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Brown Cafe UPS Forum
UPS Partners
Management Buyout Update?
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<blockquote data-quote="Tarnsman" data-source="post: 168058"><p>....The 30k figure is deemed the fairest amount for all...The idea was that the Division Managers and above have been able to reap the huge benefits of their options which their lower status partners do/did not have access to.........The annuity replaces the pension with the advantage that the annuity will carry over to the persons family once the primary dies.....................Im hoping this takes place so that the older management people will retire thus making room for people like me to grow with the company.......The promotions have been very few due to the management jam........Many great people ( under 35 years old) are frustrated by this and are looking for careers outside UPS.......I certainly hope that CEO Big Mike starts to act like a CEO and makes some decisions that benefit the company long term............Im surprised at his audacity of accepting his ( & the Boards) annual pay increases while we do not even keep pace with inflation.......I guess that their pay increases have to come from some where & why not from the lower management.....During Big Mikes tenure the Company has lost 20% of our net worth.....The stock value has declined in real money just over 20%..........</p></blockquote><p></p>
[QUOTE="Tarnsman, post: 168058"] ....The 30k figure is deemed the fairest amount for all...The idea was that the Division Managers and above have been able to reap the huge benefits of their options which their lower status partners do/did not have access to.........The annuity replaces the pension with the advantage that the annuity will carry over to the persons family once the primary dies.....................Im hoping this takes place so that the older management people will retire thus making room for people like me to grow with the company.......The promotions have been very few due to the management jam........Many great people ( under 35 years old) are frustrated by this and are looking for careers outside UPS.......I certainly hope that CEO Big Mike starts to act like a CEO and makes some decisions that benefit the company long term............Im surprised at his audacity of accepting his ( & the Boards) annual pay increases while we do not even keep pace with inflation.......I guess that their pay increases have to come from some where & why not from the lower management.....During Big Mikes tenure the Company has lost 20% of our net worth.....The stock value has declined in real money just over 20%.......... [/QUOTE]
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