Fun with Math

[UPS Under Paid Slave]

So UPS made $4,652,000,000 in profit last year and paid out $2,771,000,000 in dividends to share holders. Dividends are paid out to shareholders in companies with lots of extra cash. Total of both is $7,423,000,000. There are 260,000 UPS teamsters. That would equal $28,550 per member per year and UPS would still break even. My raise, according to the tentative contract agreement, would be $830 (.83 cents x the roughly 1,000 hours I work part time per year). That's about $10 a week after taxes... OH BOY - a gallon of milk and a gallon of gas!! Seems like they ought to be able to throw a few more crumbs to the people doing all the work.

 

[IVE GOTTA PACKAGE 4U]

They also use that money for expansion and new equipment.

 

[Indecisi0n]

 

[Wally]

So UPS made $4,652,000,000 in profit last year and paid out $2,771,000,000 in dividends to share holders. Dividends are paid out to shareholders in companies with lots of extra cash. Total of both is $7,423,000,000. There are 260,000 UPS teamsters. That would equal $28,550 per member per year and UPS would still break even. My raise, according to the tentative contract agreement, would be $830 (.83 cents x the roughly 1,000 hours I work part time per year). That's about $10 a week after taxes... OH BOY - a gallon of milk and a gallon of gas!! Seems like they ought to be able to throw a few more crumbs to the people doing all the work.

So, one yes vote?

 

[Brownslave688]

Strike strike strike

 

[Indecisi0n]

Strike strike strike

 

[oldngray]

 

[Number-Nine]

Thought that said meth. Very disappointed

 

[Indecisi0n]

 

[HEFFERNAN]

So UPS made $4,652,000,000 in profit last year and paid out $2,771,000,000 in dividends to share holders. Dividends are paid out to shareholders in companies with lots of extra cash. Total of both is $7,423,000,000. There are 260,000 UPS teamsters. That would equal $28,550 per member per year and UPS would still break even. My raise, according to the tentative contract agreement, would be $830 (.83 cents x the roughly 1,000 hours I work part time per year). That's about $10 a week after taxes... OH BOY - a gallon of milk and a gallon of gas!! Seems like they ought to be able to throw a few more crumbs to the people doing all the work.

A) We used our bargaining power to raise new hire's starting rate

B) State laws would require UPS to do it anyways, we could have used our power in other areas

C) UPS has still been paying attendance bonuses to new hires in many hard-to-employ areas so we just made them give it to them in salary. (building in my area gives $100/week bonus for showing up all 5 days)

D) You get the crumbs !!!

 

[trickpony1]

They also use that money for expansion and new equipment.

Those are called "write offs".
I suppose you think the company's accountants don't know that?

 

[IVE GOTTA PACKAGE 4U]

Those are called "write offs".
I suppose you think the company's accountants don't know that?

They sure don't give me enough time allowance for my stops....

 

[MECH-lift]

...and I can’t even get a new hat

 

[hehe xd]

i don't get what black people have to do with this?

 

[olroadbeech]

So UPS made $4,652,000,000 in profit last year and paid out $2,771,000,000 in dividends to share holders. Dividends are paid out to shareholders in companies with lots of extra cash. Total of both is $7,423,000,000. There are 260,000 UPS teamsters. That would equal $28,550 per member per year and UPS would still break even. My raise, according to the tentative contract agreement, would be $830 (.83 cents x the roughly 1,000 hours I work part time per year). That's about $10 a week after taxes... OH BOY - a gallon of milk and a gallon of gas!! Seems like they ought to be able to throw a few more crumbs to the people doing all the work.

keep working slave.

I LOVE those dividend checks. actually I reinvest them. As soon as they allowed us to buy stock I was in. we bought and bought . then had payroll deduction to buy more. $50 a week for years.

raking in huge dividends.

actually UPS is usually not a great stock but we were getting it at a discount. I bought a lot of blue chips like AT&T , and other high dividend paying blue chips.

 

[Benben]

actually UPS is usually not a great stock but we were getting it at a discount.

Lets see,you get a 5% discount on the price at end of quarter. That is after the company pays the dividend...which automatically lowers the stock price 3.28%. Nice discount ya get there hun!

 

[IVE GOTTA PACKAGE 4U]

Lets see,you get a 5% discount on the price at end of quarter. That is after the company pays the dividend...which automatically lowers the stock price 3.28%. Nice discount ya get there hun!

It used to be 10%

 

[Benben]

It used to be 10%

Used to be the lowest price of the quarter too but they #$%^&*'d that all up!

 

[bumped]

Lets see,you get a 5% discount on the price at end of quarter. That is after the company pays the dividend...which automatically lowers the stock price 3.28%. Nice discount ya get there hun!

used to be 10%

edit..beat to the post

 

[IVE GOTTA PACKAGE 4U]

Used to be the lowest price of the quarter too but they #$%^&*'d that all up!

That's why I don't buy it anymore. Made a few bucks when it was private, now than can keep it.