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MIP Awards' Effect on Public Stock Price?
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<blockquote data-quote="formerbrown" data-source="post: 72019" data-attributes="member: 695"><p>I agree that the MIP does not affect the stock price. The company sure worked it out to stick it to their management. The stock price figured as a basis for the MIP usually comes in high. You get your MIP divided by that figure and are awarded X numbers of shares. Then you sit by and watch as the stock falls until you get you certificate. 2004 was the first year it went up instead of down (I believe it hit $88, on an award of $78). I, fool that I am, believed we finally made money on our MIP. I don't need to tell you that it hasn't seen middle 70's since. </p><p></p><p>I believe that the changes in the MIP award was done to try and keep as much money away from those who left before retirement. Whether you wanted to go or not, you lost a sizeable chunk. The company said they did this to help them maintain cash to do what was needed to get lost volume and customers back. I have seen many people leave over the last 12 months. Mostly all before their "retirement date". I have talked to some who were going to hang in to get their stock, who now just get up and leave. For a company that wants to aggressively go after the competition, they are letting and forcing, some very good people who could help them do this, leave. </p><p></p><p>Overall the MIP is a good thing. I believe the changes were not in the best interest of their people. The only way it will affect the stock price is in losing the workforce needed to get a bigger share of the market back. I know many drivers who turn in lead after lead to help, but if they don't have the people to follow up and those who are willing to work with the drivers to give the customers what they want, it is all mute.</p></blockquote><p></p>
[QUOTE="formerbrown, post: 72019, member: 695"] I agree that the MIP does not affect the stock price. The company sure worked it out to stick it to their management. The stock price figured as a basis for the MIP usually comes in high. You get your MIP divided by that figure and are awarded X numbers of shares. Then you sit by and watch as the stock falls until you get you certificate. 2004 was the first year it went up instead of down (I believe it hit $88, on an award of $78). I, fool that I am, believed we finally made money on our MIP. I don't need to tell you that it hasn't seen middle 70's since. I believe that the changes in the MIP award was done to try and keep as much money away from those who left before retirement. Whether you wanted to go or not, you lost a sizeable chunk. The company said they did this to help them maintain cash to do what was needed to get lost volume and customers back. I have seen many people leave over the last 12 months. Mostly all before their "retirement date". I have talked to some who were going to hang in to get their stock, who now just get up and leave. For a company that wants to aggressively go after the competition, they are letting and forcing, some very good people who could help them do this, leave. Overall the MIP is a good thing. I believe the changes were not in the best interest of their people. The only way it will affect the stock price is in losing the workforce needed to get a bigger share of the market back. I know many drivers who turn in lead after lead to help, but if they don't have the people to follow up and those who are willing to work with the drivers to give the customers what they want, it is all mute. [/QUOTE]
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