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Brown Cafe UPS Forum
UPS Partners
Q4-2019 / MIP Status Update
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<blockquote data-quote="Brownwifey" data-source="post: 4356800" data-attributes="member: 51329"><p>Told "Brownhusband" when RSU's were heading for 100% vesting immediately, the company would eliminate it before January 2023. Quick calculation says if this is the last year, they will save roughly 5% per employee on pension obligation since pension is based on highest 5 yrs of last 10. Hired new CFO, Brian Newman last year for 8.5M compensation package. Scott Price got more than that, INCLUDING a $6.5M payoff for "forfeited compensation" from prior employment. REALLY???????</p></blockquote><p></p>
[QUOTE="Brownwifey, post: 4356800, member: 51329"] Told "Brownhusband" when RSU's were heading for 100% vesting immediately, the company would eliminate it before January 2023. Quick calculation says if this is the last year, they will save roughly 5% per employee on pension obligation since pension is based on highest 5 yrs of last 10. Hired new CFO, Brian Newman last year for 8.5M compensation package. Scott Price got more than that, INCLUDING a $6.5M payoff for "forfeited compensation" from prior employment. REALLY??????? [/QUOTE]
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