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profits to management!! WHY??
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<blockquote data-quote="air_upser" data-source="post: 57756"><p>FEguy, I'm not sure you know what you're talking about. The last time I went to school, profit=revenue-expenses. Any expense reduces profit. We are reminded at least once a week to cut costs. Heck, I even get emails from VPs to sign up for electronic proxy and paychecks. Wall Street is looking for constant growth in revenue and profit. The only way profit grows is to maintain our current expense level while increasing revenue. </p><p>That being said, UPS will need to start spending more on capital expenditures on the hub level very soon. We are spending ALOT on the air and air infrastructure, as well as, Europe and Asia. Hopefully, UPS will budget to upgrade the domestic side as well. </p><p> </p><p>moreluck- thanks for the post. I like my MIP, but I'd make more if I were paid overtime! As for Eskew, compare his salary to other S+P 100 companies. It's equal if not less. And he doesn't get a corporate jet either. As I have said previously, it's a personal decision. There's many drivers that would make great managers, and there are many managers who would make great drivers. It all depends on what you want to do.</p></blockquote><p></p>
[QUOTE="air_upser, post: 57756"] FEguy, I'm not sure you know what you're talking about. The last time I went to school, profit=revenue-expenses. Any expense reduces profit. We are reminded at least once a week to cut costs. Heck, I even get emails from VPs to sign up for electronic proxy and paychecks. Wall Street is looking for constant growth in revenue and profit. The only way profit grows is to maintain our current expense level while increasing revenue. That being said, UPS will need to start spending more on capital expenditures on the hub level very soon. We are spending ALOT on the air and air infrastructure, as well as, Europe and Asia. Hopefully, UPS will budget to upgrade the domestic side as well. moreluck- thanks for the post. I like my MIP, but I'd make more if I were paid overtime! As for Eskew, compare his salary to other S+P 100 companies. It's equal if not less. And he doesn't get a corporate jet either. As I have said previously, it's a personal decision. There's many drivers that would make great managers, and there are many managers who would make great drivers. It all depends on what you want to do. [/QUOTE]
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profits to management!! WHY??
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