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LTIP for the CEO, COO & CFO
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<blockquote data-quote="Catatonic" data-source="post: 501500" data-attributes="member: 7966"><p>It occurs to me that this could be an example in college textbooks in 5 - 10 years of a company in transition and how Change Management made the transition either smooth or rough.</p><p></p><p>If this was about another large corporation, I would say the compensation would appear very normal and it would conform well with other corporations.</p><p>These changes simply point to how unique and special United Parcel Service was (before going public) and how UPS is now just another large corporation.</p><p></p><p>It appears that the Board of Directors and Management Compensation Committee feels that the reward system should focus primarily on those people in positions to drive results the most - above a certain level - at or above the Region staff level. Biggest bang for the bucks.</p><p></p><p>I've heard this expressed around the Corporate office as: the "partnership" is now for those in Level 20 and above.</p><p></p><p></p><p>These are the 7 primary levels of mgt at UPS.</p><p>Mgt Committee</p><p>Region Mgr</p><p>District Mgr</p><p>Region Staff Mgr - Level 20</p><p>-----------------------------------------------------</p><p>Division Level/District Staff Level</p><p>Manager</p><p>Supervisor</p></blockquote><p></p>
[QUOTE="Catatonic, post: 501500, member: 7966"] It occurs to me that this could be an example in college textbooks in 5 - 10 years of a company in transition and how Change Management made the transition either smooth or rough. If this was about another large corporation, I would say the compensation would appear very normal and it would conform well with other corporations. These changes simply point to how unique and special United Parcel Service was (before going public) and how UPS is now just another large corporation. It appears that the Board of Directors and Management Compensation Committee feels that the reward system should focus primarily on those people in positions to drive results the most - above a certain level - at or above the Region staff level. Biggest bang for the bucks. I've heard this expressed around the Corporate office as: the "partnership" is now for those in Level 20 and above. These are the 7 primary levels of mgt at UPS. Mgt Committee Region Mgr District Mgr Region Staff Mgr - Level 20 ----------------------------------------------------- Division Level/District Staff Level Manager Supervisor [/QUOTE]
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