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Integrity issues?
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<blockquote data-quote="pretzel_man" data-source="post: 788261" data-attributes="member: 927"><p>Yes, everyone....</p><p> </p><p>If you are talking about Davis' incentives.....</p><p> </p><p>80%+ of his compensation is in incentives. Deferred compensation. If stock doesn't grow its value is diminished. Same for other top management.</p><p> </p><p>Grade 20's have about 1/2 of their compensation deferred. Above that, the % deferred is greater....</p><p> </p><p>It is meant to be an incentive to make the stock grow and for the long term....</p><p> </p><p>So... Scott is a CEO of a fortune 50 company. Last I looked, his compensation ranked somewhere around 500th in CEO compensation. Nowhere near his peers.</p><p> </p><p>Now, drivers are the highest paid in the industry. I am not saying, nor have I ever said that they are overpaid or not worth it. </p><p> </p><p>But to complain about top management who make much less than their counterparts is not reasonable.</p><p> </p><p>Is $5M a lot of money. Yes. On the other hand, if a CEO and his team can raise the stock price $1, they have upped UPS' worth by $1 Billion. That's why they are paid so highly. </p><p> </p><p>As I said, if the entire management committee made ZERO, the impact to everyone else's pay is negligible. Maybe $200 a year.</p></blockquote><p></p>
[QUOTE="pretzel_man, post: 788261, member: 927"] Yes, everyone.... If you are talking about Davis' incentives..... 80%+ of his compensation is in incentives. Deferred compensation. If stock doesn't grow its value is diminished. Same for other top management. Grade 20's have about 1/2 of their compensation deferred. Above that, the % deferred is greater.... It is meant to be an incentive to make the stock grow and for the long term.... So... Scott is a CEO of a fortune 50 company. Last I looked, his compensation ranked somewhere around 500th in CEO compensation. Nowhere near his peers. Now, drivers are the highest paid in the industry. I am not saying, nor have I ever said that they are overpaid or not worth it. But to complain about top management who make much less than their counterparts is not reasonable. Is $5M a lot of money. Yes. On the other hand, if a CEO and his team can raise the stock price $1, they have upped UPS' worth by $1 Billion. That's why they are paid so highly. As I said, if the entire management committee made ZERO, the impact to everyone else's pay is negligible. Maybe $200 a year. [/QUOTE]
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