when mip is announced on tuesday, keep in mind that the factor would be over 3 using the old formula - 15% 0f pre tax profits- ...oh yeah, and you would have gotten ALL of it![]()
Yes, this is true and there was a time when supervisors didn't get MIP.
The business changes and management is supposed to adapt. We need to focus on things that grow the business and increase value.
Did we do a great job this year? Look at the elements....
P-Man
Yes, I know, another unpopular post.
Since upper management micromanages from above, I would assume that they did not meet their elements either. I bet that I wrong though.1
All management gets the same MIP factor...
Upper management gets an additional incentive called LTIP.
Its measured differently, but rumor is that its tracking at close to zero.
So, yes, upper management will feel the pain too.
P-Man
.........The MIP will surely be around 1.2 to 1.4 this year rather than the 3.1 to 3.2 if the old formula was used.....The 5 year plan cuts that in half with the hostahe half not yielding dividends or grtowth....The supervisors/managers in essence are funding a negetive interest loan to UPS plus finaceing the compensations of the division managers and abobe......Dont ever forget that the half of the MIP that is doled out ovet the 5 years is not adjusted for inflation, stock growth or lost dividends.......Its is the year issued dollars ........Im sure that Mr Casey would love to come back & straighten out this mess....Okay, P-Man, or should I say, Mr. Davis, we are on to you. What other pain and adjsutments do you have in mind for us?
We are beginining to understand that those with stock options must have those options maximized; those without, must sacrifice to make it so.
Looking forward to an accountant running the company.
.........The MIP will surely be around 1.2 to 1.4 this year rather than the 3.1 to 3.2 if the old formula was used.....The 5 year plan cuts that in half with the hostahe half not yielding dividends or grtowth....The supervisors/managers in essence are funding a negetive interest loan to UPS plus finaceing the compensations of the division managers and abobe......Dont ever forget that the half of the MIP that is doled out ovet the 5 years is not adjusted for inflation, stock growth or lost dividends.......Its is the year issued dollars ........Im sure that Mr Casey would love to come back & straighten out this mess....