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Founders Day 2009~ What is the Status of the Management "Partnership"
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<blockquote data-quote="pretzel_man" data-source="post: 591318" data-attributes="member: 927"><p>Brownone:</p><p> </p><p>Your frustrations are reasonable. All UPS management have a right to be frustrated over the current situation. However, where you place the blame is inaccurate from my perspective.</p><p> </p><p>I believe that the true cause of our problem is lack of growth. We are not growing volume and certainly the stock has not grown for quite a long time. This is compounded by the competition we face and we are no longer the cheaper growing player we were when I started.</p><p> </p><p>Grade 18's and 20's and above certainly should not complain when it comes to compensation. However, they do NOT have the long term financial reward that existed 20 years ago. Without the growth in stock, options and LTIP are much less valuable than in the past.</p><p> </p><p>Davis and the management committee have tried to structure compensation and priorities to enable stock growth. Its the growth that will fix the current situation.</p><p> </p><p>I am very concerned as you are with our younger management people. I used to work my behind off all year long, just like they do. But, at the end of the year, I could see the reward in the growth of stock.</p><p> </p><p>The growth in the company meant I had opportunites with the company. It meant that their would be opportunites for promotion or varied assignments. Our younger people do not see this. I agree.</p><p> </p><p>Rather than seeing Davis as the cause, I see him as the individual trying to help us battle this situation.</p><p> </p><p>Now, one suggestion you have is to reduce management staffing. Rather than wait for attrition, proactively remove the less valuable individuals. I have heard this discussed by some friends I have in Corporate. I heard Alan Hill not rule this out on the report back video.</p><p> </p><p>I think that is hard to do. If the company did so, it would not solve our problems, but it may send a message to those that remain. Whether that message is a good one or not, I do not know....</p><p> </p><p>I believe the enemy is not Davis. Its not management. Its not Teamsters. Its our non-union competition. If we can get our packages back, I think then we will see stock grow and frustrations reduce.</p><p> </p><p>P-Man</p></blockquote><p></p>
[QUOTE="pretzel_man, post: 591318, member: 927"] Brownone: Your frustrations are reasonable. All UPS management have a right to be frustrated over the current situation. However, where you place the blame is inaccurate from my perspective. I believe that the true cause of our problem is lack of growth. We are not growing volume and certainly the stock has not grown for quite a long time. This is compounded by the competition we face and we are no longer the cheaper growing player we were when I started. Grade 18's and 20's and above certainly should not complain when it comes to compensation. However, they do NOT have the long term financial reward that existed 20 years ago. Without the growth in stock, options and LTIP are much less valuable than in the past. Davis and the management committee have tried to structure compensation and priorities to enable stock growth. Its the growth that will fix the current situation. I am very concerned as you are with our younger management people. I used to work my behind off all year long, just like they do. But, at the end of the year, I could see the reward in the growth of stock. The growth in the company meant I had opportunites with the company. It meant that their would be opportunites for promotion or varied assignments. Our younger people do not see this. I agree. Rather than seeing Davis as the cause, I see him as the individual trying to help us battle this situation. Now, one suggestion you have is to reduce management staffing. Rather than wait for attrition, proactively remove the less valuable individuals. I have heard this discussed by some friends I have in Corporate. I heard Alan Hill not rule this out on the report back video. I think that is hard to do. If the company did so, it would not solve our problems, but it may send a message to those that remain. Whether that message is a good one or not, I do not know.... I believe the enemy is not Davis. Its not management. Its not Teamsters. Its our non-union competition. If we can get our packages back, I think then we will see stock grow and frustrations reduce. P-Man [/QUOTE]
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