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mgmt. compensation actually down...
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<blockquote data-quote="moreluck" data-source="post: 83533" data-attributes="member: 1246"><p>UPS executive compensation down 11% on average</p><p></p><p>Monday March 20, 4:05 pm ET...</p><p> </p><p></p><p>United Parcel Service Inc.'s profit went up 16 percent in 2005, but executive bonuses were lower due to a shift from immediate compensation to long-term compensation for annual bonuses, according to a proxy filing with the Securities and Exchange Commission. </p><p>Half of the annual bonus the Atlanta-based package shipper (NYSE: <a href="http://finance.yahoo.com/q?s=ups&d=t" target="_blank"><span style="color: #0000ff">UPS</span></a> - <a href="http://finance.yahoo.com/q/h?s=ups" target="_blank"><span style="color: #0000ff">News</span></a>) awards is now paid in restricted stock units that vest over a five-year period, UPS said. </p><p>UPS Chairman and CEO Mike Eskew made a base salary of $979,500 and a bonus of $229,100, plus other compensation of $13,537, for $1.22 million in total compensation in 2005. This marks an 11 percent drop over the $1.37 million in compensation he got in 2004. However, his base salary rose 5.6 percent compared with his base salary of $927,500 in 2004. Eskew's bonus in 2004 was $435,000. </p><p>Eskew's long-term compensation awards (restricted stock units and restricted performance units) jumped to $1.25 million in 2005, compared with $973,680 in 2004. He also received options for 34,993 shares. </p><p>UPS had a profit of $3.87 billionon $42.6 billion in revenue in 2005. </p><p>UPS Chief Operating Officer John Beystehner got a base salary of $538,750 and a bonus of $126,150, plus other compensation of $10,524, for total compensation of $675,424 last year. This was an 11 percent decrease compared with $758,800 in total compensation Beystehner got in 2004. His bonus for 2004 was $237,800. </p><p>Beystehner also was awarded long-term restricted stock units and restricted performance units worth $529,573 in 2005, plus options totaling 13,768 shares. </p><p>Chief Financial Officer Scott Davis earned a base salary of $496,000 and a bonus of $116,000, plus other compensation of $14,523, for a total of $626,523. This represented a 10.6 percent decline compared with the $700,700 in total compensation he received in 2004. David also got long-term restricted performance units and restricted stock units worth $486,946 and stock options for 12,660 shares in 2005. </p><p>Published March 20, 2006 by the Atlanta Business Chronicle</I></p></blockquote><p></p>
[QUOTE="moreluck, post: 83533, member: 1246"] UPS executive compensation down 11% on average Monday March 20, 4:05 pm ET... United Parcel Service Inc.'s profit went up 16 percent in 2005, but executive bonuses were lower due to a shift from immediate compensation to long-term compensation for annual bonuses, according to a proxy filing with the Securities and Exchange Commission. Half of the annual bonus the Atlanta-based package shipper (NYSE: [URL="http://finance.yahoo.com/q?s=ups&d=t"][COLOR=#0000ff]UPS[/COLOR][/URL] - [URL="http://finance.yahoo.com/q/h?s=ups"][COLOR=#0000ff]News[/COLOR][/URL]) awards is now paid in restricted stock units that vest over a five-year period, UPS said. UPS Chairman and CEO Mike Eskew made a base salary of $979,500 and a bonus of $229,100, plus other compensation of $13,537, for $1.22 million in total compensation in 2005. This marks an 11 percent drop over the $1.37 million in compensation he got in 2004. However, his base salary rose 5.6 percent compared with his base salary of $927,500 in 2004. Eskew's bonus in 2004 was $435,000. Eskew's long-term compensation awards (restricted stock units and restricted performance units) jumped to $1.25 million in 2005, compared with $973,680 in 2004. He also received options for 34,993 shares. UPS had a profit of $3.87 billionon $42.6 billion in revenue in 2005. UPS Chief Operating Officer John Beystehner got a base salary of $538,750 and a bonus of $126,150, plus other compensation of $10,524, for total compensation of $675,424 last year. This was an 11 percent decrease compared with $758,800 in total compensation Beystehner got in 2004. His bonus for 2004 was $237,800. Beystehner also was awarded long-term restricted stock units and restricted performance units worth $529,573 in 2005, plus options totaling 13,768 shares. Chief Financial Officer Scott Davis earned a base salary of $496,000 and a bonus of $116,000, plus other compensation of $14,523, for a total of $626,523. This represented a 10.6 percent decline compared with the $700,700 in total compensation he received in 2004. David also got long-term restricted performance units and restricted stock units worth $486,946 and stock options for 12,660 shares in 2005. Published March 20, 2006 by the Atlanta Business Chronicle</I> [/QUOTE]
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