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UPS Partners
Eliminating MIP below Level 20
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<blockquote data-quote="SignificantOwner" data-source="post: 749874" data-attributes="member: 22836"><p>I made good money over my first 10 years of MIP - back when the award was issued in real shares that you could turn into real dollars. The interest free loan to cover the Social Security tax was a nice part of the plan that helped build my share base and create wealth. </p><p></p><p>The last 10 years have felt far from rewarding. Over these years I've been handed pieces of paper showing the number of shares that I MIGHT get someday. When I've actually been issued shares many (maybe most) were worth less than they were when the RSU's were granted. </p><p></p><p>The management committee probably has some good laughs over this maneuver. I don't know if any changes are coming but don't worry, the grade 20's and above will take care of themselves.</p></blockquote><p></p>
[QUOTE="SignificantOwner, post: 749874, member: 22836"] I made good money over my first 10 years of MIP - back when the award was issued in real shares that you could turn into real dollars. The interest free loan to cover the Social Security tax was a nice part of the plan that helped build my share base and create wealth. The last 10 years have felt far from rewarding. Over these years I've been handed pieces of paper showing the number of shares that I MIGHT get someday. When I've actually been issued shares many (maybe most) were worth less than they were when the RSU's were granted. The management committee probably has some good laughs over this maneuver. I don't know if any changes are coming but don't worry, the grade 20's and above will take care of themselves. [/QUOTE]
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Eliminating MIP below Level 20
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