K! Would any money manager in their right mind advise a UPS manager to have that many eggs in one basket (assuming their total financial portfolio is mostly made up of UPS stock) in order to receive the full amount of additional incentive? I think division level mgrs are required to have 3.5 times their annual salary. Ludicrous policy for any public company, especially in this economic environment. Wake up salary and management committees!</p></blockquote><p></p>
[QUOTE="AvgJoe, post: 627287, member: 22922"] I feel for our partners in the District. They are continually asked to do more with less. What do they get in return? Consolidation and reorganization again and again and more cost cutting. Less routes and longer hours for the drivers. What happened to the concern of drivers working over 9.5 hrs in a day? What does that do to the work life balance of the center management team? I long for the days when we were private and the stock went up every quarter with the exception of "The Strike" period. You could count on it splitting every few years which really helped your base. I read the various analysts opinions. They are all over the board. We could beat analyst expectations and our price would go up marginally. Fed Ex would ride our coat tails on our performance results (only if it was positive). It just seems that it is never reciprocated when it is the other way around (unless negative). How many of you secretly hoped UPS would buy the outstanding shares when we we reached a low of $38 and take us back to being a private company? I know, a pipe dream. I love this company and it's outstanding history. I work hard to provide excellent service every day and expect the same from my employees. I hope that all the money I give to UPSPAC and my letters to my senators will help with the FAA reauthorization bill but I would not be surprised if it dies in a committee somewhere. I agree the partnership has eroded. Maybe the management committee needs to re-read "A talk with Joe"? We must revise the stock ownership guidelines. For example, a manager must have 2.5 times his annual salary in UPS stock to get the full one month of salary stock incentive. That equates to almost $250K! Would any money manager in their right mind advise a UPS manager to have that many eggs in one basket (assuming their total financial portfolio is mostly made up of UPS stock) in order to receive the full amount of additional incentive? I think division level mgrs are required to have 3.5 times their annual salary. Ludicrous policy for any public company, especially in this economic environment. Wake up salary and management committees! [/QUOTE]
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