I'm pretty sure nobody is trying to compare UPS with Enron, Worldcom, or FreddyMac.
I'll define corporate greed for you; it's the more, more, more mindset.
Whether it be the ever increasing standards shouldered by the frontline worker or the ever increasing divide of compensation between the ranks, make no mistake corporate greed is very real and prevalent.
It's a good old boys club amongst the elite.
They sit on each others board of directors, voting for each other agendas, all the while enjoying a bigger and bigger piece of the pie.
We are not blind to the fact in the face of the worst economy since the Great Depression, this company is enjoying record profits.
How was this done?
By cutting to the bone.
Why?
To satisfy the supposedly faceless stockholder. ( majority of the stock still owned by upper management )
Who's paying the price?
The little guys.
I don't think you are correct about who is paying the price...
Shareowners have seen no increase in 10 years.
Customers are paying a premium price. We are no longer the low cost provider.
Management is paying a higher and higher cost and seeing little advancement over the last few years.
Upper management who has a large portion of their compensation tied to stock growth is no longer getting wealthy.
It used to be that a division manager could count on a very healthy nest egg. No longer.
Yes, grade 20's and above get LTIP. Its a perk, but without stock growth nowhere near as valuable as previous incentives.
So, everyone is feeling the pinch. Not just the little guy.
You speak of the highest of all management. Look at the numbers. There are about 15 of them. If they made ZERO, it would mean squat to the workers. Maybe $200 per worker per year.
I hope that they are correct in their growth initiatives. I just don't see it.
Therefore, the choice is to work hard and be as efficient as possible or we all make less. All of us.
BTW, its totally false that the majority of stock is owned by upper management. Not even close. Last I looked, TOTAL management owned about 40% of stock. I bet its less now.